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	Top Stories for the Week of June 18, 2007	Print Full Issue
	Click Here For Regional Coverage Developers Ready to Go on $7.5B Plus of Plans IRVING, TX-With a historic vote supporting their plans, developers scramble to close on land options and get final approvals for a litany of mixed-use projects. NJ Supreme Court Limits Eminent Domain TRENTON, NJ-New Jersey’s top court has ruled that towns must prove a site is truly “blighted,” and not just underutilized.. Lightstone Closes $8B Extended Stay Deal LAKEWOOD, NJ-In its initial hotel acquisition, the firm, through an affiliate, picks up 687 properties and 76,000 rooms under five brands. JP Morgan To Build $300M Trade Center Tower NEW YORK CITY-A 90-year lease on a proposed 1.3-million-sf tower will consolidate employees from a number of Manhattan locations. DDR Forms $1.5B Retail Fund with 63 Assets CLEVELAND-The fund will include 54 properties acquired earlier this year from Inland Retail Real Estate Trust. JER Closes $1B European Fund McLEAN, VA-With leverage, the fund will have total buying power of $5.4 billion. Outback Goes Private After $3.5B Buyout TAMPA, FL-The acquisition of OSI Restaurant Partners by Bain, Catterton and a trio of Outback Steakhouse founders closes for $300 million above the initial offer. Rechler To Build 2M SF Plus in Riverhead RIVERHEAD, NY-For $35 million, the family of developers is buying 300 acres to build its Enterprise Park at Calverton. Marriott, Schrager Team for 100 Boutique Hotels NEW YORK-The new joint-venture partners look to sign at least five development firms by the end of the year. They want 100 hotels open or in development in 10 years. Crescent, Equastone Ink $420M Deal for 3M SF FORT WORTH-Crescent lands a new buyer for a class A office portfolio after another contract falls out. If this one makes, a Q3 closing is planned. AMB Europe Fund Attracts $350M From Institutions SAN FRANCISCO-AMB Property Corp. stokes the fund with 4.7 million sf of distribution facilities it had previously developed or acquired. City Trips Green Light for $300M-Plus MXD DALLAS-With the city's new help, Prescott Realty can move ahead with Lake Highlands Town Center. In late June, three class C complexes will be bought and razed. Experts Call for Tighter TIC Standards LOS ANGELES-Although the TIC industry has gained momentum, many experts are still concerned about some of the risks associated with some deals. PUC To Build $178M LEED-Platinum HQ SAN FRANCISCO-Wind turbines on the roof, solar panels embedded in outer walls and a thermal chimney mean the 254,000-sf asset will supply 40% of its own energy needs. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Eminent Domain Ruling Draws Industry Fire • Starwood Joins Lex-Win in $419M Stock Bid • Mack-Cali, SL Green Complete $329M Swap • Final $320M Makes 2,285 Apartments Affordable • Carr Begins Development on 250K SF Green Building • Antares JV Buys Stamford Harbor Park for $136M • Campus Apartments Takes $256M Giant Step • Town Told to Consider Taubman Mall Plan • 625 Broadway Trades for $61M • $50M Army Award Fuels Ft. Detrick Rehab • JEMB Acquires 190 Multifamily Units for $50M • KS Partners Completes 10-Building Acquisition • HUD Backs ‘06 IBC for Safe Harbor • Ground Breaks for $105M SAP HQ Expansion • MetLife Places $105M Mortgage on Park Place II • Neiman To Hit Long Island at Tanger Center	Southwest     Print Full Region • Developers Unveil $200M Mixed-Use Plan for CBD • Merchant Builder Putting 2,434 Units on Market • Champion-Backed JV Plans 1M-SF-Plus Industrial • Tenant Plans Five More Years at Prized Site • McCann Pushes Into Texas With Buy n' Build Plan • Adaptive Reuse Becoming Solar Energy Test Case • WellPoint Renews 70,280-SF Office Lease • Developer Picks Office Team for $190M MXD • Teams Turn at 1M-SF-Plus Bank of America Plaza • Energy Firm Takes Full Floor in Class A Asset • Hillwood, Granite Plant Seeds for Green Future • Shoptaw Disposition Nets $34M for 438 Units
Midwest     Print Full Region • Niche Is Focus for $800M Harrison Street Fund • 2M-SF Industrial Portfolio Goes for $122M • Son Becomes Chairman at $2B Opus Corp. • JLL Merges With Trammell Crow Meghraj • Cabela’s Plans Nationwide Expansion in 2007 • JV Arranges $82M to Cover Northstar Purchase • JV Sells 944,000-SF Business Park for $65M • Value Industrial Buys Nine-Building Portfolio • Duke Building $30M BTS for Liberty Insurance	West Coast     Print Full Region • Irvine Co. Names Mike McKee CEO • Sterling, Hines Buy 333 Bush for $281M • Carlyle Group Buys TV Studio for $150M • Beacon Flips Rincon Center Residential for $143M • Riviera Holdings Obtains $245M in Credit • Dunn Joins GVA Worldwide, Daum Departs • $200K Per Key Buys Bay Bridge Hilton • Hamilton Zanze Arranges $77M Multifamily Buy • Logistics Firm Leases 300,000-SF Green Building • Buyer Gets Excess Land With $23M Building • 31,000-SF Office Building Commands $18M
Southeast     Print Full Region • $227M Moves Trump Hollywood to '09 Finish • Lodgian Sells 3,057-Room Portfolio for $65M • Noble Inks Deal for 754-Room Hyatt Conversion • Senior Execs Join $2B Liberty Harbor Team • Cousins Moves Dirt for 565,000-SF Buckhead Tower • 532 More Units Move to Bascom’s Local Portfolio • Foreign Investors Take Historic 30,000-SF Office	Around The Globe     Print Full Region • Jurys Inns Go To Quinlan in Nearly $1.6B Sale • Buyers Go Hard on $545M German CRE Portfolio
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