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	Top Stories for the Week of July 16, 2007	Print Full Issue
	Click Here For Regional Coverage Archstone Shareholders Set Vote for Merger DENVER-If approved next month, the company will be taken private in a transaction valued at more than $22 billion. KKR’s $7.3B Buy of Dollar General Closes GOODLETSVILLE, TN-The buyout of the locally based 8,260-unit chain represents a continuation of private equity acquisitions that take retailers private. MTA Seeks Proposals for Rail Yards NEW YORK CITY-Gov. Spitzer opens two Requests for Proposals for the two development sites and air space over the MTA rail yards. Crescent Eyeing Aug. 3 Closing for $6.5B Sale FORT WORTH-In an SEC filing today, the local REIT has set Aug. 3 to redeem preferred shares, clearing the deck for an immediate pass to Morgan Stanley Real Estate. Walton Street Seals $2.8B CalWest Deal SACRAMENTO-The acquisition from CalPERS includes 23.5 million sf of mostly warehouse and distribution space in 95 properties in the Western US. 25M-SF DP Industrial Portfolio Trades for $1.8B RENO, NV-The Dermody Properties-CalSTRS joint venture sells its assets to distribution REIT ProLogis and a new fund ProLogis created with Lehman Brothers. $1.5B STAG Fund Acquires 173,312 SF in Texas ROUND ROCK, TX-STAG Capital Partners Fund III buys a pair of single-tenant net-leased industrial buildings in North and Central Texas. Clipper Clipped Again in $1.3B Bid for Starrett City NEW YORK CITY-For the second time, the controversial deal has been deep-sixed amid fears for the community's status as an affordable-housing sight. Kimco Buys $1.1B in Centers During Q2 NEW HYDE PARK, NY-Kimco bought 34 centers during the period and sold 28 for $545 million. Red Reef Labs Planning $1B R&D Medical Park NAPOLEONVILLE, LA-The Deerfield Beach, FL-based firm will build one million sf of R&D space, hotel and recreation facilities on 80 acres that it bought in December 2006. Inland Targets $1B for Cobalt Industrial Fund OAK BROOK, IL-The REIT has already acquired 36 properties with approximately three million sf. General Growth Buys Out JV for $950M CHICAGO-GGP buys out the 22-mall GGP/Homart I, which was formed in 1995 to acquire a Sears-owned portfolio. BPG Closes Its Record $850M Fund VIII PHILADELPHIA-More than 90% of previous BPG investors contributed to this fund, which will leverage $3 billion in acquisitions across diverse real estate sectors. Manhattan's Lipstick Building Sells for $649M NEW YORK CITY-Tishman Speyer will sell the Third Avenue landmark to a joint venture of Israel-based Tao Tsuot and Menofim Finance Israel. Mansfield Named New Chairman of ULI WASHINGTON, DC-The long-term viability of outlying areas is one of his key interests. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Cappelli Revamps $350M LeCount Square Project • Skyline Buys Three Buildings for $170M • New Fund Dips Into $300M Industrial Purse • Herndon Office Trades to ING for $47M • Sanofi Pasteur Readies $252M Expansion • $250M Senior Project Gets Key Approval • PA NY/NJ Approves Port Terminal Sale • Brandywine Sells 10-Building Portfolio • $110M Battery Maritime Selects Developer • $65M NH Waterfront Plan Gets Go-Ahead • 218-Key NOMA Hotel Breaks Ground • Two Office Deals Add Up to $47M • CapStar Buys 167-Key Hotel	Southwest     Print Full Region • 1M-SF-Plus Leasing Pact Follows Team to JLL • Weingarten, PNC Deploy $150M Into Triple Buy • Trademark-Led JV Ready To Advance $100M MXD • WaMu, CBRE Bless 24M-SF Corporate Services Deal • $100M GM-Army Deal Leads to 2,400-Acre Lease • Crescent Exits Austin; Rings Up $83M Gain • Behringer-Funded JV Gets Land for 900,000 SF • New BPG Fund Deploying $60M Into Class A Office • Multifamily Mega-Funds Drawn to Texas Markets • Arden Realty Pays $46M for Scottsdale Centre • Investment Equity Ready to Start $44M Project • Hammons Plans $40M Hotel for Village at Allen
Midwest     Print Full Region • Desco Sells Interest in 33 Centers for $400M • Nottawaseppi Tribe Clears Hurdles for $275M Casino • Robertson, Cohen Grow $220M Village Center • TCB, Tobin Building Up to 1M-SF Spec Property • JLL Forms Green Services Group • Corporate Express Leases 279,282-SF Building • Griffin Buys HQ for $36M for TIC Exchange	West Coast     Print Full Region • Astani Lands $190M Loan for Downtown Condos • 50% Stake in 18 Acres on Strip Fetches $180M • Wells REIT Buys IndyMac Site for $116M • Pacific Property Buys Two Apartment Complexes • Phelan Plans 408,000 SF on 20-Acre Site • Veralliance Purchases $72M Tech Center • Archstone-Smith Expands in $46M Acquisition • American Properties Sells Loma Vista for $42M • Law Firms Lease 73,000 SF on Bunker Hill • Concentric Medical Inks 62,000-SF Sublease • Lowe Enterprises Buys Pair of Apartment Assets
Southeast     Print Full Region • IDI Breaks Ground on 1M-SF Spec Industrial Project • Schafer Gets Green Light for 1M-SF Park • BentleyForbes Enters Market With 417,000-SF Buy • BPG Acquires 415,324-SF Office Building • Groundbreaking Pushes $270M Mixed-Use Forward • Grosvenor Takes Industrial Portfolio for $106M • Triple Net Takes 276-Unit Apartment Building	Around The Globe     Print Full Region • Morgan Stanley Makes $1B-Plus Korean Buy • Global Law Firm Signs at Warsaw Tower • GE, Quinlan Continue Bulgarian Retail Spree
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Jack McCabe of McCabe Research
ViewPoints: HUD’s Income Estimates Spur Unintended Consequences
Commentary: Marc Renard