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Top Stories for the Week of July 23, 2007
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Group Cries Foul Ball in Yankee Stadium Project
NEW YORK CITY-Good Jobs New York charges political maneuvering behind the new $1.3-billion Yankee Stadium. The Yankees tell GlobeSt.com the claims are a swing and a miss.

Harrah’s Planning $1B Caesars Palace Expansion
LAS VEGAS-The centerpiece of the expansion is Octavius Tower, a new $375-million, 23-story, hotel building that will adjoin Augustus Tower, which opened in 2005.

Highland Shareholders Approve $2B Sale to JER
McLEAN, VA-The company agreed in April to be acquired for $19.50 a share.

Formation/JER $2B Buy of Genesis Closes
KENNETT SQUARE, PA-The partnership that initiated a bidding war over the healthcare REIT in mid-January triumphs and takes Genesis private.

IHOP Taking Applebee’s For $2.1B
OVERLAND PARK, KS-IHOP executives look to make the 1,900-unit chain more of a franchise-operated outfit.

Mission West Properties Negotiating $1.8B Buy-Out
CUPERTINO, CA-With its portfolio 30% vacant, the Silicon Valley R&D REIT is negotiating with a private equity firm.

Prime Vegas Land Could Top $1B
LAS VEGAS-Local real estate executive Howard Bulloch retains CB Richard Ellis and Goldman Sachs to market 38 acres with Strip frontage near McCarran International Airport.

Goldman Sachs Gets Breaks for $560M Tower
JERSEY CITY-The financial services giant will get millions in abatements for construction of a new 30-story tower, to rise next to its existing 42-story tower.

Broadway Acquires 500 W. Monroe for $335M
CHICAGO-The building is currently 92% leased, with 131,000 sf of space on the top floors becoming available next year.

PNC To Take Sterling Financial for $565M
PITTSBURGH-This follows PNC’s June agreement to buy Yardville for $403 million and its first-quarter $2.1-billion cash payment for Mercantile Bankshares.

$400M Green MXD Project Totals 1M SF
HOLLYWOOD-The Blvd6200 development will feature apartments, live-work units and retail space on a seven-acre site.

Gramercy, SL Green Pay for Lipstick Building Stake
NEW YORK CITY-The locally based companies agree to pay $317 million for a 79% interest and 21% leasehold interest in the 885 Third Ave. property.

KW, Rreef Buy Office, Residential for $300M
SEATTLE-The assets include a 126-unit condominium building that is under construction and an adjacent 536,000-sf office tower with significant vacancy.

Railyards Push Presents Promise for Local Owners
NEW YORK CITY-As the state seeks developers for the Hudson Yards site, surrounding owners and developers can at last express their optimisim about what the future holds.

Forbes To Build New HQ in NYC
NEW YORK CITY-Forbes Inc. leaves its historic, eight-story headquarters for a roomier location to house all Forbes units under one roof.

Madison Wins Blackstone Leasing Assignment
WEST LOS ANGELES, CA-The nearly 1.6 million sf in new assignments includes four class A office buildings in one of the country's strongest markets.

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Regional Coverage
Northeast     Print Full Region
Court Upholds Philly Casino Site Selection
Alexandria Tops $145M in Cambridge Office/Lab Bid
Combined Props, Heitman Launch $200M Fund
Morgan Lewis Takes 95,874 SF at 10 Penn Center
CRE Industry Remains Sanguine as Bernanke Testifies
Shire Adds 115,000 SF at Chesterbrook HQ
Flatley Puts 700,000-SF NH Campus Under Contract
Opus To Develop $180M Green Office
ProLogis Inks 600,000-SF Lease in Baltimore Area
210,000-SF Office Building Goes for $140M
Waterfront Redevelopment Could Begin Next Spring
East End DC Spec Building Inks 91,000-SF Lease
2001 Penn Ave. Trades for $112M
Antares Pays $87M for Stamford Properties
NJ County Admin. Leases 70,000 SF of Offices
NYC Officials Release RFP for Nearly Six Acres
Southwest     Print Full Region
TCC, MetLife JV on $200M Merchant-Build Program
Foster Wheeler Takes Down 332,000-SF Building
Plant Developments Total $250M
$200M MXD Project Targets Future Demand
Citibank, Pembrook Loan $95M To Ravaged Mall
Crown West Sells 144,910-SF Foothills
Industrial Realty REIT Sells Seven Buildings
JRK Sells 364-Unit Complex to NYC Investor
Tenants Take 280,000 SF in IDI Buildings
$100M Bascom Fund Buys 474 Units in First Deal
$33M Plus Secures First Phase of 86-Acre MXD
Cobalt Enters Market With Nearly $23M Buy
Samuelson-McKone To Build 66,476 SF
New Media Subleases 16,500-SF Plug n' Play
Midwest     Print Full Region
Prime Group Invests $120M in Extended Stay
Terrapin-Taxman JV Plans $100M Retail, Condos
Garmin Leases 49,000 SF in $200M Planned Park
Wrightwood Expands to $100M Loans, Hires
Newcastle Buys Apts for $500M Push
VOA To Occupy Two Full Floors at Santa Fe
County To Buy Guardian, Other Sites for $33M
Abercrombie & Fitch Moves Into Europe
Hayman Co. Buys Technology Park for $30M
Historic Packard Car Plant Offered for $13M
West Coast     Print Full Region
Tishman Recaps Office Park in $260M Deal
Talisker Buys Canyons Ski Resort for $100M
Ex-Studley Team Builds UGL Equis L.A. Office
MGM Mirage Renovating Luxor Pyramid
Opus West Buys Land for 8M-SF Logistics Park
Home Depot Unit Leases 95,000-SF Expansion
WCB Acquires Union Bank Square for $92M
Google Leases Former Agilent Headquarters
Doerken Buys 343,000-SF Retail Portfolio
Santa Barbara Investor Adds Kona Hotel
McSam Acquires 405-Room LAX Hotel
300-Acre Inspirada Town Center Moves Forward
Seagate Leases 23,400 SF From Westcore
Southeast     Print Full Region
SCI Nets $67M in Multifamily Portfolio Sale
Mainstreet, Praedium Acquire 40-Acre Campus
Former Innkeepers USA CEO Forms Two Firms
Regency Sets Sights on Green Shopping Centers
ABG Slates Fall Start for $50M Mixed-Use Plan
Duke Lands 40,000-SF Tenant at Perimeter Park
Innisbrook Resort Moves for $35M
AMB Invests Another $21M in Gratigny
Around The Globe     Print Full Region
Hammerson Sells 50% of WestQuay for $612M
ProLogis Fills 240,000 SF in Pair of Mexico Deals
Oxford Buys Into $480M London Office Project
Hypo Real Estate Surges on Improved Earnings
Pandox SA Pays $46M for InterContinental Montreal
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: US Realty's Richard Ader
Commentary: Barry Argalas


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