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Top Stories for the Week of August 27, 2007
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For Regional Coverage

Archstone Shareholders Go for Tishman/Lehman Buy-Out
DENVER-At a special meeting, the $22-billion sale was blessed yesterday by 78% of the attending shareholders. The deadline for closing was recently extended to Oct. 4.

$800M Casino Project Set to Start in Q1 '08
SPARKS, NV-Olympia Gaming acquires 14 acres from RED Development for a marina, casino, resort and spa that will be part of the 100-acre Legends at Sparks Marina retail and entertainment center.

ProLogis Forms Four Funds; $14B Capacity
DENVER-The lcoally based industrial REIT forms new funds for owning distribution centers in Europe, the US, Mexico and South Korea.

JBG Urban JV Targets $10B in Development
WASHINGTON, DC-Projects targeted by the $2.6-billion capitalized JV include pre-existing JBG assets that will be redeveloped under the partnership.

Dubai World Placing $5B in CityCenter, MGM Mirage
LAS VEGAS-The developer of the Palm and World developments off the coast of Dubai will acquire a 50% stake in the CityCenter project here and up to 9.5% of MGM Mirage common stock.

$2B Lighthouse Plan Moves Forward
UNIONDALE, NY-Lighthouse Development chooses the team responsible for creating the design of the Lighthouse project here.

Inland Named JV Partner for $1.4B Investment
CHICAGO-Inland American Real Estate Trust Inc. purchases 53 Lexington properties and lays out plans to buy $500 million more.

Teams Complete $1.3B Stadium Financing
EAST RUTHERFORD, NJ-The separate deals pave the way for construction on the new venue to replace the existing 30-year-old Giants Stadium.

Carlton To Broker $1B-Plus in Troubled Loans
NEW YORK CITY-Wall Street investment and commercial banks hire Carlton to assist with more than $1 billion in distressed loans, primarily in the Southeast.

Majestic Resorts’ Vegas Project in Limbo
LAS VEGAS-Hilton Hotels tells GlobeSt.com it’s no longer interested in being part of the project. Majestic Resorts tells GlobeSt.com there’s a contractual obligation to be resolved.

Procter & Gamble Renews JLL’s 16M-SF Contract
CINCINNATI-The Chicago-based Jones Lang LaSalle is going to continue the facilities and project management for the firm until 2012.

Demolition Starts for $700M Convention Center
PHILADELPHIA-Bricks go flying as land is cleared for 300,000 sf of extra space for the convention center here, scheduled for a 2010 completion.

Forest City Secures $630M Loan for Ridge Hill Project
YONKERS-The company secures the largest construction loan--$630 million--in the company’s history for the Ridge Hill mixed-use project here.

Advance Realty Portfolio May Bring $700M
BEDMINSTER, NJ-Officials of Advance Realty and Normandy Realty Partners aren’t talking but a deal may be near, say industry sources.

BB&T, Collateral Eyeing $10B of Annual Loans
BIRMINGHAM, AL-The HQ goes to Charlotte, NC but loan production stays local. The combined force creates a $20-billion portfolio and projected $10 billion of loans per year.

Hines CalPERS Green Fund Makes 1M-SF Spec Bet
HOUSTON-MainPlace will be the first development in the Southwest for the $1-billion Hines-CalPERS Green Fund. Key to the spec decision is the location.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Trump Soho Gets $350M Construction Package
REIT Takes 391,000-SF Office Asset for $320M
AmTrust Realty Buys OH, NY Office Assets
State Awards $154M in Growing Greener Funds
ImmunoGen Signs 89,000-SF HQ Lease
Falling Debris Injures Four at 130 Liberty St.
Newly Formed REIT Files $250M IPO
Law Lures Two Film Studios at $175M-Plus
Seasoned CRE Team Buys Portfolio for $120M
Stadium Expansion Could Cost $116M
$100M Highgrove Project Breaks Ground Next Month
Local JV To Oversee Arena Development
MD Marriott Trades for $92M
City Invests $69M in Cultural Expansion
Hudson Valley Multifamily Portfolio Sells for $52M
City’s Green Movement Gains Momentum
Southwest     Print Full Region
Hines Plans 1M-SF LEED High Rise for Downtown
Novati-GE JV Pays $380M for 1M-SF BoA Center
Goff Keeps CEO's Chair for REIT's Private Life
HQ Tenant Signs 10-Year Renewal, Expansion
Duke Adds Warehouse Option, 1M-SF Plus Spec
$100M Industrial Plan Planting 1M SF Plus
Nearly 3M SF of Office Being Built in Austin
Equity Hits Last Stretch of 12-Property Sale
Le-Nature's Closed Plant Nails Purchase Offer
Cousins, Seefried Plan 776,000-SF Industrial
Midwest     Print Full Region
Acquest To Develop Hotel for $125M Project
Main Street Developing $300M In Retail Centers
Partnership Plans $100M+ Open Air Center
Primestor Starts Construction on $93M Plaza
$65M Mixed-Use Plan To Rise Near Stadium
Kensington Receives $63M for Four Properties
Freed Redeveloping 600,000-SF Carson Store
ASI Limited Becomes First in $350M Park
GGP Reveals Tenants for $125M Fallen Timbers
West Coast     Print Full Region
TMG Partners, CalSmart To Rehab SOMA Property
City Approves AMB Platinum Triangle Plan
American Commercial Closes $200M in Retail
TIAA-CREF Buys Downtown Office for $71M
Security Properties Pays $53M for 250 Units
LINC Unveils $43M Pepperwood Complex
GE Venture Buys 99,000-SF Center for $41M
445,000-SF Leasehold Changes Hands
Southeast     Print Full Region
Equity Inns Gets Keys to Eight Hotels for $91M
IDI Enters Nashville With $80M Industrial Plan
Hillwood, Kim King JV Starts Work on $86M Hotel
$66M Loan Moves Cobalt’s 280-Unit Condo Project
JV Fund Invests $61M in Student Housing
Taurus Sells 272,000-SF Office Portfolio for $50M
Around The Globe     Print Full Region
Hines, Stern Unveil 2M-SF-Plus India Project
CREIT Paying $135M for NScotia Retail Stake
Bulgarian Retail Supply Shooting Upward
Cushman & Wakefield Expands CEE Presence
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Transwestern's Marc Fischer
Commentary: Charles Temkin


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