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Top Stories for the Week of October 15, 2007
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Hudson Yards: The Bids Are in
NEW YORK CITY-After a 90-day RFP period, five bidders submit proposals to be evaluated by MTA staff and Hudson Yards Development Corp.

MGM Mirage Unveils $5B Hotel/Casino
ATLANTIC CITY-It has been in the works for over two years, and the 3,000-key property will take close to four years to complete, company officials say.

Tender Offer for MGM Mirage Stock Bombs
LAS VEGAS-With the casino operator’s share price standing above the offer price, a Dubai World subsidiary attracts only 2.4% of the maximum number of shares it could have acquired.

Manor Shareholders To Vote on $6.3B Buy-Out
TOLEDO, OH-The Carlyle Group has pledged to pay $67 per share for the company, which has 500 nursing, rehabilitation and assisted living centers.

At $400M, Wells Closes First Timberland Deal
NORCROSS, GA-The deal with MeadWestvaco contains land spread across Georgia and Alabama. The transaction was first announced in August.

Flaherty, ING Clarion Building 1M-SF Park
ARLINGTON, TX-The developer is scrapping a dinosaur mall to make way for Pioneer 360 Business Center, a $55-million, 1.2-million-sf showcase that goes vertical in December.

Trump Takes Hotels Global; Plans 5,400 Keys
NEW YORK CITY-The Trump Organization formally launched its Hotel Collection last night and rolled out an aggressive worldwide strategy for ground-up development.

Gaming Board Signs Off on Station Casinos Buy-Out
LAS VEGAS-The $5.4-billion management led buy-out of Station Casinos will be considered for final approval by the Nevada Gaming Commission later this month.

ProLogis Expands Global Retail Holdings
NEW YORK CITY-The industrial giant plans to exponentially increase its retail and mixed-use assets in North America, Europe and Asia.

House Passes Housing Trust Fund Act
WASHINGTON, DC-The bill will establish dedicated funding for the development and preservation of 1.5 million affordable homes in 10 years.

Morgan Stanley Buys Tops Markets for $310M
BUFFALO, NY-The sale includes the chain’s remaining stores in New York and Pennsylvania.

JER’s Pralle To Focus on Global Platform
McLEAN, VA-Having made his bones in overseas markets at GE Real Estate, it is little wonder that JER’s new president has big plans for the company’s global platform.

BOMA Signs MOU With Climate Initiative
WASHINGTON, DC-One of the first measures BOMA wants to develop under its MOU with the Clinton Climate Initiative is an industry standard Energy Service performance contract.

Conde Nast Sees Hudson Yards as Opportunity
NEW YORK CITY-The publisher seeks the chance to secure space on the West Side in connection with a proposal by the Durst Organization and Vornado Realty Trust.

Gov. Rendell Nixes Calls to Re-Site Casinos
PHILADELPHIA-The governor informs a local citizens’ alliance that the state lacks the authority to require Foxwoods and SugarHouse to find new locations.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
923,706-SF Storage Portfolio On Block for $209M
LaSalle Fund Buys Healthcare Pack for $100M
CenterPoint Park Nabs 744,080-SF Tenant
Summit Plans 810,000-SF Industrial Project
JLL Wins 1M-SF Colony Realty Lease Mandate
Cassidy & Pinkard To Manage $109M Project
South Norwalk’s Maritime Yards Sells for $51M
Shorenstein Buys $50M Junior Mezz for Yield
Long-Delayed $200M Community Moves Ahead
Pantheon Buys 250,000-SF Campus
Cisco Systems Leases 45,000 SF
Southwest     Print Full Region
Lowe, Buchanan Acquire 406,415-SF 3D Tower
552,000-SF Nod Fires Up 1M-SF Project for Duke
Granite Makes Niche Play in Lakeside Commerce
Sterling Advancing $200M Beachfront Condo Plan
Whitestone Steps Outside Houston for First Time
295,440-SF Trio Getting Re-Branded, Re-Dressed
PPA Group Closes On 188-Unit Value-Add
Texarkana Gets Final Nod for Harte-Hanks Deal
Ashford's Disposition Nabs $69M Buyer for Trio
Midwest     Print Full Region
Campbell Plans $142M Pinnacle Race Track
JP Morgan Buys Office Portfolio for $91M
Duke Acquires 39 Acres for $87M Office Park
DSC Logistics Leases 111,000 SF in 2M-SF Park
Arboretum Snags Gold Class Cinemas as Tenant
American Realty Advisors Buys 150 N. Wacker
United, Moen Developing 132-Acre Biz Park
Insurer Takes on $182M Power Station Rehab
Thompson Hine Plans Lease in $230M MXD
West Coast     Print Full Region
Tribe Pays $63M for Salish Lodge, Excess Land
Goodman Borrows $402M for Foreign Hotel Portfolio
Amstar Buys 133,000-SF Office Building for $24M
Digital Realty Trust to Sell 2.5M Shares
Siegel Group Tees Up $50M in Acquisitions
Amcal Unit Targets Investments of $80M
First Industrial, CalSTRS Buy 140 Acres
SoCal Firm Plans 400,000 SF in Montana
Close-In Five-Acre Assemblage Up for Grabs
Former GM Space Gets Green Overhaul
$52M Buys Senior Care Portfolio
KOR Plans Repositioning After $30M Buy
OC Buyer Acquires 256 Units for $40M
Ixia Renews 84,000-SF Headquarters Lease
Triple Net Sells CBD Asset for $115M
BMW Investing $68M in New Distribution Facilities
Southeast     Print Full Region
100,000-Acre Sale Figures in St. Joe’s Plans
$100M Preserve at Alafia Switches Gears to Rental
Wells Partners With JV on $100M Three Glenlake
Canyon-Johnson Invests in Nashville MXD Plan
Lane Co. Plans $75M Residential Development
Work Force Housing Projects Gets $10M Boost
Around The Globe     Print Full Region
RBS Trio Set to Seal $101B ABN Amro Buy
AMB Lands Vitran in 525,000-SF Prelease
Asia Properties Takes Control of China Resort
AMB Enters UK Via 330,000-SF Industrial Buy
W.P. Carey Inks $74M German Sale-Leaseback
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Cole Cos.’ Chris Robertson
Commentary: Equinox's Tony LoPinto


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