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Top Stories for the Week of December 10, 2007
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Firms' Shareholders OK Grubb-NNN Merger
SANTA ANA, CA-The votes by shareholders of both companies set the stage for the two firms to complete their previously announced merger.

Industry Debates Bush Bailout
WASHINGTON, DC-Critics wonder what authority Bush has to freeze interest rates and how it will affect future structures.

Development Rides on Subway Expansion
NEW YORK CITY-Construction begins on the No. 7 subway extension, a $2.1-billion project that is expected to foster development on Manhattan's Far West Side.

$3B Grand Avenue Project Starts Construction
LOS ANGELES-The Related Cos. of New York City gets started on the 1.3-million-sf first phase of the 3.6-million-sf mixed use development.

First Industrial, CalSTRS Infusion Hits $1.6B
CHICAGO-The joint venture between First Industrial Realty Trust and the California State Teachers’ Retirement System is focusing on major coastal and inland port areas.

SL Green Forms $1.6B Acquisition Contract
NEW YORK CITY-SL Green will acquire two Downtown trophy office buildings for $1.6 billion or $598 per sf. The company also simultaneously forms a JV with SITQ.

$750M Medical Campus' Phase Two Coming in '08
MEADOWS PLACE, TX-Chaparral Group will start next summer on a 170,000-sf specialty hospital for the Oasis Medical Campus, where work is about to wrap up on the first phase.

CBL, TRS To Acquire Retail, Office for $541M
CHATTANOOGA, TN-CBL and TRS will acquire some of the properties jointly and some will be wholly owned by CBL.

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Regional Coverage
Northeast     Print Full Region
Starwood Hires William Green for Debt Focus
Shaner Forms $200M JV to Develop Hotels
Centerline Provides $150M for Housing Venture
Court Clears Path for SugarHouse Casino
Experts Predict Rental Rate Growth
Latham & Watkins Spreads Out at Lipstick
Willett Partnership Buys 75% Stake in Center
NoVa Well Positioned to Ride Out Market Woes
$800M MXD Adds Residential for Last Phase
AVR Realty Grabs Logan Center for $104M
Interstate Closes $118M Hospitality Play
PREI Acquires Boston Properties’ NoVA Portfolio
New England Hotel Portfolio Sells for $100M
Southwest     Print Full Region
Chase Merritt Turns Over 642,622-SF Amber Oaks
Chase Merritt Plans $500M TX Investment
RLand Properties Unveils Plans for Retail Trio
Becknell Breaks Ground on $100M, 2M-SF Park
Glimcher Ventures Plans $100M, 52-Acre MXD
Younan, ClubCorp Craft Renewal, $3M Club Redo
Law Firm Inks Five-Year Pacts for 76,679 SF
Biltmore Poised to Sell $90M Development Site
Younan Lands Houston CBD Office Deed for $40M
Koll Pushes Into Houston for $24M-Plus Deal
Midwest     Print Full Region
Goodyear’s SLB Part of $900M MXD Project
Five Developers Drop Silverdome Proposals
Inland REIT Sells Four Office Sites for $271M
BPG Fund Buys 10-Building Campus for $80M
Lauth Teams Up for $70M Bradley Center Retail
Verizon Renews 57,000 SF at Corridors Park
NorthCape Signs Lease at $50M Center
Express Scripts Gets Another $30M Office Site
West Coast     Print Full Region
Court Rejects Harrah’s Motion to Dismiss
REIT Refis, Funds Center Via $252M Loan
Clarett, Nederlander Plan Pantages Offices
Experts Optimistic About Green Tech
Essex Exits Portland Market With $97M Sale
StarPoint Launches $100M Acquisition Program
Arbitration Sets $56M Rent for Sony Offices
Chicago Buyer Pays $74M for 406 Units
$2B Palazzo Opens Soon, Retail in January
$32M Wins Fully Leased 150,000-SF Offices
Southeast     Print Full Region
Land Buy Initiates $84M Andalusia Plaza
Morgan Stanley, Lennar Form $525M Joint Venture
Centennial Holdings Buys Portfolio for $205M
U of Miami Closes $260M Cedars Acquisition
Stonemar, Kimco Take Deed to 350,000-SF Center
Wrightwood Expands Atlanta Activities
Aslan Continues Spree With $23M Acquisition
Rick’s Picks Up Tootsies Cabaret for $25M
City Furniture Readies Entry Into Southwest FL
Around The Globe     Print Full Region
RBS Completes Nearly $2.1B Sale
InterContinental Unveils $77M Crowne Plaza Plan
ProLogis Lands Logistics Tenant for 400,000 SF
JLL Buys French Property Services Group
GE Real Estate Taps Taiwan With $20M Buy
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: GE's Darren Kowalske
Commentary: NAIOP's Tom Bisacquino


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