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Top Stories for the Week of February 5, 2007
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EOP Prefers Blackstone, May Push Vote Back
CHICAGO-The EOP board agrees that shareholders should take the cash offer instead of Vornado’s contingent deal that may take up to four months to close.

Senate Bill Would Bar Banks From RE Industry
WASHINGTON, DC-The House introduced a similar bill a few weeks ago. Industry groups are hopeful of the bill's chances.

$1.8B Sale of 666 Fifth Ave. Closes
NEW YORK CITY-At $1,200 per sf, the deal sets a record for the sale of an office building, surpassing the sale of the MetLife Building for $1.72 billion.

Dirt Moves for $1.2B in New Songdo City Projects
INCHEON, SOUTH KOREA-Work begins this week for the $25-billion development’s signature office tower, a major residential component, a convention hotel and a 100-acre central park.

HEI Plans As Much As $1B in Buys, Builds
NORWALK, CT-Locally based hotel owner and operator HEI Hospitality, LLC says it is looking to spend between $500 million to $1 billion in new acquisitions/hotel development projects this year.

RAIT Closes $781M European CDO
PHILADELPHIA-Taberna Europe CDO I PLC is believed to be the first issuance of a European CDO backed primarily by debt issued by real estate companies in Europe.

SL Green Plans $750M of Dispositions in Q1
NEW YORK CITY-To meet the goal, SL Green has sold one property, signed an agreement to sell another and put a third on the market.

BioMed Realty Inks $511M Pact for Lyme Portfolio
CAMBRIDGE, MA-BioMed Realty Trust will acquire four life science properties in Cambridge, Houston and New Haven, CT.

DiamondRock Closes on $330M Westin Acquisition
BOSTON-In addition to the Westin Boston Waterfront Hotel, DiamondRock now has an option to purchase a leasehold interest on an adjacent site.

Levitt, BFC Put $286M Merger Into Action
FORT LAUDERDALE, FL-Under the deal between the two locally based companies, Levitt Corp. will become a wholly owned subsidiary of BFC Financial Corp.

HFF Begins NYSE Trading, Seeks Nearly $258M
DALLAS-The IPO opens at $18 per share in a bid to raise $257.4 million from 14.3 million shares. Within hours, sales surpassed six million shares.

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Regional Coverage
Northeast     Print Full Region
Marriott Long Wharf Goes on the Market
DC’s Union Station Sells for $160M
Antares Pays Record $130M for UST Building
JV Finalizes $100M Acquisition
Downtown To Double Number of Hotel Rooms by 2012
Grubb Picks Up 1M-SF Assignment
LG Electronics Takes 750,000 SF
570,000-SF Logistics Center To Rise on Spec
Southwest     Print Full Region
Management Group Opens With 1M-SF Portfolio
Hotel JV Hits Streets With $500M Buying Plan
UK Firm Paying $362M for Centex Construction
$120M-Plus Trophy Project Gets Under Way
New Plan, JPMorgan JV Buy 236,854-SF Center
466,026-SF Office Deal Sparks Bidding Frenzy
Midwest     Print Full Region
Sears Tower Secures $780M Refinancing
Fifield Cos. Details $750M Apartments Plan
Construction To Begin on $475M Tower
Local Developer Building Two Outstate Hotels
West Coast     Print Full Region
$330M Infusion Assures Casino Build
Watt Plaza Owners Refinance for $175M
Sheraton Universal Trades for $122M
Invesco Buys 843,000-SF Prudential Portfolio
Southeast     Print Full Region
Investor Submits Plans for $350M Mixed Use
Five-Center Portfolio Sells for $281M
$153M-Plus Buy Opens Triangle Door for Argus
Plans for 475-Unit Waterfront Project Take Shape
Dirt Moves on 400,000-SF Retail Center
Office Rents To Hit Record Levels
Around The Globe     Print Full Region
Putuo District Land Goes to Hong Kong Blue Chips
Manchester To Get Vegas-Style Casino
BridgeStreet Worldwide Changes Hands
NYC Firm Acquires Stake in Israeli Firm
REIT Ties Up Assets in Quebec
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: David Pfeffer of Arent Fox
ViewPoints: Urban Redevelopment Do’s & Don’ts


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