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Top Stories for the Week of May 26, 2008
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Penn Turnpike Leases for $12.8B
HARRISBURG, PA-Turnpike plan could hike tolls 25% next year to raise $1.1 billion annually for highway and bridge improvements.

Country Gives Permission for $4.2B Resort
VUNG TAU PROVINCE, VIETNAM-Toronto-based Asian Coast Development has earned the first foreign investment certificate, to be given at a ceremony today.

Downtown Centuria Project On Block
FORT LEE, NJ-Town & Country’s proposed mixed-use project, will apparently now be developed with new investment. Development costs have been estimated at up to $1 billion.

MTA Reaches $1B Deal with Related, Goldman Sachs
NEW YORK CITY- A special meeting of the MTA Board has been called for this Thursday to seek authorization for the deal, which recently lost Tishman Speyer as partner.

USGBC Seeks Comments on LEED Changes
WASHINGTON, DC-A public comment period for a plan to reorganize and improve USGBC’s LEED rating system runs through June 22.

MTA Board Approves Hudson Yards Deal
NEW YORK CITY-The Metropolitan Transportation Authority’s board gives the go-ahead to proceed with the deal MTA struck with Related Cos. and Goldman Sachs.

Senate Hashes Out Housing Bailout, GSE Bill
WASHINGTON, DC-The bill is going to mark up today and will then be presented to the full Senate and ultimately the president.

The Related Cos. Strikes Hudson Yards Deal
NEW YORK CITY-Despite delays, Hudson Rail Yards development is inevitable, with the Related Cos. reportedly moving forward to develop 12 million sf.

312-Unit Building in $850M Project Set to Deliver
BETHESDA, MD-The $850 million North Bethesda Center will include 930,000 sf of office, 202,000 sf of retail and 1,275 multifamily housing units.

Cornelius Bromont Plans $516M MXD Project
CORNELIUS, NC-Village at Lake Norman will include class A office space, retail, residences and hotels.

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Regional Coverage
Northeast     Print Full Region
Affordable Housing Funding Temporarily Diverted
Greyhound NoMa Sites May Sell as Package Deal
Lauth Plans 3M-SF Distribution Park
Beech-Nut To Build $125M ‘Green’ Plant
Boston College Chasing 2000 Commonwealth Ave.
Potomac Mills Sees Current Expansion as Model
Firms Angle for GM Building Buy
AIA, Mayor Unveils ‘Greenest’ Boston Buildings
Lease Renewal Activity Surges in DC
Irish Group Seen Buying Office Building
Southwest     Print Full Region
Parker Drilling Reserves 75,000 SF in Greenway
Goddard's 1M SF-Plus Run Hits Bull's Eye
Dallas Gives Final Nod to 1,000-Key Hotel Site
California Investor Takes 60-Unit Complex
175,162-SF Retail Center Gets JV's Nod to Start
Crescent Courting Buyers With 2M SF of Office
247-Key Radisson Draws Chhatrala to North Texas
Simon Readies Expansion for $245M Domain I
Seefried Adds Breathing Room to RiverPark
Midwest     Print Full Region
JV Gets Cleanup Funds for $320M Retail Site
Hospital To Build $235M Tower for DuPage
First Industrial Fully Leases 308,048-SF Site
ML Realty Sites $200M, 228-Acre Business Park
Liberty To Open First Two at 30-Acre Biz Park
DP Completes Third Building in $200M Park
Jupiter Begins Construction on $157M Apt
Konover Leads in 500,000-SF Mall Demo, Redo
Marquette Holdings Adds RJM Construction
Affiliated Breaks Ground on Third $99M Center
West Coast     Print Full Region
1,900-Unit Trinity Place on the Rise
Unique Coastal Market Adjusts Expectations
School District Adding to Teacher Housing Supply
One New Hotel, One Makeover Total $60M
Foreign, Local Buyers Pay $50M for 187,000 SF
Transit-Oriented Retail Takes Center Stage
Panel: Retail Still Faces Ripple Effect
Linneman: Growth Can Still Occur in Downturn
Patriot Center Starts With $60M in Financing
Developer Lists Klondike Site for Sale at $191M
Southeast     Print Full Region
Wilder Moves Ahead with $475M MXD
Villas Under Way at $350M MXD
CityPlace Tower Soars
Prime Outlets Continuing Regional Push
New Dawn Secures $96.7M MF Loan
Opus South Plans MXD in North GA
Hotel Indigo Adds to Chain’s Flagship
Around The Globe     Print Full Region
ING Wins Three in France for $136M Off Market
Gale JV, LIG Consortium Plan Songdo IBD Offices
Pandox Buys Hyatt From Ashford REIT for $58M
Colliers Opens Office, Predicts Retail Growth
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: MGM Mirage’s Cindy Ortega


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