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Top Stories for the Week of June 30, 2008
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Sheikh Unveils $60B New City Project
DUBAI, UAE-The Mohammed Bin Rashid Gardens development will have more than 800 million sf of residential, commercial and public buildings around imported canals.

Supreme Court Rejects $4B Project Petition
BROOKLYN, NY-The plaintiffs now intend to pursue the eminent domain challenge in state court under New York State law for Forest City's proposed $4-billion Atlantic Yards project.

Trump Says Units Worth More Than $3B at Tower
PALM JUMEIRAH, DUBAI-The New York City-based developer is partnering with Nakheel to reportedly spend $1.1 billion to build a 62-story residential/hotel property.

KBS Capital Closes $2B Nontraded REIT
NEWPORT BEACH, CA-KBS Capital Advisors closes its first nontraded REIT after raising $1.67 billion from 42,000 investors and acquiring more than $2.1 billion in assets.

$1.2B Real Estate Fund Reopens to Investors
HOUSTON-Invesco Aim Advisors ends its real estate fund's three-year run as a limited offering. The fund reopens July 21 to all investors.

Authority To Examine $1.1B Revenue for Arena
LOUISVILLE-The Louisville Arena Authority is about to issue $360 million in bonds to pay for the 22,000-seat project Downtown. Construction is planned to start in August.

State Agreement Seals $1B Catskills Project
ALBANY-The revitalization project is now on track after the State agreed on a tax rate revenue modification for the combined racetrack and casino at Monticello Raceway.

Yonkers To Get $900M MXD Project
YONKERS-Locally based Homes for America Holdings Inc. dusts off its Point Street Landing project to be built on 14.6 acres of waterfront property here.

Commission Approves Height for $1B Towers
CHICAGO-Sales on Grant Park Tower Three, a 73-story tower with a height of 790 feet, are expected to begin next year.

Transit Sites Seen as Downturn Opportunities
WASHINGTON, DC-Panelists see upside in that sector but not many others during the Transwestern/Real Estate Forum Twelfth Institutional Investor Symposium.

TCC Moves Forward With $550M MXD Project
FORT MEADE, MD-The 1.7-million-sf office park, which will be called Fort Meade Technology Center, is being developed under the Enhanced Use Lease at the army base.

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Regional Coverage
Northeast     Print Full Region
NFL Stadium Picks Up Two Naming Sponsors
SVN Opens Office, $300M in Pipeline
Dynamic Tower Furthers Building Innovation
Shorenstein Buys $250M Mezz Office Package
New Crane Requirements To Advance Safety
Convention Center Is Going Solar
453,000-SF Office Portfolio Hits Market
Dranoff Breaks Ground on Green Rental
BRA Board Approves Slew of Projects
400,000-SF Office Wins Gold LEED
Quebecor World Leases 239,000 SF
Mayor Praises Brownfield Reform Accord
Southwest     Print Full Region
KanAm Passes RadioShack HQ to College for $238M
Unsolicited Offer Wins 503,500-SF Portfolio
SunCor Jump-Starts Plan for 250,000-SF Tower
Ridge's $130M-Plus Park Nabs Dallas Council OK
Caterpillar's CRE Shifts Add 750,000 SF in Waco
Cobalt REIT II Picks Up 342,845 SF in Two Deals
Cannon Commercial Takes 160,172-SF CBD Office
Apollo Investing $102M Into Lincoln Centre Buy
Brandt Engineering Buys 118,250-SF HQ Building
SDI Realty Buys 20 Acres for Redevelopment Play
KPMG, Sundance Square Work Out 10-Year Pact
103,500-SF Plaza del Oro Ready to Break Ground
Midwest     Print Full Region
Harrison Street Raises $240M for $1B+ Fund
Expert: Zell Could Get Over $200M For Trib Tower
Lifestyle Center to Replace 1M-SF Universal Mall
Urban R2 Gets Loan for $100M Condo High Rise
Panels Tackle Practical Aspects of Going Green
Chelsea To Start on $100M Cincinnati Outlet
P&G Signs 1M-SF Lease for WH/Distribution
Gordon Food Buys Site for 575,000-SF Center
BOMA Makes Business Case for Green
Baby Boomers, Entitlements Fuel Walgreens Growth
Cornerstone Expects Apt Sale in Upper $50M
West Coast     Print Full Region
$370M One Sansome Sale Closing in August
Hines Project Gains Silver LEED Certification
Fasthold Raises $300 Million for Asset Acquisition
City Selects Team for Downtown Redevelopment
Tishman Speyer Starts 325,000 SF at Playa Vista
Aliante Station Unveiling Set for November
Huntington Memorial Completes $170M Tower
120,000 SF Office, Retail Projects Near Completion
Hooters Hotel-Casino Owner to Mull Over Options
Brokerage Sells Stake, Joins Chase Intl.
Watson Land Co. Gains 300,000 of Industrial Tenants
Southeast     Print Full Region
MS Affordable Housing Earns $350M HUD Nod
JLL Gets Massive Retail Assignment
Investigation Continues Into Walsh’s Death
Diamondhead Casino Cuts New Deal for Casino JV
Lane Buys Midtown Apartment High-Rise
Around The Globe     Print Full Region
$200M 1 Hotel To Anchor $650M Wyndansea Resort
Hilton Plans $200M Hotel, Condos
CBRE Buys Tempest Management
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: North River’s Kaye
Commentary: Maidman and Mittelman's Jackson


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