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Top Stories for the Week of February 4, 2008
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Macklowe May Relinquish Seven-Asset Control
NEW YORK CITY-Harry Macklowe reaches a tentative deal to turn over his Manhattan portfolio to Deutsche Bank, according to reports.

Castlehorn Moves Closer to New $1.8B Town
DUBLIN-The development company unveils plan for Adamstown, a 1.7-million-sf, master-planned town center and seeks government approvals.

UDR Selling 86 Apartment Assets for $1.7B
DENVER-The multifamily REIT also announces a major increase to its stock buy-back program and a 'realignment' that will bring its back-office operations here from Virginia.

Landry’s Gets $1.3B Buyout Offer From Exec
HOUSTON-The company’s chairman and CEO is making a $23.50-per-share play for the 39% of it he doesn’t own.

Trop, Bader Field Casino Proposals Heat Up
ATLANTIC CITY-There’s a new, larger offer on the table for the Trop, and a major contender has emerged for the Bader Field redevelopment.

First-Time Industrial JV Opens With $600M Plan
DALLAS-Sealy gets CalSTRS' nod for an initial $210 million of equity to buy or build in the Southwest, Southeast and South-Central US. Principal Real Estate is the fund manager.

Tony Thompson Exits Grubb & Ellis
SANTA ANA, CA-The tenant-in-common pioneer resigns his post as chairman of Grubb & Ellis. He tells GlobeSt.com that he will remain active in real estate.

Spitzer: NYC Transit Projects 'Must Get Done'
NEW YORK CITY-The governor tells the NY Building Congress funding is a hurdle that has to be surmounted.

Codman, Newmark Confirm Merger Plan
BOSTON-The deal--news that GlobeSt.com broke yesterday-- brings Newmark 'much nearer' to being a dominant force in Massachusetts, says Barry Gosin.

Silverstein, Four Seasons Team for Downtown Hotel
NEW YORK CITY-Moody’s former headquarters at 99 Church St. will become a hotel and condo development. It will be the tallest residential building Downtown when complete.

Correction Noted, Say Panelists--and Overdue
LOS ANGELES-Activity is a good thing, gathered lodging experts conclude. But if the deals getting done don't pencil out...

Edge Issues Will Fuel LI’s Comeback
OLD WESTBURY, NY-Flat job, income and population growth are strangling Long Island. But the Empire State Development Corp. says help is on the way.

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Regional Coverage
Northeast     Print Full Region
Savanna Investment Closes $313M Fund
Duball Launches $300M Land Fund
Paramount JV Closes on $160M Acquisition
PSEG Plans $150M Plant Expansion
$129M Refi Replaces Current Credit Line
Fed Cuts Rate Second Time This Month
$102M Stadium Expansion Gets OK
Transit Village Carries $100M Price Tag
Duke Buys Shuttered GM Assembly Plant
Colliers Brand Emerges Again in Boston
DC’s Great Streets Corridors Gets $95M
Hampshire Recapitalizes 4M-SF Portfolio
KTR Picks Up 1M-SF Industrial
Southwest     Print Full Region
Hillwood's $210M Project Ties 150 Acres to BNSF
$200M Watters Creek Adds 15 to Retail Roster
Ardent, Post Start Work on $125M Condo Tower
ULI's Hudnut Shows Way to 21st Century Success
Peloton Partners Lay Out 511,000-SF Office Plan
TIAA-CREF Beds Down 415,000-SF Renewal
St. Luke's Buys 56 Acres in Northwest, Far West
$85M Construction Loan Clears for Office Tower
Legacy, CalPERS Starting $75M Residential Tower
LBA Realty Wagers $73M on 1M-SF-Plus Westside
Berkshire Group Scores Win for 688-Unit Deal
Duke Pencils 218,400-SF Office Plan on New Site
Midwest     Print Full Region
Ferchill Pins October as $180M Opening Date
Zell Sells Studio to Buy $175M in Property
New Duke Buy Includes $140M Build Project
DBA Unveils Plans for $100M Seniors Housing
SpeedFC, Menlo Lease More Than 300,000 SF
ABR, Sydney Buy Second Site in $70M Fund Plan
Opus Gains Approval for $63M Office Buildings
Jewel Signs New HQ Lease for Nearly 98,000 SF
Chicago Bridge Signs On for 60,000-SF Office
Clayco Names New President, 2008 Direction
LS Commercial Seeks 2M-SF Warehouse Approval
Alter Plans $45M Student Housing Downtown
West Coast     Print Full Region
Phoenix Closes $470M in Work Force Funds
Digital Realty Prices Public Offering
Digital Realty Commences $300M Public Offering
Water Garden Replaces Loan in $230M Deal
GLL Brings Investor in on 199 Fremont St.
Commission Clears Owner to Run Hard Rock Casino
AAA Sells 600,000-SF HQ Complex for $120M
Mezz Lender Takes Over Newport Lofts
DT Group Buys 792 Units via $51M Financing
Cornerstone Buys Office Project for $49M
International Fund Buys Office Project for $44M
World Market Gains Approvals for Next Asset
Irvine Co. Lands 138,000-SF Nordstrom
Southeast     Print Full Region
Taylor Development Eyes April Start for $120M MXD
Law Firm Targets Israeli Interest in Southeast
Five-Property, 347,478-SF Retail Portfolio Sells
Metzler Buys Out Partner in One Buckhead for $52M
Morris Affiliate Buys 139,380-SF Retail for $40M
Ceramic Protection Takes 149,590 SF at Tech Park
Duke Sets April Start for 120,000-SF Spec Office
Around The Globe     Print Full Region
Sea of Cortez Parcel on Block for $100M
CPP Investment Buys $64M Stake in Tower
Trikona To Create 76-Acre Mixed-Use Park
Polish Market Active With Recent Sales
Beachfront Baja Parcel Hits Auction Block
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Doug Callantine of Grosvenor US
Commentary: Grubb's Robert Bach


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