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Top Stories for the Week of February 25, 2008
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GM Building Bids Reportedly Top $3B
NEW YORK CITY-Reports say bids top the $3-billion mark. GlobeSt.com sources previously predicted this figure for Macklowe's 767 Fifth Ave. property here.

Equity’s Fund May Yield $1.5B in Property
CHICAGO-Equity International’s fourth fund will invest in real estate-related companies in areas such as Mexico, Brazil, Egypt, India and China.

Opus West Starts First SoCal Green Project
IRVINE, CA-The developer begins work on its first LEED-certified project in Southern California, the 158,000-sf Horizon Tech Center.

Icahn Closes $1.2B Sale of AREP Casinos, Land
LAS VEGAS-The sale includes the Stratosphere casino resort on the Las Vegas Strip and surrounding acreage, two off-Strip hotel-casinos and a casino resort in Laughlin, NV.

Palms, Trump 'Condotels' Prepare to Open
LAS VEGAS-Palms Place opens at the end of the month and the Trump International Hotel & Tower opens at the end of March. Seven are slated to come on line in 2009.

Alter Buys Land for $400M-Plus Hotel Project
CHICAGO-The hotel development planned for near McCormick Place would have two towers that would have approximately 1,500 rooms.

IDI’s 257-Acre Land Buy Sparks 3M-SF Project
MACON, GA-IDI expects to begin site work immediately on the industrial project with construction of the first 500,000-sf building to begin in Q3.

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Regional Coverage
Northeast     Print Full Region
Pepsi, Xanadu Sign $100M Naming-Rights Deal
Forest City Proposes $450M Waterfront Project
Archstone Multifamily Portfolio On Block
Piedmont Extends State's 480,708-SF Lease
222,000-SF Medical Center Breaks Ground
Hudson Yards Site Hits Market
APC Prompts Expansion of ProLogis Facility
Southwest     Print Full Region
Granite Puts 261,993-SF Preston Plaza on Market
$410M Cobalt REIT II Builds In Development
30-Story Tower, Museum To Rise on CBD Block
Abengoa Solar Lines Up 2,000 Acres for Plant
153,200 SF of BTS, Spec Start at ProLogis Park
Tidan Pays Nearly $32M for Another 308 Units
Midwest     Print Full Region
Triple Net Could Get $150M for Office Site
Heitman Buys 2M-SF Portfolio from Panattoni
Lionstone, Sansone and Equis Start $150M MXD
United Transfers Services to NorthMarq Name
U of M Buys Land for Future Health Facility
Institute Planning 60,000-SF Medical Building
West Coast     Print Full Region
Western National Closes $200M Multifamily Fund
$115M Buys 415,000-SF Office, R&D Park
Safeway Rolling Out New Concept
New Urban Buys Trio of Historic Buildings
Birtcher JV Acquires 608,000 SF for $68M
Historic Old Town Plaza Trades for $32M
Southeast     Print Full Region
Harman Consumer Group Inks 305,000-SF Lease
ECI Adds 400 Units to Holdings With $32M Buy
KBS Eyes $250M in Southeast Acquisitions in ‘08
Mobis Parts America To Build 400,000-SF HQ
244,176-SF Dadeland Towers North Trades for $41M
Laramar Acquires 694 Units in Value-Add Play
Around The Globe     Print Full Region
JV To Develop, Invest in Hotels in India
23 Fletcher Hotels On the Block
Blackstone To Invest $60M in Allcargo
GE Real Estate Aids in $50M Studio Refi
CBRE Acquires Danish Firm for $43M
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: E&Y's Mike Fishbin
Commentary: JLL's Beth Hayden--Part II


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