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	Top Stories for the Week of December 18, 2006	Print Full Issue
	Click Here For Regional Coverage $4B Atlantic Yards Gets Prelim Approval BROOKLYN, NY-The Empire State Development Corp. approves the General Project Plan and use of eminent domain, despite concern from some community groups that the plans are rushed. Pacific Shores Center Sale Tops $825M REDWOOD CITY, CA-The 1.7-million-sf class A office campus on San Francisco Bay went on the market in September, a few months after PDL Biopharma signed a long-term lease for more than 25% of the campus. Younan Loses Hancock Bid With Higher Price CHICAGO-The Los Angeles-based firm says it would have paid $390 million for John Hancock Center’s office and retail space, $5 million more than the recent deal. Convention Center Heads Okay $700M Expansion PHILADELPHIA-After eight years of wrangling, the Pennsylvania Convention Center Authority approves the design and budget for a 300,000-sf expansion. GPT Group Buys $438M Seniors Housing Portfolio SYDNEY-The portfolio consists of 1,982 units in 19 assets in Connecticut, Massachusetts and Rhode Island. Each property was constructed within the last eight years. Stolny Grad to Develop 5M-SF Mixed-Use Complex MOSCOW-The three-year development will include 1.8 million sf of office and 800,000 sf of retail. Design work is being handled by Swanke Hayden Connell Architects. Buchanan Partners Starts $1B Mixed-Use Project DULLES,VA-Phase 1 of the 400-acre project will include the 670,000-sf Retail Center. The entire project is expected to take between 10 and 20 years. MGM Mirage Gains 2nd Non-Gaming Resort Partner LAS VEGAS-On the heels of a partnership with the Abu Dhabi government, the locally based public company is negotiating another with the Diaoyutai State Guesthouse in Beijing. Corporate Woods Trades for Nearly $300M OVERLAND PARK, KS-Located at the junction of Interstate 435 and US 69, the 294-acre campus comprises 2.2 million sf and land for up to 1.1 million sf of future development. Genting Wins 2nd Singapore Casino Resort Contract SINGAPORE-The Malaysian company’s $2.98-billion plan includes 1,830 rooms in six hotels and a Universal Studios theme park. Vornado Closes on 350 Park Ave. NEW YORK CITY-The deal, made public a little over a month ago, closed today while also receiving $430 million, five-year financing. NYC Mayor Outlines Long-Term Growth Plan NEW YORK CITY-Bloomberg outlines the major areas that need attention if the city is going to excel come 2030. Housing concerns top his list. $2B Mixed Use Ready to Start Construction BRUNSWICK, GA-With the site now scraped, work will begin on the first phase of 2,200 condominiums in Liberty Harbor. Developer Eyes About 1M SF for South Dallas WILMER, TX-The plan calls for two distribution centers in the Sunridge park, relying on design differentials to set it apart from the competition. OH Logistics Leases 812,000-SF Facility PLAINFIELD, IN-The lease brings the third-party logistics provider’s local distribution platform to more than 2.6 million sf. Print Top Stories

Regional Coverage
Northeast     Print Full Region • $550M Earmarked for NYC Affordable Housing • $22M Loan Kicks Off $315M MXD Project • Industry Expresses Unrest Over Tax Extenders • DiamondRock Closes $238M Acquisition • Home Properties Closes on $252M Portfolio Sale • Kendall Square Gets $225M Residential Tower • PHA Begins $117M Affordable Housing Plan • Opus East Sells 471,000-SF Building • NLIHC: Cost of Affordable Rental Housing Rises Again • RAIT Shareholders OK Taberna Merger • Brandywine Names Equity One’s Sipzner CFO • Six Flags Could Sell Up To Nine Parks • Developer Completes 320-Acre Site Acquisition • Cedar Adds Six PA Centers for $94M Plus • Baltimore Portfolio Trades for $77M	Southwest     Print Full Region • Four Westlake Buyer Returns for Sister Asset • JV Ends Bank One Center Reign, Gets $216M • Two Long-Term Renewals Shore Up 288,476 SF • $145M Face Lift Planned for Boomtown Casino • Crescent Sells 414,792-SF Three Westlake • Westdale Asset Pockets 2,067-Unit Portfolio • Maguire, Sabre Finalize $80M Sale-Leaseback • Nippon Clears Six-Year, 80,000-SF Lease • Complex $76M-Plus Loans Back Portfolio Buy • Plans Surface for $60M Industrial Project • 324,569-SF Landmark Draws Close to $40M
Midwest     Print Full Region • US, Canadian Trusts Join For More Than $1B JV • Macquarie to Reduce Stake in Advisory Firm • Behringer Buys Interest in Historic Properties • Kellogg Renews Lease at 505,040-SF Warehouse • JLL Buys Western Australia Commercial Firm • Keystone Shops for 300,000-SF Chicago Oppty • Behringer Buys Fifth Third Center for $64M • REIT Buys O’Hare-Area Building From Tenant • JV Buys Self-Storage Properties in 5 States	West Coast     Print Full Region • MetLife Pays $260M for Full Deed to 425 Market • $300M Loan, Land Deal Keep MXD Project on Track • Hines Acquires Watergate Office Towers • Buchanan, RBC Seal CMBS Finance Deal • McKesson Renews for 258,000 SF at One Post • Irvine Co. Buys 473 Units for $173M • $55M Refinances Apartment Portfolio • $48M Refinances 512-Unit Complex • $43M Finances Acquisition of Retail Site
Southeast     Print Full Region • Board Agrees to $510M Mobile Home Park Sale • $216M in Financing Allows Condo Project To Begin • Riverfront West Gets $210M in Financing • Investor Buys 128 Acres for Future Development • 134,443-SF Office Building Trades for $30M	Around The Globe     Print Full Region • CBRE Acquires Two Australian Firms • Home Depot Buying Counterpart in China • GE Buys 18 Office Assets in Germany for $185M • Fund Buys 8 Warehouses in Japan for $136M • AMB Set to Begin $87M Build-to-Suit • Calloway REIT Closes on Retail Sites • $57M Finances Le Méridien Acquisition • Digital Realty Buys 352,000-SF Facility for $50M
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