Member Log In: E-mail Address Password Remember me on this computer

	Top Stories for the Week of April 23, 2007	Print Full Issue
	Click Here For Regional Coverage Maryland’s Green Building Tax Credit Extension Fails ANNAPOLIS, MD-The state legislature passes a bill to create a green building council but it is not a financial incentive. Tallest Tower Wins Plan Commission Approval CHICAGO-The commission approved the design for the billion-dollar Chicago Spire, at 400 N. Lake Shore Dr.; now the plan goes to the city council. Demolition To Go Forward for Atlantic Yards BROOKLYN, NY-After an attempt to block the pending demolition of several buildings FCRC can move forward with the wrecking ball. Lightstone Buys Extended Stay for $8B LAKEWOOD, NJ-Lightstone makes its first hotel buy a big one, picking up 683 properties from affiliates of Blackstone Group. $6B Centro, New Plan Merger Closes NEW YORK CITY-With the merger, Centro takes the locally based New Plan’s 467-center portfolio. Sunrise Gives Nod for C$2.3B Takeover TORONTO-Shareholders approve the $2.3-billion sale during a special Thursday meeting, concluding a contentious battle that began in January. Apollo To Acquire Innkeepers in $1.5B Transaction PALM BEACH, FL-The deal for the locally based hospitality REIT equals $17.75 per share. $330M Hospital Plan Progresses MIDDLETOWN, NY-Officials with Orange Regional Medical Center say they are still on target with a November groundbreaking for a new $330-million hospital here. Inland Buys Portfolios for More Than $313M OAK BROOK, IL-Inland Real Estate Trust Inc. is acquiring a 1.5-million-sf retail portfolio for $256.6 million and a 2.3-million-sf industrial portfolio for $56.6 million. Speakers Warn Against Unbridled Enthusiasm PHILADELPHIA-While a majority of speakers express cautious optimism, some see storm clouds brewing, nowhere more than in the over-supply of Center City condos. Brandywine Takes All of 1M-SF Portfolio RADNOR, PA-The REIT pays $63.5 million to acquire the remaining 49% of a portfolio assembled in joint venture between Prentiss and Stichting Pensioenfonds ABP. Wells REIT Opens Door to Public Listing NORCROSS, GA-Wells REIT internalizes its management and could begin listing shares on a national exchange in a move approved by stockholders. Cousins Properties Elects DuPree President, COO ATLANTA-Daniel DuPree has been serving as vice chairman since March 2003. Print Top Stories

Regional Coverage
Northeast     Print Full Region • $600M Catskill Casino Project May Go Green • Utility Proposes $100M Solar Initiative • GMH Raises $56M Through JV With Fidelity • Visiting Nurse System Relocates, Expands HQ • CapLease Closes $364M Acquisition • Newmark Knight Frank Acquires Gale GFS • SL Green Restructures Management Team • Law Firm Signs Long-Term 50,000-SF Lease • Capitol Plaza I Trades for $95M • 2 Herald Square Fee Interest Sells for $225M • Solar Energy Firm Pencils $70M HQ, Plant • AFR Fills Major Hole With 116,000-SF Lease • Venable Names Head of NY Real Estate Group • Genesis Urges Shareholder Vote for Buy-Out	Southwest     Print Full Region • JV Forges Ahead on $1.5B Mixed-Use • Hunter Grabs 81 Acres of Ready-to-Go Dirt • $32M-Plus Bid Takes 322-Unit Class A Complex • 44-Acre Off-Market Buy To Go for MXD • $160M Plan Surfaces for World Trade Center • JV Clears Last Hurdle for $73M Office Trade • JC Penney Heads for Herald Square in NYC • 400,000-SF Business Park Gets Under Way • Off-Market Talks Bed Down 270-Unit Complex • $52M Office Sale Raises Bar in Scottsdale • Behringer Harvard Seeding $50M Greystar Plan
Midwest     Print Full Region • Defense Contractor Signs for New HQ Building • Gibraltar Asks $170M for Nine Apartments • Hospital Leases 150,000 SF at Time-Life • Fifield, Partner Eye $400M in Multifamily Builds • JV Buys Northstar for $62M, Will Boost Leases • Twelve Oaks Mall To Expand by 300,000 SF • Hamilton Takes Out $26M Loan, Plans Tower • Musician’s Friend Expands Into 702,000 SF • Quarry Buys Plant, Has 989 Acres to Sell • Alter Division To Help Companies Own Offices • JV Buys Brookdale Apartment Complex for $29M • Google Inc. Leases in Downtown Birmingham	West Coast     Print Full Region • Planet Hollywood Details Its New Casino Resort • Bixby Pays $345M for Maguire EOP Assets • $300M Centennial Towers Development Under Way • AG, Sabey Close $91M Sale-Leaseback Deal • GSA Mulls Options for Federal Building • Australia’s PBL Invests $250M in Fontainebleau • Twin Seaport Assets Flip for $240M Plus • Shorenstein Set to Break Ground in Portland • $90M Passco JV Targets Self-Storage Market • JLL Lands Leasing, Management of 1M SF • Related Begins Luxury Condo Tower • Crescent Sells Exchange Building for $81M • $3B Cosmopolitan Cracks the Surface • CBD Office Investment Plan Tops $50M
Southeast     Print Full Region • Restaurant Chain Signs 205,000-SF BTS Lease • Mixed-Use Development Rising on 20 Acres • Wholesaler Signs On for 150,000 SF in New Facility • Duke Moves Forward With 187,513-SF Spec Project • CBRE Takes Leasing Reins for 1M SF of MXD • Winthrop, Sealy Partner on $87M Industrial Buy • Office Tenants Should Have Hurricane Plan Ready	Around The Globe     Print Full Region • Istithmar Unveils Plans for Koh Samui W Hotel • ProLogis Lands Second Project in Hiroshima • GE Real Estate, GraceMark Make UK Buy
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: NMHC's Doug Bibby