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	Top Stories for the Week of May 14, 2007	Print Full Issue
	Click Here For Regional Coverage PNC Financial To Acquire ARCS Mortgage CALABASAS HILLS, CA-Says ARCS founder and CEO: 'The future of this business is in the hands of larger, well-capitalized major corporations.' $1B Green MXD Project To Grow From Brownfield YONKERS-At a 16-acre waterfront site here currently being cleaned of contaminants, a locally based developer intends to submit plans soon. Fortress To Take Flagler Owner Private for $3.5B JACKSONVILLE, FL-Locally based Florida East Coast Industries will further discuss the deal during its first quarter earnings call tomorrow. The transaction is slated to close in the third quarter. Hooters Hotel-Casino Sale Set for October LAS VEGAS-The seller and the buyer sign a definitive agreement for the $95-million sale of the former San Remo property and the temporary leaseback of its casino operations. Chicago Spire Receives Final City Approval CHICAGO-Shelbourne Development Group Inc. is set to begin construction on the 2,000-foot-tall residential tower, with a cost expected to top $1.2 billion. Sematech Agrees to $600M Expansion Plan ALBANY-Thanks to a promised $300 million in state incentives, Sematech plans to expand its semiconductor research and development operations here. Real Estate Media Names New Editor NEW YORK CITY-Paul Bubny has been appointed the editor of Real Estate New York magazine. ThyssenKrupp Selects Alabama for $3.7B Plant MOBILE, AL-The manufacturing giant takes Mobile over a St. James Parrish, LA site for the largest private industrial project in the US. Cappelli Plans Nearly 2M-SF Office Complex WHITE PLAINS-Calling it his “billion-dollar baby,” developer Louis Cappelli has a plan to build 1.5 million sf of office space in three towers. War of Words Precedes Riviera Board Vote LAS VEGAS-Referring to the company he leads as a henhouse, Riviera Holdings chairman William Westerman this week told shareholders of the public casino operator to retain the current board of directors in an upcoming vote and not let in “the fox.” Crescent's $2B Asset Disposition On Track FORT WORTH-Contracts are in hand for 3.1 million sf of Dallas office, more in Austin and all hotels. Resort residential is coming to market soon. MTV Takes 400,000 SF in Hudson Square NEW YORK CITY-The entertainment company will occupy eight floors at 345 Hudson St., relocating employees from several Midtown locations. NNN Realty Advisors Files for $423M IPO SANTA ANA, CA-The locally based commercial real estate asset management and services firm filed for the initial public offering late Monday. Print Top Stories

Regional Coverage
Northeast     Print Full Region • UrbanAmerica Sheds 3535 Market St. for $111M • 19-Story Vacant Building Trades for $80M • JLL Hires NYC Team From C&W • Flatley Co. Selling Portfolio to KS Partners • ICG Recaps $100M DC Portfolio, Eyes Development • Atlantic Yards Project To Get Ombudsperson • REM's New Florida Mag Assembles Advisory Board • Monitor Group Renews 195,000-SF Lease • NJIT Plans Four-Block Gateway Initiative • BPG Puts 1,800-Unit Portfolio Up for Sale • Hampton Beachfront Could Go for $120M • C&W, PPR Form Research Alliance • JBG Cos. Hopeful FAA Will Approve Central Place • Law Firm Signs 44,000-SF HQ Lease	Southwest     Print Full Region • Transcontinental Buys High-Profile 40-Acre Site • JLL Snatches Top Leasing Teams From CBRE Camp • Crown West Sells 112,800-SF Flex Industrial • Canyon-Johnson Backs $250M Austin CBD Plan • $400M Multifamily Portfolio Comes to Market • CBRE Wins Face-Off for Baylor's 10M-SF Pact • FelCor's Early Returns Show Double-Digit Growth • 706,981-SF Industrial Portfolio Corners $72M • A&B Valve Moves HQ, Operations From Louisiana • 968-Unit Portfolio Strikes Rare Sales Chord
Midwest     Print Full Region • Opus Plans Almost 900,000 SF at Two Sites • Chieftain Gets Funding to Build $110M Condos • Financials Get OK for $82M Hotel Restoration • SLC Buys Wellstone Retirement Portfolio • Covington Buys More Than 900,000 SF of Retail • Equis Runs Massive Office Space Hunt for GSA • Griffin Purchases Office Buildings for $58M • Welsh Buys Office, Industrial for $45M Funds	West Coast     Print Full Region • SNK Taps MacFarlane for $170M Apartment Project • ProLogis Leases 290,000 SF to Oakley • Behringer Closes on $70M Tech Center Acquisition • New Value-Add Fund Closes First Purchase • Three Brewery Blocks For Sale, If Price is Right • 250-Unit Complex Goes to Essex Property Trust • ProLogis Acquires Former Mobile Home Park • Macerich Focuses on Development Pipeline • Middle Eastern Investors Buy Office-Lab Building • $41M Bidder Eyes Queen's Seaport • Airport Area Offices Command $36M
Southeast     Print Full Region • Key International Eying $206M Condo Project Start • Equity Inns Grows Portfolio With $114M Deal • Fed Partners Gets $96M to Construct GSA Build-to-Suits • $100M Redevelopment To Give Rise to W Hotel • Eola Capital Buys 356,000-SF Office for $91M • $102M Funds Development of Ocala Retail Center • Cordish-ISC JV Reviews $250M Speedway Plan • Interstate Grows Wholly Owned With $74M Buy • Sky Pencils Groundbreaking for $40M Office Project	Around The Globe     Print Full Region • Doughty Hanson Reaps $251M in Finland Sale • Koll, Starwood Land $130M Construction Loan • Behringer, Staubach Team on Mixed-Use Resort • Hilton To Manage Two China Hotels • Swedish Retail Portfolio Sells for $74M • Alexandria, Scots Partner on 100-Acre Complex
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