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Top Stories for the Week of May 29, 2007
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Morgan Stanley Takes Crescent in $6.5B Play
FORT WORTH-A $22.80-per-share offer from Morgan Stanley Real Estate ends speculation about Crescent Real Estate Equities' future. As the REIT goes private, the market reacts.

Blackstone Could Make $7.75B on Share Sale
NEW YORK CITY-In conjunction with the IPO, Blackstone agrees to sell $3 billion of non-voting units to a Chinese firm.

NNN, Grubb & Ellis Strike Merger Accord
CHICAGO-NNN founder and chairman Anthony W. Thompson will become chairman of the board of the new company, which will retain the name Grubb & Ellis.

WTC Insurance Battles End With $2B Silverstein Win
NEW YORK CITY-Legal wranglings that began within a month of Sept. 11 are now over. Gov. Spitzer calls the settlement the 'last major barrier' to rebuilding.

Fremont General Sells Loan Unit for $2B
SANTA MONICA, CA-The company agrees to sell its commercial real estate lending business to New York City-based iStar Financial Inc.

Koll, Rosewood Eye 103 Acres for BTS Lease Plan
DALLAS-Rosewood dips into its land bank for Koll to court corporate America for campus-type space in three cities. Up 1.5 million sf could rise.

Plise Planning $2B Mini-City in Henderson
LAS VEGAS-The phased 126-acre project will consist of 600,000 sf of retail, one million sf of office, a boutique hotel and 2,500 units. The first phase is slated to open in 2009.

Vornado Completes $1.8B Purchase
NEWARK–The REIT now holds a 70% interest in 1290 Avenue of the Americas in New York City and 555 California St. in San Francisco.

Tracinda Corp. Eyes Bellagio, CityCenter
LAS VEGAS-Kirk Kerkorian’s investment arm will attempt to acquire the properties from MGM Mirage Inc. and also will pursue strategic alternatives related to its 56% stake in the company.

First Hartford Realty Plans 1M-SF-Plus Retail
EDINBURG, TX-The two-year landowner puts 130 acres to work in an $80-million plan for a 455,000-sf lifestyle center and 700,000-sf power center.

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Regional Coverage
Northeast     Print Full Region
Merlin Closes $1.9B Tussauds Buy
ING Clarion Closes $877M Acquisition
Conroy Makes Plans for $700M MXD Project
Lehman Brothers Takes 400,000 SF From Time
Fillmore, Genesis Trade Barbs About Bids
Madison Marquette Closes on $500M Fund
EEOC Inks 144,000-SF Lease in NoMA
Bonaventure Plans $200M Acquisition Spree
Mortgage Associations Dispute Subprime Remedies
M Street Office Trades for $152M
Southwest     Print Full Region
Crescent, Walton TCC Begin Closing $620M Deal
Ernst & Young Ink 10-Year Deal for 150,000 SF
Vazza Eyes $100M Mixed-Use for 45-Acre Tract
Stream Adds 1M SF Plus to Leasing War Chest
Healthcare REIT Snags 110,000-SF Office Complex
520,000-SF Spec Jump-Starts 327-Acre Park
California Buyer Bests 17 Others for 360 Units
29-Acre Assembly Sets Resale Plan Into Motion
S-J Picks Up Nearly $41M From One-Year Hold
Post-Merger Consolidation Sparks $10M Project
Midwest     Print Full Region
Grubb Name Too Popular to Drop, Says New CEO
Callahan To Talk Trizec, EOP
JV Looks to Acquire $1B in Retail Properties
TCB Plans 575,000-SF Spec Industrial Building
EQR Sells Apartment Complexes for $73M
Metcalf Buys Building for $33M, Delphi Leases
West Coast     Print Full Region
Boyd JV Unveils $500M Retail Development
MGM Closes $444M North Strip Land Buy
Maguire Sells Three EOP Assets for $310M
Liquid Realty Invests in $286M Hotel Portfolio
Piers 27-31 Now Seen as Cruise Ship Terminal
$182M Refi Fuels Everest's $210M MXD Project
JC Penney Plans 436,000-SF Logistics Center
Southeast     Print Full Region
Colonial Plans Fall Start for 900,000-SF Center
Apollo, Rida JV Starts $380M Hilton Hotel
Jobs, Population Growth Spur Current Market
$176M Funds Condo Hotel at Icon Brickell
$110M Pays Down Debt on 850,000-SF Asset
BAP Retains Site, Plans Mixed-Use Development
Duke Hangs No Vacancy Sign on 146,009-SF Asset
Highwoods Rings Lake Eola With $40M Buy
Around The Globe     Print Full Region
MGM To Anchor 200,000-SF Lifestyle Center
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Wells' Jess Jarratt


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