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Top Stories for the Week of June 11, 2007
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$4B Fuels Build for Fontainebleau Resorts
LAS VEGAS-The financing will be used in part to pay for the construction Fontainebleau Las Vegas across the Strip from the Circus Circus resort.

Cappelli Shelves $1B Office Project
WHITE PLAINS-After receiving strong opposition developer Louis Cappelli shelves his Station Square 1.5-million-sf office tower project proposal.

FCRC Wins Major Battle for Atlantic Yards
BROOKLYN, NY-Residents and business owners who filed the lawsuit plan to appeal in an attempt to keep their property.

Peebles Buys Land for $1.6B Non-Gaming Resort
LAS VEGAS-Developer Don Peebles pays $65 million for a 16-acre site near the Strip that is entitled for a 4.5 million-sf non-gaming resort anchored by four 55-story towers.

JV, Blackstone Complete $1.1B Office Deal
AUSTIN-Thomas Properties, CalSTRS and Lehman Brothers cross the finish line for 3.5 million sf of class A buildings in the CBD and northwestern tier.

Principal's New Debt Fund Packs $1B-Plus Punch
DES MOINES-Principal's first commingled debt fund, with a three-year shelf life, targets value-added CRE loans, including bridge and subordinated debt.

Lexington Eyes $1.2B Disposition Program
NEW YORK CITY-The plan includes $350 million of retail properties, most of which the locally based REIT acquired through its Newkirk merger.

Rreef America Planning 8M-SF Industrial Sale
DALLAS-The marketing begins before the week ends for a 12-metro portfolio with 280 tenants and an NOI project to top $48 million within two years.

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Regional Coverage
Northeast     Print Full Region
In Record Deal, $210M Moves Sun Campus
Panelists: Market Strong Despite Flight to PA
Ground Breaks on Phase Three of $500M Project
Vornado Exec Predicts Toys Play Soon
$300M Launches Global Resort Venture
315 Park Ave. Closes at North of $265M
Starwood Plans to Open 80 New Hotels in ‘07
Washington Property Plans $100M Twin Offices
National Realty To Build $150M Project
WP Sells Six-Center Portfolio for $117M
$103M Land Grab Keeps Canon in Long Island
Southwest     Print Full Region
Bethany Group Investing $478M Into Phoenix Plan
West Coast Private REIT Seals $350M Refinance
Brookfield Takes Over 844,207-SF Total Plaza
Hines Buys 414,338-SF Return Ticket to Austin
Roadmap Emerges for North America Trade Route
Lees Mayfield Advances $200M Mixed-Use Plan
KTR Capital Details $60M Plan for 1M-SF Inroad
HealthSouth, TCC Strike $60M Deal for HQ Campus
ProLogis Buys 78 Acres for $70M Industrial Park
Midwest     Print Full Region
Panelists: Chicago Is 'Tale of Two Cities'
Olympics Win Could Bring $2B of CRE Projects
JV To Buy $150M in Single-Tenant Assets
Strategic Hotels and Singapore Form $450M JV
Kraft Signs With ProLogis for 800,000 SF on I-80
Work To Start on $100M Multifamily Phase Two
JLL Acquires Project Manager KHK Group
West Coast     Print Full Region
Patience Is Key for Players Seeking Local Buys
AEG Begins $900M Downtown Hotel
Pinnacle Prices $385M in Senior Notes
TMG Sells EmeryBay Campus to PREI, Harvest
SCI Acquires 865 Units of Student Housing
CIM Group JV Buys Pair of Downtown Hotels
ZKS, AEW Buy Edgewater From Broadreach, Simeon
Acxiom Relocates, Expands HQ in 52,000-SF Deal
World Jewelry Center Interest on Pace
Southeast     Print Full Region
537-Acre Buy Fuels First Industrial Development
$45M Loan Moves $1.2B Palazzo Del Lago Forward
Simpson Eyes Condos for 230,012-SF Historic Site
$77M Financing Pushes 620,000-SF Office Trade
$58M Marriott Buy Fuels $65M Renovation Plan
Dayco Breaks Ground for 210,000-SF Office Condo
MHI Corp. To Acquire 311-Room Hotel for $74M
Mainstreet Flips 126,709-SF Office for $34M
Highwoods To Develop 50,000-SF BTS for FAA
Around The Globe     Print Full Region
GE Makes $2.4B Play in East, Central Canada
AMB Preleases 470,000-SF Industrial Center
ING Clarion Adds to Global Research Team
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Ron Somers of US/India
Commentary: Have We Peaked Without Knowing It?


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