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	Top Stories for the Week of June 25, 2007	Print Full Issue
	Click Here For Regional Coverage Blackstone IPO Launches at $4.13B NEW YORK CITY-The much-heralded IPO opens at the same time Blackstone’s $3 billion sale to China closes. Morgan Stanley Fund Carries $30B Buying Power NEW YORK CITY-The firm collects $8 billion of equity commitments from across North America, Europe, the Middle East and Asia. Pressman Replaces Pralle at GE Real Estate STAMFORD, CT-Details are still slim, but Pralle is said to have left to pursue other interests. Pressman moves from the post of Asset Management CEO. MGM, Kerzner Talking JV for North Strip Site LAS VEGAS-The two resort developers intend to form a JV to develop a multibillion resort on the land MGM recently acquired next to its Circus Circus property. Penn National Agrees to Sell for $8.9B WYOMISSING, PA-Equity investors affiliated with Fortress and Centerbridge offer $67 a share, a 31% premium, for the racetrack and casino operator. $4.8B Echelon Place Gets Under Way LAS VEGAS-Tuesday’s ground-breaking ceremony for the 5,000-room development included previously unseen renderings of the project by Boyd Gaming, Morgans Hotels Group. Brickman Plans to Shed 3M SF of Class A Assets NEW YORK CITY-The private equity firm is putting the bulk of its Real Estate Fund II on the block, insiders tell GlobeSt.com. The national sell-off could hit $1.5 billion. Locals Say $2.7B for Chicago EOP Makes Sense CHICAGO-Tishman Speyer Properties LP and GE Real Estate are buying the city and suburban portions of Blackstone’s 10.4-million-sf portfolio of EOP space, respectively. Equity Inns To Sell in $2.2B Transaction GERMANTOWN, TN-An affiliate of Whitehall Street Global Real Estate Limited Partnership 2007 will take the locally based REIT for $23 per share. $2B Acquisition Continues Arden Expansion LOS ANGELES-The company acquires 106 former CarrAmerica office buildings totaling 5.9 million sf from the Blackstone Group. $1.2B Apollo JV To Revitalize Warehouse District WASHINGTON, DC-Apollo is partnering with Sang Oh Development to build New Town at Capital City Market, a mixed-use development spread over a 24-acre site. Inland’s Investment to Yield $1B in Projects OAK BROOK, IL-Inland Institutional Capital Partners Corp. is investing in a subsidiary of Lauth Investment Properties LLC. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Broadway Partners Closes on $664M Purchase • Eastdil To Sell 1M-SF CrossPoint Park • PNC JV To Develop 350,000-SF Office • Riverhead Resorts Pitches $500M Project • JER-Alfa Capital Eye Russia With $321M Property Fund • United Technologies Keeps HQ at One Financial Plaza • SL Green Buys $108M Brooklyn Tower • Colliers ABR and AEW Flip Block for $182M • $270M Biomed Program Takes First Step • PCG Buys $250M in Hotels and Retail	Southwest     Print Full Region • Roger Staubach Revamps Firm's Corporate Ranks • Miller Group Amasses 2,000 Acres for MXD • Cinram's Wireless Inroad Drives 850,000-SF Plan • Aspen Group Starts Work on $100M Mixed-Use Plan • PPA Group Gets One More Deed for $100M Plan • Jackson-Shaw Eyeing JV Partners for $148M Plan • Amstar-Led JV Parts With 599,107-SF Esperson • CalSTRS Plans to Recoup Class AA Tag for 1M SF • Details Emerge for $69M Hotel Bookends in CBD • Trans-Trade, Duke Strike 10-Year Deal
Midwest     Print Full Region • Heitman Fund Targets $2B in Acquisitions • Pfizer Hires Firm To Sell 2M-SF Labs by 2009 • Air Force Seeks Developers for 670 Acres • Harp Secures Mezz Piece for $180M Project • Lagrange Designs $130M Hotel for Casino • ProLogis Buys 184 Acres for $120M Industrial Park • Harbor Buys 740-Unit Apt Complex for $61M	West Coast     Print Full Region • Tracinda Backs Off Bellagio, CityCenter • T REIT Plans Liquidating Trust to Close Books • Sabey Sells P-I Building to Legacy Partners • Downtown Land Sale Could Top $600M • Delayed Option Payment Ups Land Price to $475M • Sterling-Hines JV Buys 300 Capitol Mall for $130M • $103M Buys 896-Unit Apartment Complex • City Buys One South Van Ness for $71M
Southeast     Print Full Region • Hunt JV To Develop 1M-SF Research Center • Eola, St. Joe’s Finalize $278M Acquisition • Faison Slates Start Dates for $155M in Retail • Colony Takes Landmark Building for $82M • Partnership Acquires 300,000-SF Office Asset • First Industrial Acquires 833,000-SF Facility • JV Takes 384 Units for $69,000 Per Unit • Century Warehouse Leases 157,600 in Southmeadow • Wood Partners, Arsenal Starting $34M Project • Jackson-Shaw Starts $21M Industrial Project	Around The Globe     Print Full Region • AMB Signs 295,000-SF Industrial Lease With GM • NAI Global Opens Sixth Office in China
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