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Top Stories for the Week of July 9, 2007
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Hilton Board Approves $26B Blackstone Buy-Out
BEVERLY HILLS, CA-The public hotelier will be acquired for $47.50 per share, a 40% premium over yesterday’s closing stock price, if shareholders sign off on the deal.

Citigroup London HQ To Sell for $2B
LONDON-The 42-story Canary Wharf tower has a full-building lease to 2026.

ALM Sells to Incisive Media for $630M
NEW YORK CITY-The London-based company acquires ALM from a Wasserstein fund. The transaction--expected to close this quarter--provides a global growth platform for the multimedia company.

iStar Closes on $1.9B Fremont Portfolio
NEW YORK CITY-Locally based iStar acquires the commercial real estate lending business of Fremont in an all-cash transaction.

Schnitzer West Sells Majority Stake in Bravern
BELLEVUE, WA-In a deal valued at $800 million, Investcorp’s US-based real estate group buys a majority stake in the 1.6-million-sf mixed-use development.

Brandywine Set to Sell Nearly 2M-SF Portfolio
RADNOR, PA-The REIT puts a portfolio of 32 suburban Philadelphia office buildings, valued at approximately $300 million, on the sales block.

Morgan Stanley Sells 50% Stake in One Market
SAN FRANCISCO-Industry sources familiar with the deal tell GlobeSt.com the sale price was in the vicinity of $730 million.

NYC Approves 880,000-SF Village
NEW YORK CITY-The city approves Boricua Village, an 880,000-sf Bronx community with commercial, residential and educational components.

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Regional Coverage
Northeast     Print Full Region
Och-Ziff Capital Files for $2B IPO
7,000-Unit MD Multifamily Portfolio Hits Market
Trump Casinos' Buyer Search Comes Up Dry
UPenn Plans $370M Biomed Research Facility
$148M Throws One Mad Ave. Deed to SLG
Nordblom Co. Closes on $212M CRE Purchase
Aegon Buys Citibank Properties for $139M
Macklowe Sells Development Site for $160M
$300M Redevelopment Gains Approval
Archon Group Closes on $129M Cambridge Buy
Southwest     Print Full Region
28,000-Acre Woodlands Most Likely To Secede
Actus, USAF Stamp $300M Base Housing Contract
Whirlpool Holding Firm to 852,000-SF Building
Stream Team Takes Charge of 2M SF of Industrial
$175M Sonoma Resort Sale Craters in 11th Hour
$135M Sustainable MXD Ready to Get Under Way
IBM Taps 55,600 SF in Houston for L.A. Unit
$58M Deal Rids Books of 309,983-SF Office Tower
Midwest     Print Full Region
GSA Seeks 920,000 SF for Records Storage
DaimlerChrysler Leases 153,000-SF Office
KBS Realty Sells Eaton Center for $70M
Panattoni Plans Four Buildings on 82 Acres
IDI Constructs 103,000-SF Facility at $130M Park
Venture One Sells Industrial Facility for $13M
West Coast     Print Full Region
Muller JV Closes $310M Maguire Deal
Microsoft Assumes 300,000-SF Datacenter Lease
Sunstone Sells $151M Western Portfolio
Elad Group Acquires Condo Tower for $140M
CalPERS Buys Koin Center for $108M
Davlyn Investments Buys 552 Units for $112M
Broadreach Invests $100M in SF Office
SKB Plans Repositioning of $95M Giftcenter
Hines REIT Closes on Fifth & Bell
Southeast     Print Full Region
Hines Fund Takes 469,000-SF Asset for $140M
Ajax Pays $50M for 495,000-SF Office
Five Star Builders Secures $36M for Townhome Plan
Younan Ends Two-Year FL Stay With $24M Sale
BH Properties Takes 98,544-SF Office Building
Triple Net Acquires 200-Unit Apartment Complex
Covenant Services Grows With 27,000-SF Deal
Bascom Adds 504 Units to GA Holdings
Around The Globe     Print Full Region
Casino GP, Whitehall Seal $680M Euro JV
Response Moves $200M Condo Project Along
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Angela Gonzales-Rowe of HHOA
ViewPoints: SRA Standards Curb Due Diligence Uncertainty
Commentary: Jim Ettelson


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