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Top Stories for the Week of January 16, 2007
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Shades of Reckson: EOP Gets Counter Offer
CHICAGO-Cerberus Capital Management is rumored to be weighing a $38-billion counter offer for Equity Office Properties.

Ramco, RioCan Say $1.5B Center JV is Off
FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust and RioCan Real Estate Investment Trust have dissolved a JV aimed at acquiring and developing US shopping centers.

Sunrise Forms $1B European JV With PREI
MCLEAN, VA-The JV will add another 1800 beds to Sunrise’s European portfolio.

2 Park Ave. Sells for $519M
NEW YORK CITY-Just months after being purchased by L&L Holding Co. the office building sells again, for almost $70 million more than the October 2006 transaction.

London Buyer's $470M Claims Nearly 11M SF
SAN ANTONIO-StratREAL, marking its third industrial coup in two weeks, grabs 10.6 million sf in four metros from USAA Real Estate.

DiamondRock To Pay $330M for Westin Boston Hotel
BOSTON-In addition to the hotel, DiamonRock will acquire 100,000 sf of retail space under a leaseholder agreement and leasehold interest on a connected site that would allow for an additional hotel property.

$300M Mixed-Use Project Coming to North Las Vegas
LAS VEGAS-Plans for the 160-acre site include a retail center of up to 1.3 million sf and approximately 800 units of housing.

Devils’ Arena Is Now Prudential Center
NEWARK-It’s official--Prudential Financial acquires the naming rights to the under-construction 18,000-seat venue in a $105-million, 20-year deal.

Larco Selling 1,751 Hotel Rooms
VANCOUVER, BC-The locally headquartered company’s offering consists of five properties-four in Ontario and one in British Columbia-unencumbered by management.

Taubman Tapped for Macau Studio City Retail
MACAU-The developers of the multibillion-dollar mixed-use development here retain Taubman Asia to provide development, leasing and management services.

Mills Corp. Wraps Up Internal Investigation
CHEVY CHASE, MD-The company will be restating its financial statements for 2001-2004 and the first three quarters of 2005.

Gaming Index Ends Year at All-Time High
LAS VEGAS-The Index, which is based on the stock price performance of nine gaming companies with significant operations in Nevada, is up 56% over the past 12 months.

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Regional Coverage
Northeast     Print Full Region
MRP Realty Gets Approval for $350M Development
Deptford Mall Sells for $241M
Vornado Buys Bronx Plaza for $165M
Governor Calls for Property Tax Reform
Sterling Closes Fund V, Investment Period of Fund IV
Gillette Move Puts 500,000 SF in Play
Vornado Closes Manhattan Mall Buy
Southwest     Print Full Region
Absorption Tops 15M SF, Nudges Record Year
ProLogis Planning 1M-Plus Industrial Park
Estimated $100M Office Plan Gets Under Way
Plan Surfaces for 200,000-SF Retail Project
Kennedy Wilson Plans to Deploy $100M in '07
Midwest     Print Full Region
$450M JV Sets Sights on Midwest, Mid-Atlantic
Fairview To Build $175M Children’s Hospital
Subaru Leases 282,000 SF NW of Indianapolis
JV Completes Phase 1 of $200M Mixed-Use Site
Sears Tower Leases 225,000-SF in 3 Months
West Coast     Print Full Region
Health Care REIT Launches $1B JV
Hart Completes $217M Sale to Hines REIT
$200M Buys 803-Room Hyatt Regency
Herbst Completes $153M Sands Regent Acquisition
Southeast     Print Full Region
Shareholders OK $510M Sale of Mobile-Home Park
Seven Amusement Parks Change Hands in $312M Deal
Partnership Takes Office Depot HQ for $80M
Dirt Moves for 180,000-SF Office/Warehouse Project
Strong Office Market Fuels Spec Construction
Around The Globe     Print Full Region
Alfa Gains Equity for $2B 'Omagine' Project
Hines Lands Loan for $704M Office Project
GE Buys Office Property Fund for US $547M
NAI Adds China Partner, Plans Rapid Expansion
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Attorney Barry LePatner


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