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	Top Stories for the Week of September 24, 2007	Print Full Issue
	Click Here For Regional Coverage Provident, PNL Shaping Major Gulf Plan BOLIVAR PENINSULA, TX-The JV is huddling over entitlements for 2,700 acres with three miles of beach frontage. Infrastructure could start in 2010 if there are no roadblocks. $1.5B Riverhead Resorts Proposal Leaps Forward RIVERHEAD, NY-The project proposal is selected by the Riverhead Town Board over a competing proposal. Exclusive negotiations for the property now commence. Fast Track for $1.2B Transit Village EL MONTE, CA-The project, called El Monte Transit Village, is planned for a 60-acre site fronting the Interstate 10 Freeway and Santa Anita Boulevard. One Lincoln St. Sale Seen Topping $900M BOSTON-Fully leased to State Street Corp., the 36-story office tower sold less than a year ago for $889 million. RAIT Closes $1.3B European Securitization PHILADELPHIA-This is the specialty financial REIT’s second Euro-dominated deal and the 13th securitization managed by RAIT and its subsidiaries. Ritz Carlton Plans $1B Dominican Project DOMINICAN REPUBLIC-The 220-room Ritz hotel and 194 luxury residences will anchor a 30,000-acre master-planned ocean resort. Sentinel Closes on $532M America First Acquisition NEW YORK CITY-The acquisition of all the common shares of America First Apartment Investors will add more than 7,000 apartments to Sentinel's portfolio. Industry Mourns Death of Multifamily's MVP DALLAS-Don Ostroff, senior director and co-founder of Cushman & Wakefield Inc.'s Multi-Housing Group, died yesterday following weekend surgery after he collapsed while jogging. Fed Lowers Funds Rate 50 Basis Points NEW YORK CITY-The Federal Open Market Committee lowers its target for the federal funds rate 50 basis points to 4.75%. 411,000-SF Tower Cleared to Rise NEWARK-The 14-story Two Riverfront Center is slated to rise next to the Matrix Development's existing Legal Center Building in the Gateway submarket. City Approves Silagi's 250,000-SF Office Tower RIVERSIDE, CA-The Thousand Oaks-based development firm wins approval from city officials for its 10-story Regency Tower. Desiato Named VP, To Push Global Initiative NEW YORK CITY-The 28-year Real Estate Media veteran will look for opportunities to expand coverage into Europe and Asia. He retains the title of editorial director. Credit Crisis: Time To Revamp Rating System NEW YORK CITY-Insiders say the crisis is beyond the Fed's capacity to repair. Instead, they say, focus on changing the dependency the market has on rating agencies. Marriott Said to be Planning Convention Hotel LAS VEGAS-The Bethesda, MD-based public company still isn’t discussing its acquisition of most of an entire block across the street from the Las Vegas Convention Center. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Liberty Forms $900M JV to Manage Republic's Assets • 10-Building Portfolio Could Fetch $158M • ING Borrows $77M to Secure Fixed-Rate Loan • Verizon NJ HQ Hits the Market • Rockefeller Group Forms Investment Sub • M&A Leads to 95,000-SF Sublease Opportunity • $118M Takes 835-Key Portfolio • Balfour Beatty Wins $110M Fort Lee Design Mandate • GE Provides $74M for Class B Refi • Port Authority Buys Tract for $51M • Marymount on Market; Fordham Leases Space in County • KeySpan Buy-Out Opens 125,000-SF Sublease • KS Partners Fast Tracks 270,000-SF Makeover • Law Firm Relocates Downtown	Southwest     Print Full Region • Capital Commercial Wins 873,378-SF Office Prize • GSA Holdings, Commodore Map Out $100M-Plus Plan • Caldwell Begins Work on $75M Office Park • Capstar Wins 1M-SF Plus Leasing Assignment • Radler, Yancey-Hausman Start $250M Office Park • Equity Passes 400 Units to Neighboring Owner • McDowell Properties Gets 1,194 Units From EQR • Market Pros See No Red Flags From Slowing Sales • Celestica Takes 149,868 SF in Valwood • Younan Inks $47M Deal for 371,125 SF of Office • Talisman Buys, Re-Brands 127,000-SF Outlet • Abacus Stakes 387-Unit Claim for $27M Plus
Midwest     Print Full Region • UDR Sells Eight Assets to Westdale for $181M • Venture One Sells 410,000-SF Center • USI Buys 14 Sites for $121M in Settlement • EDC Offers $53M in Incentives for Projects • Associated To Shed 42 Owned, Managed Assets • C&R Takes Last Full Floor at 500 N. Michigan • Morningside Plans $30M Mixed-Use Development	West Coast     Print Full Region • Pelli-Hines Team Tapped for Tower, Transit Center • StratReal Manages Two Rodeo After $275M Sale • Ex-Kerzner Prez to Run Fontainebleau Operations • Disney Expanding Hotel by 200 Rooms • Emaar Pays $96M for Fifield Condo Site • World Jewelry Center Gains FTZ Status • Vacant Office Building Commands $50M
Southeast     Print Full Region • Stiles Enters Market With 527,000-SF Buy • Highwoods Plans Fall Start for $70M Industrial Plan • St. Joe Completes Portfolio Sale With $44M Closing • Miles, Terremark Begin 12-Acre Downtown MXD • JV To Bring 221-Key Hilton Project to Jacksonville • Aslan Takes 431 Units in $41M All-Cash Deal	Around The Globe     Print Full Region • Puerto Rico Med Building Sells for $30M • XE Capital Launches India Venture • Akiyama Takes Reins at CBRE Group in Japan
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
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