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Top Stories for the Week of November 5, 2007
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Tribe Wants Casino Decision Now
AKWESASNE, NY-Frustrated after nearly nine months of inaction, the St. Regis Mohawk Tribe filed suit against US Secretary of the Interior Dirk Kempthorne.

Hillwood Outplays Pack for 511,796-SF Portfolio
RICHARDSON, TX-Hillwood bests seven other full-portfolio offers for Cardinal Tech Center I and II. Sources say the park went for less than the $125 per sf replacement cost.

REI, Schostak Close Sale for $800M Project
NORTHVILLE TOWNSHIP, MI-Township officials are not happy with the proposed development, and the effort to build on the former hospital site may end up in court.

CenterPoint, UBS Form $600M Industrial JV
OAK BROOK, IL-CenterPoint Properties is contributing 2.6 million sf of buildings, 600,000 sf of buildings under construction and 600 acres of land to the venture.

US Appeals Court Sides With Whitestone REIT
HOUSTON-The decision upholds Whitestone REIT's right to change its bylaws and eliminate a provision for majority written consent. The challenger says it's not over yet.

600,000-SF Office Build in Sight
SOUTHBOROUGH, MA-Sources say a local group could wrap up due diligence this week on Verizon's 52-acre site, where it hopes to build more than 600,000 sf of office.

Parkway Could Get $600M for 2M-SF Towers
CHICAGO-Parkway Properties Inc. plans to sell the one-million-sf One Illinois Center, 111 E. Wacker Dr., and the one-million-sf Two Illinois Center, 233 N. Michigan Ave.

GGP Has $3B in Retail Development Pipeline
CHICAGO-The retail mall giant hits a few records in occupancy and sales this year, and expects consumer confidence to stay steady.

Town Gives Red Bull Facility Wings
HANOVER, NJ-Major League Soccer’s Red Bulls will build a headquarters complex and training facility on 45 acres owned by Hartz.

O’Neill Gets Nod for 430-Acre MXD Redo
SAYREVILLE, NJ-The company is the new redeveloper of choice after an earlier deal to redevelop the National Lead site fell through.

Jonathan Miller To Blog for GlobeSt.com
NEW YORK CITY-Launching Thursday, the industry veteran will author TrendCzar, GlobeSt.com's new twice-weekly blog, focused on the vital trends impacting investment and development.

Meadowlands Redevelopment Difficulties Continue
LYNDHURST, NJ-The project faces more trouble, as state officials cut developer EnCap Golf Holdings off from its funding and issue fines.

Hilton Adds Nassetta as President, CEO
NEW YORK CITY-Locally based Blackstone Group appoints Host Hotels & Resorts' president & CEO, to oversee Hilton’s line of brands.

Somerset Closes on $509M Buy
NEW YORK CITY-Taconic's 33-story property is an attractive buy for Somerset because of the location, potential rents and timeless architecture.

MGM Mirage Earnings Up 18% Despite Vegas
LAS VEGAS-The company’s Beau Rivage Casino in Mississippi and insurance recoveries related to Hurricane Katrina offset underperformance in Vegas.

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Regional Coverage
Northeast     Print Full Region
Rimas’ $500M MXD S. Broad Gets Go-Ahead
Verizon Vacates 380,000-SF Office
Brandywine To Raise Capital Through JVs
Pep Boys Signs $166M Sale-Leaseback Pact
Skanska Lands $100M Irish Pharma HQ
GE Division To Expand Operations Upstate
Louis Dreyfus Signs 57,000-SF Lease
The Lincoln Building Inks Nearly 40,000 SF
GSA Brings More Leasing Under Roof
Buyer Plans to Upgrade Philadelphia Regency
SugarHouse Sues City Over Casino Delays
Southwest     Print Full Region
Upbeat Economy Softens Local Subprime Fears
Cameron, Coca-Cola Bless 350,899-SF Leaseback
Haggard Unveils Trophy Office for Northern Tier
D/FW's Spec Industrial Leading Top 5 Markets
Desert Troon Under Way With $140M Office Plan
Capital Markets Going Under Microscope
Verde Begins 100,800-SF Warehouse in $50M Park
ProLogis, Cross Trade 668,000 SF, 55 Acres
John Q. Hammons In Talks for More Arizona Sites
Hansji Pays $28M for CBD Value-Add Landmarks
Midwest     Print Full Region
Fingerhut Leases 93,146 SF of Office Space
Cabot To Spend $116M in Mall Buy, Rebuild
Habitat Co. Offers Lafayette Towers for $20M
Census Bureau Takes 33,000 SF on W. Madison
Allstate Expects to Sell 504,000 SF for $44M
West Coast     Print Full Region
$200M Marriott Sale Turns on Coastal Site
Complexes Totaling 514 Units Trade for $130M
SKB Acquires 255,000-SF Project for $85M
Emmett Grows on Olympic With $84M Buy
Voit, Buchanan Buy 428,000 SF for $57M
ExTerra Launches 212,000-SF Office Project
Subprime Woes to Further Crunch Economy
Realm Unveils 240,000-SF Office Project
LNR Preleases 181,000 SF at New Buildings
P&G Acquiring 750 Acres for Paper Plant
Southeast     Print Full Region
CBRE Realty Buys 5M SF of Class A Industrial
REMS Group Rolling Out $80M MXD Business Park
Urban Outfitter’s Bold Relocation Pays Off
Nine-Building Portfolio Trades for $78M
Hard Rock Planning 270-Key Hotel Downtown
Study: Green Is Greener on Other Side of Pond
Around The Globe     Print Full Region
$515M Tower Project Moves Ahead
CBL & Associates Hits Brazil In JV
French Embassy Backs $175M Condo Plan
Hirco PLC Infuses $140M into Township Plan
Third Project Secured for $100M GoldenTree Fund
Paramount Group Buys 134,000-SF Office Asset
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: JER's Michael Pralle
Commentary: C&W's Frank Liantonio


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