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Top Stories for the Week of January 29, 2007
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Blackstone Increases EOP Bid Offer Over Rival
CHICAGO-The Equity Office Properties Trust board says it has approved of the new offer, which is now $54 per share, cash, and a $500 termination fee.

Reckson, SL Green: Done Deal
NEW YORK CITY-SL Green closes on the merger that began more than five months ago and was fodder for much public debate.

Kimco Closes Crow Deal
NEW HYDE PARK, NY-Kimco closes on the $920-million purchase of 18 centers from a fund operated by Crow Holdings.

Nordblom Gets OK for 3M-SF Mixed-Use Project
BURLINGTON, MA-Nordblom will construct up to 600,000 sf of retail, 2.3 million sf of office, two 300-room hotels and up to 300 luxury residential units on the property.

Taurus, University Plan Tech Park in Argentina
BUENOS AIRES-The $100-million development, in conjunction with the private, for-profit Austral University, will be the first university research park in the country.

Shareholder Group Opposes Station Casinos Buy-Out
LAS VEGAS-A firm representing union pension funds that hold about 2.7 million shares of the casino resort operator says the management-led buyout offer significantly undervalues the company.

JV Closes on Purchase of John Hancock Center
CHICAGO-Golub and Whitehall reportedly paid $385 million for the Chicago icon; official says no updating is needed, but the company won’t ignore the possibility of adding a hotel.

Bayer HealthCare Puts Nearly 2M SF on Market
WEST HAVEN, CT-Bayer HealthCare puts its 1.5-million-sf office/R&D complex here on the market. Bayer has started relocating staff to company sites in New Jersey.

Apollo/India Fund Attracts $630M
MUMBAI, INDIA-The fund is a joint venture of Apollo Real Estate Advisors and Sun Group, an India-based business and investment group owned by the Khemka family.

State Jumpstarts $460M Riverfront Project
PITTSBURGH-Gov. Rendell hands over a $12.3-million check to kick off the $90-million opening phase of the Cultural District Riverfront Development.

Michigan Developer Plans $100M Retail Site
KAILUA-KONA, HI-Westwood Development Group acquires the 88,000-sf Lanihau Center and an adjacent 23-acre development site for a project that the Michigan-based development firm pegs at $100 million.

Hooters Casino-Hotel Ownership Intent on Sale
LAS VEGAS-The owners sign an LOI to sell to an investment group led by NTH Advisory Group LLC for $95 million cash and responsibility for $130 million in senior secured notes due in 2012.

Bristol-Myers Squibb Closes $283M SLB
PLAINSBORO, NJ-The pharmaceutical giant will stay in the four buildings for the next decade with wealth manager Eaton Vance as its landlord.

Broadway Partners Shedding 2M SF of Office
BOSTON-Broadway Real Estate will shed seven high-profile properties in New York City, Los Angeles, Chicago and Greater Boston.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
$600M Riverfront Tower Gains Approvals
RAIT Stock Offering To Raise Up to $365M
Insurance Firm Renews Lease at 99 High St.
Plan for City's Tallest Skyscraper Moves Forward
Kennedy Funding Gets $200M Securitization
BPG Buys 22 Apartment Complexes for $314M
Shorenstein To Acquire East End Office for $148M
Pantheon Goes Green With Industrial Portfolio
Rreef To Take Minority Interest in Aldus
New Firm To Target $500M in India
Six-Building Portfolio Enters Market
BigBand Expands to Take 87,000 SF
Falls Church Office Trades for $96M
Hartz Sells One Harmon Plaza
Franklin Field Gets $98M Redevelopment
JV Grabs Five Seaport Office Buildings for $74M
$61M Refi Opens Door to More Acquisition
Southwest     Print Full Region
Texas Investors Claim 1M-SF Hughes Complex
Drive Financial Bumps HQ Lease to 107,065 SF
JV Buys 472,383-SF Office, Industrial Mix
US Bank Expands, Pushes Lease Seven Years
Developer Begins 1M-SF-Plus Industrial Park
Atlanta Investor's Inroad Yields 1,840 Units
Weingarten Plans $200M Capital Markets Run
Bass Team Showcases 280,000-SF Trophy Office
Management Reins Change at 1M-SF Office Tower
Mixed-Use Plan Eyed for Old Mill, 990 Acres
Economic Stars Shine for Fort Worth, Tarrant
Lease-Up Puts 950,000-SF Plan Into Action
Orix Shells Out $33M for 388-Unit Complex
60,153-SF Lease Sets Consolidation Into Play
Midwest     Print Full Region
Township To See 1,000-Plus Multifamily Units
Apollo Purchases West Loop Building for $73M
Namdar Buys 513,000 SF of Retail Properties
Bank Selling Region HQ, Wants SeaGate Lease
JV Spending $130M on Michigan Student Housing
SmithBucklin Expands to More Than 100,000 SF
Waterton Buys 36-Story Tower From Archstone
West Coast     Print Full Region
Atherton-Newport Plans $600M of Investments
BH Properties Eyes $250M in Acquisitions
BofA Renews, Shrinks at Transamerica
Multifamily Project Starts With $120M Loan
Bascom NW Recaps Club Palisades in $82M Deal
Bixby Buys University Station for $72M
Abbey Co. Acquires Rreef Assets for $70M
Embarcadero Corporate Center Changes Hands
Southeast     Print Full Region
Plans for $230M Mixed-Use Development Take Shape
Lodgian To Explore Strategic Initiatives
Partnership To Acquire $300M in Value-Add Assets
Land Sale Fuels 240,000-SF Office Construction
$300M Mixed-Use Plan To Rise on Seven Acres
Demolition Kicks Off $100M Mixed-Use Project
Around The Globe     Print Full Region
Touchstone Plans Spec Argentina Office Project
Atlas Capital Buys Stake in London Landmark
Colliers CMN Owner Buying Majority Stake in PKF
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: American Ventures' Philip Blumberg


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