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	Top Stories for the Week of February 20, 2007	Print Full Issue
	Click Here For Regional Coverage Simon/Farallon’s $7.9B Offer Wins Mills CHEVY CHASE, MD-Mills terminates its $7.5-billion agreement with Brookfield Asset Management. Boston Properties Closes on $1.3B 5 Times Square NEW YORK CITY-AVR Crossroads now owns the 1.1-million-sf building that serves as the headquarters for Ernst & Young. Shorenstein Buying EOP’s Portland-Area Portfolio SAN FRANCISCO-The locally headquartered real estate company is acquiring the 4.2-million-sf portfolio for approximately $1 billion. Four Seasons Going Private in $3.8B Deal TORONTO-The luxury hotel chain would be owned by billionaire Bill Gates, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and Isadore Sharp, the founder of the hotel company. Related Group Investing $1B in Latin America MIAMI-A new subsidiary, Related International, plans to invest more than $1 billion in Latin American real estate. Inland American Invests $1B in Joint Venture OAK BROOK, IL-Inland American provides most of the funding for a joint venture REIT that has acquired a total of 78 properties. ING Clarion Acquires Apple Hospitality For $890M RICHMOND, VA-ING is paying roughly $115,000 per key for the portfolio. The properties are primarily located in secondary markets. ProLogis Acquires Developer for $581M DENVER-The locally headquartered distribution developer acquires a Europe-based competitor for a mix of cash and common stock and agrees to buy out one of its JV partners for an additional $449 million. Capri JV Reveals $500M Mixed-Use Project CHICAGO-A joint venture between Capri Capital Partners and Judson Investment Co. reveals plans for a one-million-sf development. Colonial Asset Shuffle Puts $222M Into Play BIRMINGHAM, AL-Colonial buys 892 units in three states and sells 1,705 apartments in two states in a persistent push to upgrade its portfolio profile. Sunrise Initially Rebuffs Higher HCPI Bid TORONTO-The locally headquartered senior living REIT says it can’t consider a competing $1.2-billion bid from Health Care Property Investors Inc. without additional information. 1,300 Hotel Condos Planned for Lake Lawn DELAVAN, WI-The owners of the 210-acre resort are changing the look of the century-old property, and hope to build a convention center and indoor water park, too. Harrah’s To Split Real Estate, Operations LAS VEGAS-The casino operator says in a regulatory filing that as part of its acquisition by two private equity firms, it plans to split off its real estate holdings into one or more subsidiaries. Accor Agrees to Sell 30 UK Hotels LONDON-Land Securities Group will pay $921.31 million (euro 711 million) for 5,000 rooms in 30 Ibis- and Novotel-branded properties. London Firm To Develop 2,750 Acres on Canal PANAMA CITY-London & Regional Properties wins the right to develop a former US Air Force base with a new multimodal port, thousands of homes, plus hotels, a golf course and a science park. Arbor Realty Disposes of Nearly 2M-SF Office NEW YORK CITY-Company executives estimate Arbor Realty, which owns a 29% stake in the building, will see up to $85 million in proceeds from the sale of the building. Makena Resort Commands $575M MAUI, HI-A venture of Morgan Stanley Real Estate Fund V US, Trinity Investments LLC and Dowling Co. has acquired the Makena Resort for $575 million. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Starrett City Deal Faces Opposition • SJC Slows Development of $2B Project • Chelsea Gets $100M Eco-Friendly Project • Environmental Groups File Suit to Stop Casino • Tedeschi To Deplete Large Store Holdings • Hirschfeld, Starwood Acquire 3,192-Unit Portfolio • Giles Wrench Joins Staubach To Focus Abroad • Houlihan Lokey Expands Real Estate Services • Incubator Business Center Set for Navy Yard • School Gets Developer for $250M Project	Southwest     Print Full Region • Development Duo Forging Ahead on 2M-SF Plan • JV Rolling Out 1M-SF Plus on 88 Port Acres • TCC, MetLife Launch Retail Development Plan • Developer Kicks Off $500M Mixed-Use Project • Condo Converter Passes 660 Units to Alliance • JV Plans 304-Unit Mid-Rise in Medical Center • Fact or Fiction: Disney's Eyeing North Texas • New Point Man, Plan Driving 633-Acre Park • BofA Makes Off-Market Deal for 216 Units • Moody Closes On 216,215-SF, Class A Asset • Dallas REIT Sets 2007 Sights on Multifamily
Midwest     Print Full Region • Osprey Group Takes 4,000-Acre Golf Resort • Alliance Eyes Next Step for 1M-SF Shutdown • Alter Starts $90M Tower, Active Year On Tap • Firm Buys Two Offices at Almost 235,000 SF • Pehlke Takes EVP, CFO Job at Grubb & Ellis • Investment Firm Building $49M Hilton Hotel • CapitalSource Loans $49M for Local Projects • Green Courte Invests $47M in Three Projects	West Coast     Print Full Region • Tishman Speyer Buys $200M Development Site • Developers Line Up $96M for New West-End Tower • $85M Wins Rare Multifamily Investment • $56M Buys 593,000-SF Distribution Center • Intuit Leases, Options Long-Vacant Sun Micro Campus • Gatehouse Starts $600M Mixed-Use Project • Sabey Corp Buying 1M-SF Associated Grocers HQ • MGM Mirage Buys Into 166-Acre Development • CBRE Names Swerdlow to Lead West Region • Broadreach Buys $51M Office Campus
Southeast     Print Full Region • 212-Key Resort Sale Carries $40M Price Tag • $100M Mixed-Use Project Gets State Support • Strategic Properties Pencils Start for $72M Office • Developer Eyes Q2 Start for $250M Project • $200M Mixed-Use Project Rising on 22 Acres • Ecclestone Takes 70% Interest in Hotel Portfolio • 160,450-SF HQ To Begin Rising in May • $56M Recaps 305,000-SF Office Asset • 283,196-SF Office Property Sale Tops $55M	Around The Globe     Print Full Region • Abacus Acquires Omni Healthcare in $100M Transaction • Three Firms Approved for Operations in India • Sotheby’s Coming to Middle East • Prudential UK, LaSalle Investment Form Asia Fund • Decathalon Takes Down More of AMB Jiuting • Legacy Hotels Buys Downtown Asset • Jayco Adds President for South Africa Operations
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