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Top Stories for the Week of February 26, 2007
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Maguire Buys $3B Blackstone SoCal Portfolio
LOS ANGELES-The REIT signs a deal to pay $2.88 billion for 24 former Equity Office Properties buildings in Southern California that total 8.1 million sf.

Apollo Could Take Countrywide for $2B
NEW YORK CITY-Less than a month after shareholders rejected a previous acquisition attempt, Apollo offers to buy the British company for one billion pounds.

Trustreet Stockholders OK GE Capital Bid
ORLANDO-Trustreet executives expect the $3-billion merger with GE Capital Solutions, Franchise Finance to close on Feb. 26.

Tishman Speyer Team Comes on Board for $2B Plan
HYDERBAD, INDIA-The urban development authority here selects the team to develop a 400-acre site with 20 million sf of development.

Freedom Tower Gets Definitive Approval
NEW YORK CITY-The Port Authority met Thursday and agreed to funding for the project. The decision completely clears the path for the 2.6-million-sf tower to go up.

Asia Pacific Fund Tops Out at $1.3B
HONG KONG-Citigroup Property Investors’ CPI Capital Partners Asia Pacific LP ends fundraising with $1.29 billion having been taken in. Approximately 40% of the total has been committed.

NY Gov. OKs $600M Casino Proposal
MONTICELLO, NY-Gov. Eliot Spitzer OK's the St. Regis Mohawk Tribe's $600-million gaming facility to be built near Monticello Raceway. Now the plan goes back to the Bureau of Indian Affairs for final approval.

Younan Sails Through Downtown Tower Buy
DALLAS-As promised, Younan Properties buys the 1.4-million-sf CBD landmark. A $106-million loan backs his plan for the 58%-leased high rise.

Acadia Plans 1M-SF-Plus Mixed-Use Tower
BROOKLYN, NY-Acadia, its partners and MacFarlan will team up to create a facility that will combine retail, office and residential components.

BofA Tower Adds Another Tenant to Roster
NEW YORK CITY-Marathon Asset Management, which recently backed RexCorp’s purchase of non-core SL Green assets, will lease the entire 37th and 38th floors.

Law Firm Takes 400,000 SF at Prudential Tower
BOSTON-Ropes & Gray’s decision to relocate its One International Place offices to the Prudential Tower in three years will further tighten the Back Bay’s office market.

Ventas Goes to Court for Sunrise Acquisition
TORONTO-The healthcare REIT asks Ontario Superior Court to force Sunrise Senior Living REIT to comply with their purchase agreement and enforce a standstill agreement with Health Care Property Investors.

Mesa Development Secures Loan for $345M Tower
CHICAGO-The corporation secures a $275-million construction loan for a $345-million condominium tower at 60 E. Monroe St.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
IHS To Invest $300M in Affordable Housing
IDI Buys New 400,000-SF Warehouse Facility
Wyndham Gets New 250,000-SF HQ
Tyco Complex Trades for $300 Per SF
JV Acquires 205-Key Sheraton College Park
GVA Williams Takes Stake in Boston Branch
NAR Index Shows Commercial Growth Leveling Off
Southwest     Print Full Region
Crystal River Buys 1M SF for $234M
Two Student Housing Deals Draw Nearly $128M
$120M Buys Partnership's Second Area Asset
Port Well Positioned for 1M-SF-Plus Addition
TOD Plan Brewing for 86 Acres
Bidder Snags 656-Unit Trails at Rock Creek
Midwest     Print Full Region
JVs Secure $334M to Finance 28 VA Purchases
Developer Closing on Land for 1M SF Buildings
JV Buys 625 N. Michigan for Nearly $112M
Tri-Land to Renovate 634,000-SF Portfolio
Company Secures Build Funds for Mixed-Use Plan
Baker & McKenzie May Leave One Prudential
West Coast     Print Full Region
AMB Property Closes on $305M Financing
Firestone Business Park Changes Hands
Legacy Begins 375-Unit Apartment Complex
Bosa Unveils Marquee, Plans More Condos
Compass Partners Closes on USACM Assets
Hopkins Starts $70M, 510,000-SF Retail Center
South NV Development Activity Slows
Southeast     Print Full Region
Equity One To Shed $250M in Assets
$180M Mixed Use To Rise in Aventura
553,000-SF Office Building Trades for $117M
Dallas Group Buys 474-Unit Resort
309,000-SF IKEA Store Rising on 22 Acres
Summer To Usher in 144,800-SF Project Start
135,000-SF Tenant Signs On for 1M-SF Plan
Around The Globe     Print Full Region
Doughty Hanson Sells Maximilianhöfe for $350M
Artis In Midst of $200M in Acquisitions
InStorage Paying C$110M for 11 Properties
JV Buys Office, Industrial Buildings in Germany
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UpClose: CoreNet's Eric Bowles


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