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Top Stories for the Week of March 10, 2008
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For Regional Coverage

UDR Closes $1.7B Portfolio Sale to DRA Fund VI
DENVER-The sale of 39% of its holdings leaves the apartment REIT with a portfolio concentrated in the Pacific Coast, DC corridor and Florida markets.

LNR, Hopkins Start $850M, 168-Acre Center
CARSON, CA-The Avalon at South Bay will include more than one million sf of retail, 1,300 housing units and 300 hotel rooms on one of L.A.'s largest undeveloped sites.

Blackstone Closes $635M GSO Acquisition
NEW YORK CITY-Blackstone Holdings will also pay up to an additional targeted $310 million over the next five years contingent on specified earnings targets.

Credit Crunch Clouds Leave Room for Sunlight
LOS ANGELES-Speakers and panelists at Real Estate 2008 see continued troubles and uncertainty ahead for the industry, but those troubles represent opportunities too.

Icon Partners Unveil 4M-SF MXD Project
DALLAS-Icon Midtown will have a 715,000-sf office tower, 525,000 sf of retail and entertainment space, boutique hotel and 50,000-sf eclecric food district.

Borgata Expansion Will Open in June
ATLANTIC CITY-Delayed by a construction fire, the $400-million Water Club will add an 800-room tower to the resort.

Dirt Moves on St. Regis Condo Hotel
BAL HARBOUR, FL-The project includes 268 condominiums, 36 condo-hotel suites, 183 hotel rooms and 24 St. Regis Club Residences.

St. Regis Mohawks Complain to Congress
AKWESASNE, NY-The St. Regis Mohawk Tribe asks Congress to conduct an investigation of the Department of Interior’s decision to reject the tribe’s casino in Monticello.

$300M Discovery Tower Breaks Ground in CBD
HOUSTON-Trammell Crow Co. and Principal Real Estate Investors will seek LEED Gold status for the 871,000-sf landmark project. The green design has 10 rooftop turbines.

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Regional Coverage
Northeast     Print Full Region
SL Green Closes 1250 Broadway Sale
Tarragon Rental Sells for More Than $116M
Green Park Sets $150M Goal for Loan Portfolio
Newport News Retail Trades for $80M
Major Requirements Give Boost to Suburbs
NPR Buys 174,058-SF NoMa Office
Construction To Begin on Green Residence
Economic Development Gets Boost in DC
Union City Gets First Residential High Rise
Redeveloper Named for Riverfront Tract
Southwest     Print Full Region
Hines Redesigns Resort; $100M Hotel Leads Way
SunCor To Plant 22-Year Hold With 18M-SF MXD
Granite Plans 500,000 SF for New Land Purchases
Trademark Adds Partners for $105M High Street
Prime Finalizes Deal for 485,000-SF Outlet
22-Acre, Off-Market Deal Fuels 336-Unit Project
Low Vacancies Spur 303,000-SF Three Eldridge
Vista Property Lays Out Plans for Retail Buys
1,036-Room Grand Hotel Hits Block
Pru's Chase Tower Lease Completes CBD Shuffle
Midwest     Print Full Region
Integrated Plans $120M Multifamily Rehab
J-4 and JL Burke Plan $80M MXD Resort Hotel
Next, Carroll Plan 457,000-SF Retail Center
Wells REIT Two Buys Full, 230,000-SF Office
Coloplast Breaks Ground on $40M New US HQ
Owner Seeks 261,457-SF Office Sale for $31M
City Center Buys 316,375-SF MXD for $27M
Cousins Signs More Tenants to $60M Center
Seagulls Buys 52,000-SF Center for $14M
DRI Plans Headquarters Move to 55 W. Monroe
West Coast     Print Full Region
High-Rise Condo Project Shuts Down
Pacific Retail Capital Launches With $200M
Shea Plans First Legacy Park Hotels
Purchase Deadline Nears for 27-Acre Strip Sale
HRJ Closes Fund With $155M of Equity
Fowler Ties Up 43-Acre Aviza Headquarters
PREI, Martin Group Plan Valley Office Projects
Owner Testing Commercial Condo Market
Camera Firm Buys 32,000 SF in Expansion
CBRE Garners EPA Energy Star Status
Southeast     Print Full Region
IDI Readies $120M, 3M-SF Distribution Center
Carter Fund Takes Deed to 137,818-SF Asset
Bascom Adds to Atlanta Stable With 236-Unit Buy
BH Properties Buys 64,337-SF Perimeter II
EastGroup Continues NC Spree With $42M Buy
32,000-SF Barnes Mill Crossing Starts To Rise
Wheeler Sells 171,049-SF Building for $3M
Around The Globe     Print Full Region
Six Flags To Open at Dubailand Theme Park
Two Russian Shopping Centers Trade for $109M
$50M Nicaragua Beach Resort Breaks Ground
MXD 54,000-SF Development Gets Approval
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
ViewPoints: The Squeeze Is On, Again!
Commentary: Podolsky’s John Homsher


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