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	Top Stories for the Week of June 16, 2008	Print Full Issue
	Click Here For Regional Coverage Zuckerman: $4B GM Building Deal Closes NEW YORK CITY-Ownership of 767 Fifth Ave. changes hands as Boston Properties closes on the first phase of its $4-billion deal with Macklowe Properties. Hilton, HLH Enter Deal for 30 New UK Hotels LONDON-The venture is part of a $1 billion effort to spread the Hampton brand on an international scale. Panel OKs Delay on $3B Grand Avenue Project LOS ANGELES-The Grand Avenue Committee grants developer Related Cos. a delay until August on the start of construction for the 3.6-million-sf development. ACC Closes on $1.4B Acquisition NEWTON SQUARE, PA-This complex transaction consists of two portfolio spin-offs worth $676 million, a $200-million term loan and the sale of 4.5 million ACC shares. Silverstein To Begin Work on Tower 2 Foundation NEW YORK CITY-Gov. Paterson calls on the Port Authority to provide a 'realistic and achievable schedule' of the WTC site reconstruction timeline and budget. JLL, Staubach Deal at $835M, Sources Say CHICAGO-Reports over the weekend were about $100 million less than what GlobeSt.com sources expect will be revealed in an official merger announcement today. Hines Plans 1M-SF Tower, Banks on Tenant Growth MINNEAPOLIS-The Houston-based firm is convinced that more companies than Target, the giant employer in the city, will need space in five years. Cap Market Experts: Summer Slowdown Expected CHICAGO-Many at RealShare Chicago expect the slowdown to continue, with a somewhat return to normal in a year. Uncertainty Clouds Industrial Market NEWARK-'A lot of questions' and 'hard to predict' were part of the dialog offered by a panel of experts at the RealShare Industrial East conference. Shelbourne Sees Interest in US’ Tallest Condo CHICAGO-The have been 352 residential units sold in the $1.2-billion, 2,000-foot tall Chicago Spire, being developed by Shelbourne Development Group Inc. Population Shifts Reshape Housing Demand WASHINGTON, DC-Urban Land Institute stats show there will be an acute need for overseas senior and medical housing. $719M Funds Affordable Creation, Preservation NEW YORK CITY-NYS Housing Finance Agency approves financing, which will have an effect on 1,802 affordable units in and around New York City. MHG Lands $620M Hard Rock Hotel Expansion Loan LAS VEGAS-Morgans Hotel Group and equity partner DLJ Merchant Banking Partners close on the construction loan. The project includes 875 additional rooms and 30,000-sf of additional retail. 190,000-SF Office Building Receives Gold LEED WASHINGTON, DC-The building at 20 M St., which delivered last year, expects to be 50% occupied by the end of the year. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Taubman Gets Court OK for $500M Mall Permit • PA Commercial Sector Marks Two 'Green' Firsts • SSJ Development Launches Construction Company • Collins Looks to Build $100M More in Yonkers • AIG Takes 800,000-SF Sublet Deal Downtown • Panel: LEED Is Future of Industrial Building • Investment Firm Raises $100M for Debt Fund • MBA Moves Into New 170,000-SF Home • Dulles Hyatt Trades for $78M • Engineering Group Leases 138,000 SF • Linchris Seen Buying Two Area Hotels • Foreign, Domestic Players Vie for Trophy Assets	Southwest     Print Full Region • Construction Start Near for $300M Mixed-Use Development • Boy Scouts Look for $100M Jamboree Site • ASU To Install Panels On 135,000 SF • Renergy Plans Biomass Plants • Mortgages Ltd. Impact On Development Debated • Capstar Takes 327,235-SF Assignment • Partnership Adds 1,127 Acres To Coffers • Tenants Grab Space In 808,000-SF Complex • $50M Kings Harbor Residential Launched • Experts Counsel Patience in Financing Event
Midwest     Print Full Region • Ford Sells Plant, Panattoni Plans 3M-SF Park • Neyer Opens Office in Park, Ups Plan to $110M • Lane4 Takes on 1M SF for Property Management • Midwest Custom Case Expands to 306,000 SF • First Industrial Buys 280 Acres for New Park • Panduit Buys 52-Acre Site for 250,000-SF HQ • Redwood Buys 400-Unit Apartment Complex • Podolsky Begins Second Phase of 30-Acre Park • Bing Changes $60M Watermark Condo Plans • Psychology School Expands to Nearly 82,000 SF	West Coast     Print Full Region • $500M Millennium Tower One Year Out • 500 Terry Francois Blvd. Trades for $149M • CBRE Takes In-Depth Look at Retail • Apartment Deliveries to Slow in ’08, Stop in ‘09 • 100 Acres Bordering Stratosphere on the Market • Pier 1 Offers $81M for Cost Plus • Tracy Gains Another Big Distribution Center • Nevada Casino Win Off 5%, Strip Fares Better • LandSource Investors Take Long-Term View • Foundry Square I Complete, Tenant Moving In
Southeast     Print Full Region • IDI Building Certified LEED Silver • Publix Buying 49 Albertsons Stores • Duke Realty Secures Homeland Security Office • NAI/Merin Wins WaMu Office Assignment	Around The Globe     Print Full Region • Starbucks Opening 150 More Units in Europe
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Avanath Capital Partners’ Daryl Carter
Commentary: Goodwin Procter's Andrew Kirsh