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	Top Stories for the Week of June 23, 2008	Print Full Issue
	Click Here For Regional Coverage JLL Completes Staubach Buy for $613M CHICAGO-Peter Roberts, the JLL CEO of the Americas, tells GlobeSt.com that the mindset of the merger is that no one loses their job. $2.8B Loss Causes Reduced Real Estate Exposure NEW YORK CITY-Lehman Brothers Holdings Inc. will reduced exposure to residential and commercial mortgages and real estate investments by approximately 20% in each asset class. City Crossing Developer Files Ch. 11 Bankruptcy LAS VEGAS-Still trying to refinance $168 million in debt that matured in April, the developer of the phased $2-billion, 6 million-sf project here seeks protection from creditors while it reorganizes. Fund Closes $4.2B Deal for School Build NEW YORK CITY-The NYC Educational Construction Fund closes on the first phase of an agreement with the World Wide Group to construct two new schools at 250 E. 57th St. Landry's Founder Plans $1.3B Chain Buy-Out HOUSTON-Tilman J. Fertitta and Landry's board ink a definitive agreement for all outstanding stock at $21 per share. The deal is slated to close in Q4. Songdo IBD Becoming Test Bed for Sustainability SONGDO, SOUTH KOREA-The 100-million-sf IBD is a LEED showcase for today and the future. As the city rises, its technology surpasses the long-time benchmark, Canary Wharf. StratReal Forming $1B Florida Fund TAMPA, FL-The London-based advisory firm will buy distressed luxury condos starting this fall. Harcourt Moves to Dismiss $1B Sullivan Square Suit LAS VEGAS-An entity of Harcourt Developments of Ireland files to dismiss a lawsuit filed by its local development partner. Construction in New York Heads for a Correction NEW YORK CITY-The metropolitan area’s construction economy is stronger than other regions’, but a slowdown is ahead, says an expert at BuildingsNY. Austin Seats Developer for $700M MXD AUSTIN-TCC, USAA and Constructive Ventures best their competitors for development rights to five city-owned blocks. Project Green should break ground in two years. Colonial Selling $500M of Retail, Multifamily BIRMINGHAM, AL-Colonial Properties is putting 4,000 apartments and 700,000 sf of under-construction retail on the market in the Southeast and Southwest. Work to Begin on $576M Trinity River FORT WORTH, TX-Demolition of shuttered motel and candy factory will clear way for construction of new bridge across Trinity River. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Starwood Energy Closes on $433M Fund • Atlantic Yards Opposition Seeks Further Approval • Construction Begins on $317M Hospital • College Opens New $220M Research Facility • WRIT Acquires West End Office for $182M • Rreef Buys 336,107-SF Chantilly Flex Portfolio • BPG Hands out 1M-SF Assignment • Rossyln Portfolio C-Note Moves at Discount • Braddock Place Trades for $107M • LiMandri: New Construction Codes On the Horizon • Two Buyers Close on $100M Office Buy • JBG, Scheer Partners Form $100M Biotech Fund • Integral Systems Takes 131,451-SF Building	Southwest     Print Full Region • Cole Cos. Refuels Till With $135M Facility • JLL-Staubach Brokerage Tossing Down Gauntlet • Behringer Harvard Bags $131M CBD High-Rise • McShane-Led JV Options Site for 60,000-SF MOB • Katy Railroad Building Hits Sales Block • Grubb & Ellis/BRE Gets 255,477-SF Assignment • Turnpike Buildings Rally 243,347 SF in Signings • 315,000-SF Spec Project Coming to Satsuma Park • 150,000-SF Building Next For SkySong • KanAm Grabs Denbury Twin to Secure Campus • 11,560-SF Marketplace Breaks Ground
Midwest     Print Full Region • Deloitte Mulls Tower in $400M-Per-Year Plans • Two Casinos Open Near Indianapolis • JLL Hopes Merger Offsets Slowdown Threats • CCS Sets Up $145M Redo of Historic Argonaut • IBM Claims Greenest Data Center in North America • Bay Valley Foods Signs On for 600,000-SF BTS • SVN Assumes 416,225-SF MXD Portfolio for $20M • Pure Fishing Lands 400,000-SF BTS in Skyport • Local Experts Say Retail Down but Not Out • Springhill Added to $86M New Office Project • Baker & McKenzie Seeks 300,000 SF at Tower	West Coast     Print Full Region • $303M Applebee’s Sale-Leaseback Cuts Debt • Monaco Ramps Up Luxury RV Resort Development • Cost Plus Board Shuns Pier One Offer • Amcal Breaks Ground for 100% Affordable Project • Maguire Selling OC Assets; Execs Exiting • Vegas Visitor Volume, Hotel Occupancy Dip • Rockefeller Wins VA Clinic Project • First Industrial Realty Trust Buys 440,000 SF • 120 Howard Gaining Four Floors, New Address • Behringer Harvard Moving Forward on Lofts Project
Southeast     Print Full Region • IDI Moves and Expands HQ to Midtown • Microsoft Buys Its Own Windows • Hampton Inn Sells Soon After Opening • GA Southern Starts New Type of Dorm • Central FL Apartment Sales Stay Strong	Around The Globe     Print Full Region • MGM Mirage, Diaoyutai State Guesthouse Ink First Deal • Calloway Closes on Wal-Mart Centers for $371M • Binswanger Steps Up In Mexico and Poland • Avison Young Gets New CEO • CKE Plans 100 Carl’s Jr. Restaurants in China
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Taubman’s Steve Kieras
Commentary: Rexford Industrial’s Michael Frankel