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Top Stories for the Week of January 14, 2008
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Poplar Point Mandate Narrows to Three Teams
WASHINGTON, DC-The 110-acre site is a key area in the District’s Anacostia Waterfront Initiative, which anticipates more than $10 billion worth of investment.

BofA Agrees to Buy Countrywide for $4B
CALABASAS, CA-The deal bails out the struggling home loan giant and makes Charlotte, NC-based Bank of America the country's largest home mortgage originator.

Towers Rise Over Qatar Island Development
DOHA, QATAR-By year’s end, the first residents will move into Pearl-Qatar, a $2.5-billion master-planned community with 31 towers.

Goldman Extends Lease, Awaits HQ Completion
NEW YORK CITY-Asking rent for space at the One New York Plaza property, where the financial firm is extending its 517,000-sf lease, is around $50 per sf sources say.

$530M Fund's Close-Out Brings $1B Plan to Life
DALLAS-Behringer Harvard closes the books on Opportunity REIT I and simultaneously files another SEC notice to debut Opportunity REIT II.

Troubled Trop Gets $850M Offer
ATLANTIC CITY-A number of suitors energe for the casino hotel, and now Colony Capital has put an actual number on the table.

MGM Mirage, Dubai World Plan $800M Tender Offer
LAS VEGAS-If the duo makes its 10-million-share goal it would reduce MGM’s outstanding share count to 288.8 million and lift Dubai World’s ownership from 6.7% to 8.5%.

Hommel Group Starts $800M Caleb’s Creek MXD
KERNERSVILLE, NC- Caleb’s Creek will include an 18-hole golf course, 6,000 residential units, two hotels and commercial space. It is expected to take three to four years to complete.

Developers Seek OKs for $750M Fort Redo
FORT GILLEM, GA-With the entitlement process expected to last about 18 months, developers could break ground on the project as early as 2009.

Blackstone To Acquire GSO for $620M
NEW YORK CITY-The global alternative asset manager will pay $620 million in cash. Blackstone Holdings units will pay up to $310 million over the next five years.

GlobeSt.com Deploys New Web Offerings
NEW YORK CITY-ALM's Real Estate Media division will launch a series of new online sections and features for both sector and global expansion.

Sullivan County Economy Dealt Harsh Blow
MONTICELLO, NY-The St. Regis Mohawk Tribe rebukes the Department of Interior’s denial of its land into trust application for a $600-million casino to be built here.

Ogilvy Closes on Long-Term Lease
NEW YORK CITY-The agency will shift its local operating units to 636 Eleventh Ave. in 2009. It will occupy 554,800 sf at the Hakimian Organization property.

Canuso, Madison Marquette Unveil 370-Acre MXD
HARRISON TWP., NJ-Canuso Communities and Madison Marquette have a plan in place for one million sf of commercial and 1,200 residences.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Westfield To Run Retail Project at Ground Zero
City, Honeywell Agree on Cleanup
SL Green Hangs For-Sale Sign on 1250 Broadway
Cambria Suites Caps $250M Southpointe II
$164M Loan Funds Predevelopment Costs
Higgins’ Eastern PA Strategy Tops $100M
Merck Finds Buyer for 327-Acre Cherokee Site
Office Market Still Strong; Future Uncertain
13-Building Package Goes on Market
Incentives Lure Blue Sky to Greenwich
$76M Trade Illustrates Capital Market Turmoil
Flat Market the Outlook for '08
Excess Space Picks Up 220 Rent-A-Center Stores
Sheldon Gross Launches 300,000-SF Spec
Southwest     Print Full Region
EastGroup's Two Capital Moves Generate $278M
Hines Fund Closes $271M Deal for CBD Trophy
$175M Boost Pushes Colonial’s Business Plan
Expansion In Works for $146M Medical Campus
Dunhill Shells Out $102M for 589,201-SF Center
$90M-Plus Plan Emerges for 400-Acre Purchase
De Rito's $88M Purchase Opens New Door for Firm
Oil & Gas Firm Benches Lease To Buy 340,869 SF
Dow Leases 280,000 SF; Sells Vintage Campus
Dallas Optimism Prevails at '08 Start
BGK Opens '08 With Back-to-Back Office Buys
10-Year Lease Opens Door to Sundance Square
KBS Realty, BGK Ink Deal for 224,630-SF Office
1031 Exchange Buyer Gets 200,612-SF Office Deed
Midwest     Print Full Region
Macerich, Alaska Buy MXD Center for $515M
First, CalSTRS To Invest $475M Overseas
First, CalSTRS Form $285M Canada JV
Northern Plans $150M MXD Project Downtown
Hines Buys Local ING Complex for $120M
Prime Distribution To Occupy More Than 1M SF
Dex Media Filling 280,000 SF of New Development
Deitcher, Sterling Buy 108,000-SF CHA Office
WEG Electric Motors Signs Lease for 79,000 SF
Siemens Expands to 51,000 SF in Troy Park
Ramco-Gershenson JV Buys Centers for $69M
Meritex Divests Office, Warehouses for $57M
Oxford Plans $48M-Plus Hotel Wacker Redevelopment
West Coast     Print Full Region
Village at Irvine Spectrum Marks Completion
Rexford Develops 241,000-SF Don Julian Site
Swig Lands Full-Building Replacement for Bank
135,000-SF Project Targets Small Users
PREI Buys 150 Spear St. for $142M
G REIT Plans Liquidating Trust
Stanford Research Park Building Trades for $85M
$54M Loan Follows Rare 27-Month Rate Lock
274 Brannan Trades for $51M
90,000-SF Rearden Lease Fills Parkside Towers
Bentley Forbes Names Dezzutti as COO
Colliers International Acquires Bradco Cos.
Subprime Slump Batters OC Office Market
McShane, MetLife Start on 1M SF Plus of Industrial
Southeast     Print Full Region
First Industrial Adds 850,000 SF to Portfolio
MI Buyer Takes 475,000-SF Office Portfolio
Q1 Start Set for $84M Residences at Fountains
Regency Partnership Buys Seven Centers for $77M
165-Key Hilton To Be Part of Biltmore Park
MetLife Sees 68,000 SF in Leasing Activity
Around The Globe     Print Full Region
Parque Arauco Adds to Santiago Mall Holdings
Jamaica Estate Hits Market at $50M
Gazit-Globe Makes First Foray into Brazil
ProLogis London Rail Park On Track
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Attorney Anton Natsis
Commentary: Global Insight's Nigel Gault


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