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	Top Stories for the Week of July 21, 2008	Print Full Issue
	Click Here For Regional Coverage Paulson Lays Out Plans for Fannie, Freddie Bailout WASHINGTON, DC-The Treasury department's plan to backstop Fannie Mae and Freddie Mac may help for now, but the tertiary effects will be felt deeper. Perini Wins Contract for $1.8B Airport Expansion LAS VEGAS-Clark County’s Board of Commissioners votes to award the contract despite a protest by the losing bidder and a letter from an airline asking them to reconsider the need. Macerich Arranges $1B in Mall Financing SANTA MONICA, CA-The shopping center REIT lines up new loans on five properties and a commitment on a sixth financing, using proceeds to pay down the company's line of credit. Port Experts Weigh In on Security Measures HOUSTON-With $400 million of port security grants to tap, more than 200 leaders delve into industry issues and see first hand the newest technology for guarding ports. GGP Closes on $875M for Maturing Loan Payment CHICAGO-The retail developer and owner expects to receive an additional $875 million, bringing the loan facility to $1.7 billion. RAIT Files $750M Stock Plan with SEC PHILADLEPHIA-The REIT has submitted a shelf registration with the Securities and Exchange Commission, allowing flexibility in the timetable for issuing stock. State, IBM Make Investments for Facilities, Jobs ALBANY-IBM will invest $1.5 billion and the State will invest $140 million to secure IBM's commitment, to create 1,000 new jobs and help upgrade and build new IBM facilities. NRDC Completes Hudson’s Bay Co. Acquisition SCARBOROUGH, ONTARIO-The New York City-based firm has invested $500 million in North America’s oldest retailer, and has renamed the division after the company. REITs Will Hold Back from Centro-Type Deals MELBOURNE, AUSTRALIA-The local company is selling 29 of its US properties for $714 million. This size deal is only available to private investors today, an expert says. Construction Complete on Echelon at K Station CHICAGO-The building is 25% leased. Construction is now underway on Alta and Cirrus at the $750 million, 2,400-unit master-planned development. Carlton Raises $630M for 666 Fifth Ave. Recap NEW YORK CITY-Carlton arranges a $325-million first mortgage, $135-million mezzanine mortgage and $170 million in equity from a $3-billion fund for the office and retail asset. Construction Changes To Strengthen Safety NEW YORK CITY-There are 33 specific recommendations made in a report revealed by Mayor Bloomberg designed to improve the safety of abatement and demolition operations here. Capital Trust Finalizes $540M Investment Fund NEW YORK CITY-The locally based company will invest $25 million, with the remaining equity coming from third party investors. Rubicon Sells 14 US Offices in $515M Deal SYDNEY, AUSTRALIA-The local REIT is getting rid of almost half its properties in the sale. Buyer UrbanAmerica looks to acquire $1 billion in multiple-asset types. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Residential Building Expected to Fetch $200M • GSEs Hold Steady in Wake of Stock Meltdown • Arena Closing May Be Positive Development • Merrill Lynch Abandons WTC • Affordable Housing Bill Increases Opportunities • Census Bureau: City’s Population Keeps Ebbing • State Ups Affordable Housing Awareness • Italian Firm Looks To Shed 660 Madison Stake • Knight Capital Completes $75M Libertas Buy • Class A Office Nets $200M-Plus • Three SL Green Buildings Get Redo Programs • Hudson River Park Trust Seeks RFP for Pier 57	Southwest     Print Full Region • Roszak's Condo Plan Gets Moving for $200M MXD • Houston's 5M-SF Retail Pipeline Leading State • $150M-Plus Plan Backing 1M-SF Mall Acquisition • Office Tenants Gaining Upper Hand in Phoenix • TCC, Crow Holdings Pull Trigger on 2M-SF Park • SIA Partners Plans Exit With 1,373-Unit Sale • Tucson Market Getting Nearly 2M SF of Retail • Lafayette Development Unveils $135M Project • TIAA Hanging $100M Tag on 728-Unit Portfolio • 446-Unit Cameron Creek Closes Out $100M Pool • McShane, MetLife Begin 253,838-SF Spec Project • Hurricane-Ravaged Asset to Get $27M Makeover
Midwest     Print Full Region • $11B Plastics Venture Seeks Detroit HQ Site • $325M Solaris Condos Secures Financing • Council Agrees to Stadium Sale for $175M MXD • GE Repositions 1M-SF Allied Commerce Center • Inland Groups buy Bank Offices for $153M • MillerCoors Picks Chicago for Corporate HQ • Bridgestone To Decide Soon on $100M Center • 408-Unit Apt Complex Sold to Partnership • Opus Breaks Ground on $62M Retail Center • AlixPartners Signs On at 300 N. LaSalle	West Coast     Print Full Region • Casinos' Take Year-to-Year Suffers 15% Dip Statewide • Site Work Underway for City’s 700-Acre Biz Park • Sunbelt Unveils New Professional Center • Report: California Teeters on Edge of Recession • El-Ad Suffers Setback in Brokerage Fee Lawsuit • Conflicting Reports Obscure Vegas Retail Market • Coreland Lands 750,000 SF in New Assignments • Nordstrom Plans 122,000-SF Store at Macerich Mall • Seagate Expands within Westcore Building • New Tenants Take 65,000 SF of Office Space
Southeast     Print Full Region • Ultra-Luxury Condos Planned for South Beach • Group Revives Downtown Retail Site • TIC Investors Buy Plantations at Haywood • Redwood Buys Collier Ridge Apartments • Inside a LEED Pre-Certified Office Project	Around The Globe     Print Full Region • Historic Building In Line for $223M Hotel Redo • QPG Starts on Two-Tiered Emporia Towers • Chelsea Expands Retail Outlet to 393,000 SF • JLL Hotels, HIA Align Teams to Mine Brazil • W.P. Carey Group Nabs $58M German Acquisition
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