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	Top Stories for the Week of August 18, 2008	Print Full Issue
	Click Here For Regional Coverage BentleyForbes Plans to Build $12B Portfolio LOS ANGELES-The investment and growth program will expand the privately held firm's $3 billion portfolio to $12 billion by the year 2014. CVS Caremark to Swallow Longs Drugs for $2.9B WALNUT CREEK, CA-Longs owns $1 billion worth of real estate that CVS would realize through sale-leasebacks. Source: Enhanced WTC Security, Mostly Positive? NEW YORK CITY-The NYPD's security proposal for the World Trade Center site has some industry sources questioning whether some Downtown sectors could suffer, despite the positives. $2B Hotel/Casino Picks Seaside Theme ATLANTIC CITY-However, Pinnacle Entertainment officials are still hedging on when they will start construction for the project. Index: Recovery Far Off for Capital Markets WASHINGTON, DC-The Real Estate Roundtable’s new prognostication tool is not providing much hope for a recovery in the next 12 months. Desert Dream Gets Spot for $1.7B Tower Project DUBAI, UAE-Desert Dream Real Estate will build a 48-story residential tower, with high-end retail, in Nakheel's Waterfront development. Paramount Closes on $1.5B Tower Buy NEW YORK CITY-The 45-story, 1.8-million-sf office tower at 1301 Avenue of the Americas is between 52nd and 53rd streets in Midtown Manhattan. L&L/Prudential JV Will Look for Discounts NEW YORK CITY-The partnership between L&L Holding Co. and Prudential Real Estate Investors expects to acquire $4 billion worth of office properties, mostly in Manhattan. Eaton Vance Continues $850M Investment Spree OWINGS MILLS, MD-Its latest transaction in the area is a two-building office complex occupied by CareFirst BlueCross BlueShield. Boston Properties Closes on Two Tower Buys NEW YORK CITY-The company pays $705 million for 540 Madison Ave. and Two Grand Central Tower, which are part of a nearly $4-billion portfolio buy from affiliates of Macklowe Properties. Full Steam Ahead for $700M Resort-Casino HENDERSON, NV-While other projects stall, M Resort, which topped out last week, glides toward its early 2009 opening. Vornado, Reliance In $500M Retail JV MUMBAI, INDIA-The firms are investing in 500,000-sf to one-million-sf centers anchored by Reliance hypermarts. HCP Closes $500 Million Equity Offering LONG BEACH, CA-The healthcare properties REIT completes an offering of 14.95 million shares at a price of $33.50. It will use proceeds to repay debt. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Boston Properties Finalizes $444M Office Buy • Reis Spurns CoStar’s Second Bid • Greenbelt Multifamily Trades for $275M • Merger Cements Firm's Staying Power • Military Bases Get $179M for Capital Projects • Report: Casinos Don’t Fit with Waterfront Plan • Brookfield, ING Deliver 326,000-SF Office • $160M MXD Project Gets Thumbs-Up • Sportswear Apparel Company Leases 358,000 SF • New Walker & Dunlop Exec Raises $100M Fund • 256,000-SF Art Deco Tower Gets Makeover	Southwest     Print Full Region • $137M Convention Center Gets Moving in October • Dallas Owners Lining Up to Woo Winstead's HQ • Koll-Harbert JV Begin 448,550-SF Spec Plan • Zoyto Leases 101,800-SF Warehouse for New Hub • Peoria Leaders Eyeing New Downtown Plan • FortGroup Puts New Flag at Texas A&M, 852 Beds • Jackson-Shaw Opens Talks to Expand Concord Pact • 137-Acre Bay Area Park Getting BTS Component • Veteran's Exit Strategy Puts 660 Units on Block • L&B, Barshop & Oles Buy 244,242-SF Brodie Oaks • Stream Jump-Starts Work on 150,000-SF Building
Midwest     Print Full Region • GE Unit Invests $141M in Wind Farm • Amazon Signs 947,000-SF Lease at AirTech Park • Macy’s Refutes Store Closing-Plan Rumors • Construction Underway on 506,777-SF Building • Local Industry Leader Bill Alter Dies at 78 • Uponor To Lease 285,000-SF Build-to-Suit • 63,000-SF Retail Center Sheds for Nearly $16M • Centrum Properties Sells Center for $16M	West Coast     Print Full Region • Colliers International Consolidates in SoCal • CBRE’s St. Louis MD Shifts to Sin City • Qualcomm Buys Two Buildings it Occupies • Overall Silicon Valley Office Vacancy at 12.7% • Nordstrom Continues Growth Despite Weak Sales • Historic Church Considers Mixed-Use Project • First Industrial Adds 233,000-SF Portfolio • Two Industrial Buyers Acquire 287,000 SF • Lowe Enterprises Fund Invests $33M in Hotel • Ice Lounges Coming to Vegas, South Beach, NYC
Southeast     Print Full Region • Cox Puts Valpak Unit on Market • Perseus Forms Port Center JV • ZF Marine Signs Lease for New HQ • Speedway to Become Industrial Site • Terminus 200 Signs Two Restaurants	Around The Globe     Print Full Region • China's Tier 2, 3 Cities Now Gaining Attention • Hong Kong's Urban Blight Under RICS' Microscope • Yoo Joins Multifamily Venture for $2M
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