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	Top Stories for the Week of September 8, 2008	Print Full Issue
	Click Here For Regional Coverage Gramercy Capital Corp. To Auction 74 Properties NEW YORK CITY-Carlton Group is marketing the locally based firm's properties it inherited from its $3.3-billion purchased of American Financial Realty Trust earlier this year. GDP, Investment Sales Suggest Stability ENCINO, CA-With GDP growth higher than expected and investment sales demonstrating stability, commercial real estate's prospects appear more stable than some forecasts anticipated. Multifamily Experts See Sector Ready to Change PHOENIX-Veterans say there is light at the end of tunnel with the single-family housing market starting to stabilize and multifamily assets showing higher operating numbers. AvalonBay Fund Packs $950M in Purchasing Power ALEXANDRIA, VA-The fund has equity commitments totaling $333 million, including a $150 million equity commitment from AvalonBay. $6.3B Manhattanville Plan Gets Mixed Feelings NEW YORK CITY-The Columbia University expansion plan, which is expected to add up to 6.8 million sf of new facilities, continues to gain resistance regarding eminent domain. Commercial Assessments Begin In Hard-Hit Areas BATON ROUGE, LA-Gustav's onshore trek is the worst storm to hit the city in its history. Risk management pros are predicting property damages will top $2 billion throughout the Gulf Region. 74 Bank, Retail Properties Gain Buyer Interest NEW YORK CITY-The Gramercy Capital Corp. portfolio, which total 275,000 sf, excluding the six land only assets, range in value from $200,000 to $3 million apiece. Mervyn’s SuesTarget, Private Equity Firms for $1B SAN FRANCISCO-The department store chain claims the defendants fraudulently “stripped” it of its real estate and then doubled its rent, forcing it into bankruptcy. More State Funds for $6B Railyards Redo SACRAMENTO-The latest award for the 244-acre redevelopment brings state infrastructure funding to $65 million. Federal, Grupo Pair for $3B in Developments MEXICO CITY-The two firms have formed a joint venture, and are already working on a $500-million resort project, with 1,600 housing units, a hotel and golf course. Mayor To Resign, Experts Disagree on Impact DETROIT-The larger-than-life Mayor Kwame Kilpatrick has pleaded guilty to a felony, ending his second term. Whether it helps the struggling market remains to be seen. Houston Economy Shows Early Signs of Slowdown HOUSTON-The third annual Houston RealShare created a feeling of muted optimism, with experts seeing continued strong fundamentals and a slight slowdown. Concord Finalizes Equity Loan for $1.1B Redo MONTICELLO, NY-The completion of a $225-million equity financing and the pending $300-million IDA financing move the redevelopment of the Concord Hotel closer to fruition. $1B Fort Redevelopment Gets Key Approval EATONTOWN, NJ-The state agency set up to oversee the redevelopment of Fort Monmouth has voted 6 to 2 to accept the overall plan. Gaylord Resort To Launch $1B MXD Development MESA, AZ-With GM on its way out in 2009, the owner of the automaker's 3,200-acre proving grounds lines up Gaylord to take 100 acres for a resort and convention center. REIT Pays $643M for 29 Senior Properties TOLEDO, OH-Local trust Health Care REIT is buying out Bahrain-based Arcapita’s 90% stake in Sunrise Living-managed housing sites. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Harbor Point Gets $200M Recap • Demand Grows for DC Trophy Buildings • Broad Street Sells $155M Midtown Asset • 600,000-SF Lab Project Gets Thumbs-Up • Hovnanian Q2 Loss Is $203M • Leasing Renewals Fuel Q2 Activity • SL Green's 1515 Broadway Gets $160M Redo • SCOR US Corp. Renews 70,000-SF Lease • Archstone Avenir Lands $90M Loan • Staples Not Pulling Back on Openings	Southwest     Print Full Region • HD Supply Ends Yearlong Hunt, Takes 174,769 SF • Buchanan-Led JV Banking $25M on 504-Unit Asset • 101,232-SF Office Sale Opens Exit Door • OFF 5th Signs 28,000-SF BTS Lease for $1B Rim • 572-Unit Sale Closes Out West Texas Portfolio • Fults Makes It Official: Opens New CRE Shop • TPH Capital Buys 14,984-SF Center • Plug 'n Play Underwrites Office Re-Branding • Triumph Begins Flipping MBS' Assets in Houston • Right Place's New Deals Corner 400-Unit Block • Einstein Bros. Pushing for North Texas Shops
Midwest     Print Full Region • Developer Plans $150M Grindstone River Plaza • Investors Plan Office Conversion in Loop • GE Aviation Chooses Site for $55M Office • Bond Cos., MDC Open 230,000-SF Retail Center • Janko’s New Director To Focus on Acquisitions • Scion Considers Office for Student Housing • City Invests in Rail Spur to Attract Industry • Aimco Sells 440-Unit Hunt Club for $20M-Plus • Liberty Expands with $25M Industrial Building • Brazilian Steakhouse to Anchor 1515 Wynkoop • Hempel, ABR Buy Historic Rand Tower for $10M	West Coast     Print Full Region • $71M Multifamily Sale is County's Largest • Starwood Takes Piece of Palazzo Condos • Suit Over Plaza Name Appears Headed to Trial • Younan Acquires Mezzanine Debt Portfolio • Koll/PER Lands $63M in Financing • $29M Loan Funds Mixed Development • Osbrink To Run Sperry Van Ness for Guardian • Caruso Miramar Plan Wins Panel Approval • Lockheed Takes 158,000 SF at Opus Project • Report: Wrong Resin Worsened Fire • Maguire Sells 324,000-SF City Plaza Office Tower
Southeast     Print Full Region • $84M Loan Secured for Sheraton Renovation • Central Office Market Shows Weakness • AMB Signs 150,000-SF Tenant • State’s Third Ikea Takes Shape • JV Acquires Marietta Business Park for $10M	Around The Globe     Print Full Region • Union Investment Purchases Office for $97M • 475,000-SF Build-To-Suit In Works for C&A • W Hotels Entering UK in London, Manchester
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