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	Top Stories for the Week of September 15, 2008	Print Full Issue
	Click Here For Regional Coverage Lehman Spins Off CRE Into Publicly Traded Firm NEW YORK CITY-The investment bank is spinning off $25 billion to $30 billion into a separate entity called Real Estate Investments Global by next year’s Q1. Feds Seize Fannie, Freddie WASHINGTON, DC-The US government has taken control of Fannie Mae and Freddie Mac and ousted the mortgage giants’ CEOs. Behringer Harvard Opens IPO, Targets $2B Raise DALLAS-Behringer Harvard Multifamily REIT I Inc. hits the streets with a plan to raise $2 billion of equity to fund acquisition, development and investment into US projects. GFI Forms $1.2B JV NEW YORK CITY-The partnership with the Carlyle Group will provide $1.2 billion of buying power with $300 million worth of equity to invest in CRE assets nationally. Funds Are Buying Debt, Not Assets NEW YORK CITY-Participants in an opportunity fund power panel see a bright future but say the present is a period of inertia. Paterson Reconsiders Moynihan Station NEW YORK CITY-The long-sought, long-postponed Westside station in Manhattan is getting another look with some conditions attached. Lending Crisis To Worsen Before It Gets Better NEW YORK CITY-In today's environment, where capital for real estate has dried up, insiders say although good fundamentals are key, 'you have to be forward thinking.' Fannie, Freddie Takeover Spurs MBS Purchases WASHINGTON, DC-Part of the plan calls for Treasury to directly purchase GSE MBS to complement the GSEs’ own portfolio purchases. Park Capital Plans $1B in Investments MIAMI-The private equity firm says it already has plans to finance $200 million this month. RealShare South FL Provides Answers MIAMI-Credit crisis and foreclosures will be discussed during the half-day event. Kitson Gets $750M Commitment PALM BEACH GARDENS, FL-Evergreen Real Estate commits $750 million to the local developer. Site Work Gets Under Way for $700M WaterLights HOUSTON-Historic Real Estate starts work on phase one of the 150-acre WaterLights. The early 2010 delivery will bring a hotel, 300 condos, class A office and 95,000 sf of retail space. Stadium Naming Rights Could Hit $600M EAST RUTHERFORD, NJ-The NFL’s Giants and Jets are said to be deep in discussion with German-based financial giant Allianz. Print Top Stories

Regional Coverage
Northeast     Print Full Region • $218M Produce Center Breaks Ground • 'China, China, China' Still Top of Mind • New Green Park Office Expects $200M in Deals • CRE Delinquency On the Upswing • $181M Takes 1M-SF Office Campus • Sources: NYC Banks Will Escape Crisis Unscathed • DC Seeks Partner for $170M Redevelopment • $167M Nets 200 State St. • Panel: Financial Crisis Not CRE Driven • Lawyers Worked Weeks on Plan for Fannie, Freddie • Investment Group Works $165M Refi • $150M MXD Gets Final Design Roll-Out • Panel: NYC Remains a Magnet for Investors • USGBC Distributes Green Building Grants	Southwest     Print Full Region • $250M Book of Business Seeding Investment Firm • Constellation Expands $200M Urban Project • Green Wind-Proof Design Braces for Ike's Test • Veterans Point to Past for Today's Optimism • Duke Parks 500,000 SF of Office With Peloton • Capital Markets' Turmoil Clouds Some Realities • Out-of-State Investors Circling Office Deals • Comerica Raises Red Flag on CA Commercial Loans • Off-Market Play Nabs 172,500-SF Duo • Headworks Finds HQ Site in Northwest Submarket • Smashburger Makes Texas Next Stop for Expansion • Studio Movie Grill Signs Five-Year HQ Lease • Dallas Chop House Lands Prime Spot in Downtown • Belco Acquires 308-Unit, Fire-Damaged Complex
Midwest     Print Full Region • Hammes Co. Develops $455M Hospital Campus • Seniors Housing is Not About the Boomers • Lauth Resumes Work on $250M Distro Park • Arvato Expands to 678,000 SF in North Market • RM Crowe Adds Med Office to $150M Portfolio • First Ikea in Colorado to be 400,000 SF • BremnerDuke Builds Med Office on $355M Campus • Roman Inc. Buys Industrial for Headquarters • Inland Borrows $140M, Plans Retail Purchases • Younan Agrees to Buy 180 N. LaSalle for $124M • First Industrial Buys Adesa Sites in $74M SLB • Bear, Zonta Buy Office Condos at 55 W. Wacker	West Coast     Print Full Region • Regulatory Probation, New CEO for WaMu • $285M Deal Recapitalizes 1M-SF US Bancorp Tower • Developers Name Buchanan to Fund $218M Project • El-Ad Settles 1 of 2 Vegas Lawsuits • Hotel Sales Plunge as Economic Woes Take Toll • State Inks $193M Lease for Highway Patrol HQ • Walls Rise at 303,000-SF Patriot Commerce Center • Owners Retool Buildings for Logistics, Distribution • Texas Companies Buy Vegas Nightclub, Pawnshops • Amazon to Distribute from ProLogis Park North • JH Real Estate Moves Into Retail With $65M Buy • Buyers Acquire 175,000 SF of Industrial Buildings • Longtime BOMA Leader Barbara Harris Dies • Dermody Busy Rebuilding, Reshaping Portfolio
Southeast     Print Full Region • New $65M Center Part of $1B Expansion Plan • Highwoods Expects $192M Net Proceeds • Riverbend TOD Plans for Next Phase • Apartment Building Slowdown Helpful • Shailendra Group Starts Midtown MXD • Creekside Buildings Open for Business • Sterling Sells to Encore Enterprises	Around The Globe     Print Full Region • $315M Songdo Cultural Development Starts • Canadian Tire Sells 12 Stores for $164M-Plus • JLL Switches Up International CEOs • JER Partners Hires Local Team for Investment • $19M Nabs 195,000-SF Office/Retail
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