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Top Stories for the Week of May 12, 2008
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SVN Selling Offices to Focus on Franchises
IRVINE, CA-Sperry Van Ness places its 10 corporate offices on the market to focus entirely on expansion through franchises, which have led the company's growth.

GSE to Raise $6B Despite Q1 Loss
WASHINGTON, DC-Fannie Mae is planning to raise $6 billion in new capital in the wake of rising credit losses for the agency.

AmREIT On Track to Buy $2B Within Three Years
HOUSTON-In a Q1 earnings call, the REIT's senior team regard 2008 as a launching pad for acquisitions. They say more product and fewer buyers are working in their favor.

RE Forum's Aygoren Carranza Wins NAREE Awards
DALLAS- Sule Aygoren Carranza earns a first-place award for a January 2007 article about corporate consolidations and runner-up in the best entry by a young journalist.

Stem-Cell Grant Will Yield $1.1B in Projects
SAN FRANCISCO-The institutions receiving the $271-million grant will invest upward of $1.1 billion to get 800,000 sf of facilities up and running within two years.

Regency Forges Ahead with New Centers
JACKSONVILLE, FL-The grocery-anchored retail developer has $1.1 billion invested in 48 projects.

UDR Ready to Start Work on $1B Vitruvian Park
ADDISON, TX-Ground breaks tomorrow on phase one of the developer's largest project in its history and the city's largest sustainable development. Build-out will take until 2017.

Editorial Shifts Reflect REM’s Integrated Focus
NEW YORK CITY-John Salustri becomes editorial director, while Ian Ritter takes the Online Executive Editor’s chair and Connie Gore is named the website’s national news editor.

$960M Loan Funds 12M-SF Portfolio Buy
NEW YORK CITY-Locally based iStar Financial Inc. acquires a 34-property portfolio located in 12 states. The portfolio consists of single-tenant office, R&D and industrial properties.

CBRE Realty Trust, Duke Form $800M JV
LOS ANGELES-The deal calls for the JV of CB Richard Ellis Realty Trust and Duke Realty Corp. to acquire up to $800 million of industrial projects from Duke.

$800M JV Names Properties for Acquisition
LOS ANGELES-The newly formed venture of CB Richard Ellis Realty Trust and Duke Realty Corp. plans to acquire six properties in Arizona, Florida, Indiana, Ohio and Texas.

Energy Firm Plans $750M Power Plant
WAWAYANDA, NY-The firm files plans to build a gas-fired combined cycle energy plant on a 120-acre site near Route 6 and I-84 here.

Multifamily Market Feels Pressure From Economy
DALLAS-The single-family housing meltdown has trickled into the multifamily sector in terms of investment, development and supply at NAREE's spring conference.

JV Expects to Amass $636M-Plus Retail Portfolio
LIVONIA, MI-Schostak Brothers & Co. and BVT Equity Holdings currently own a $136-million portfolio of shopping centers in 14 states.

Tropicana Bankruptcy Filing Details Downfall
LAS VEGAS-Court documents lay out the events that led to the filing, primary among them being regulators’ not renewing its license to operate the Atlantic City Tropicana.

Atlantic Yards Rally Urges for Time Out
BROOKLYN, NY-Despite delays, clouds of uncertainty, and a mega-rally to stop the $4-billion project, Ratner says the project is moving forward, and will be built in its entirety.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Swig MXD Tower Has Industry Confidence
Orange Regional Closes on $261M Bond Deal
Toll Proposes MXD Performing Arts Complex
Cantor Fitzgerald Launches Real Estate Group
University Starts on $210M Project for Growth
Linens ‘n Things To Close 12 Metro NYC Stores
Columbus Village Gets Permit Revocation Order
Broadway Rolling Out 200 State St. Tower
MIT Expands With $90M Portfolio Buy
Colony Realty Completes $82M Portfolio Buy
Southwest     Print Full Region
Broadway Partners Gets Contract for CBD Office
DeBartolo Ready to Start $150M Mountain Vista
TCC Working on MXD Plan to Support KBR Campus
Neiman Marcus Last Call Signs Anchor Lease
Hermansen Prepping Site for $100M-Plus MXD
Hermansen, Rosewood JV on $50M Boutique Center
Newquest, Koll Earmark 14 Acres for Office Plan
82,574-SF Lease Renews Sale Talks for Empty Box
Morgan Stanley Leasing 71,174 SF for Saxon HQ
Lane Stakes First Austin Claim With 290 Units
Midwest     Print Full Region
KC’s Bond Issue Kicks Off $360M East Village
Casino Secures $340M Construction Financing
Edward Jones Seeks Rebate for $260M Expansion
Downtown Nixed, Centene Plans $215M HQ Redo
Downturn Creates Suburban Leasing Opportunities
Fisher/Sears Joins SVN, Expects $45M in Sales
TPC Sets Up 56,000-SF Medical Office Park
48,000-SF Center and Outlot Sell for $7M
Clearblue, XO Renew Offices for 48,990 SF
Evenson To Lead Equis’ Twin Cities Office
West Coast     Print Full Region
A&B Properties Wins OK for 179-Acre Project
$126M Hypo Loan Funds Ygnacio Center Purchase
Amcal Unveils Affordable Housing Project
Tejon, Environmental Groups Strike Deal
Tiffany to Open Third Vegas Store at Citycenter
DBN Development Gets OK for Radio Square
Retail Center, Office to Surround Bar and Grill
Location, Control Key for Arroyo Market Square
Developer, School District Ink 15-Acre Deal
Southeast     Print Full Region
Simon Opens New Beachside Center
Crosland Begins Work on Upscale Retail
Kelly: Capital ‘Dam’ Won’t Stay Closed
AWES Launches Water Conservation Program
Apartment Investors Still Looking at Atlanta
South Florida Industrial Levels Out
Crossman Sees Success in Spite of Economy
Around The Globe     Print Full Region
Merlin-Tatweer Alliance Debuts $249M Legoland
Wyndham Finalizes 10-Year Franchise Pact
Bosch-Siemens Signs 860,000-SF BTS Lease
ProLogis Buys $86M of Korean Industrial Assets
Cushman & Wakefield Opens New Asian Office
Departments
Executive Watch: Executive Watch
UpClose: CBREI's Ethan Penner
ViewPoints: Get Real and Get Ahead
Commentary: Pacific West Association of Realtors Mike De Leon


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