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	Top Stories for the Week of October 27, 2008	Print Full Issue
	Click Here For Regional Coverage Sources: Other Brokerages to Follow C&W in Cuts NEW YORK CITY-With C&W reducing 'a small percentage of jobs,' industry experts say that reductions are not localized to one company, and will continue across 'all the major brokerage firms.' Darkness Before Dawn for Hotels NEW YORK CITY-A GlobeSt.com Webinar panel expects rough times leading to recovery in 2010. ULI: Tough Road for CRE in 2009 WASHINGTON, DC-The next 12 months will be tough, the agency says in a new report--but selected opportunities will open for the cash rich. First REIT President Quits as Stock Drops 66% CHICAGO-Mike Brennan resigned Wednesday from First Industrial Realty Trust, which he helped create in 1994. Word on the move will come up in the Oct. 30 conference call. Yahoo Job Cuts Pose CRE Questions SUNNYVALE, CA-News that Yahoo Inc. will lay off 10% of its work force, or about 1,500 employees, raises questions about whether the cuts will place more office space on the market. Lehman's Parisian Towers On the Block PARIS-Anticipation builds for the sale of the Coeur Defense Towers, according to a Wall Street Journal article, under the shadow of light CRE deals in Europe. Treasury Implements Capital Purchase Program WASHINGTON, DC-It is unclear how many institutions will participate; Treasury reports that there are enough funds for any qualified bank that applies for the program. AMB's Moghadam Talks Market Conditions SAN FRANCISCO-The industrial REIT's chairman takes the opportunity to give analysts his take on the most unpredictable and unsetting financial environment in modern history. DDR Cuts Back, Says Mervyns Sites Are Fine CLEVELAND-The REIT’s chairman and CEO is promising deleveraging, property sales and development halts. The 37 Mervyns stores are protected by letters of credit. Print Top Stories

Regional Coverage
Northeast     Print Full Region • List Grows for Treasury Money Spigot • Leasing Panel: No Quick Recovery • Experts: Retail Turns ‘Darwinian’ • Office Market Bending, Not Breaking, Yet • MBA Forecasts Negative '09 Growth • GFI Development Reveals Hotel Plans • Coach Continues Domestic, Asia Expansion • Pier 57 Gets New Proposals for Development • Donatelli To Develop $108M Transit Project • Midtown Schools Will Anchor MXD • BPG Properties Sees Upside in Downturn • NYCEDC Advances With Willets Point Agreements • Phase I Construction Begins on Nearly 4M-SF Project • NRDC Readies 385,000-SF Shopping Center • DC Unveils 178-Acre Redevelopment Plan • Tropicana Seeks Operational Control	Southwest     Print Full Region • Dallas Bucks Its Past: '08 Victim Not Culprit • Phoenix Industrial Loses Ground in Q3 Analysis • Q3 Multifamily Results Grim in Phoenix Market • Austin Multifamily Pros Warily Eyeing Pipeline • $200M Watters Creek Hits Milestone, More Coming • 880 Acres for $500M MXD Up for November Auction • Perry Expects Cutbacks by All State Agencies • 188-Unit Village of the Woodlands Planned • $250M See-Through Condo Moves to Auction Block • Levcor, CalSTRS Plan Hedwig Village's Sale • Public Gets First Look at $155M Museum Plan
Midwest     Print Full Region • GM, Chrysler Merger Threatens Detroit Markets • Target Promises More Deals, Fewer New Stores • DDR Sells 13 Assets for $890M, Keeps Share • Freed Nears Deal for 380-Room Block 37 Hotel • Zurich Financial Hires UGL to Manage 8M SF • McDonalds Looks to China for Expansion • Retail Developers Halt New Plans in Slowdown • Barry Halves Condos at $125M Downtown Project • Retailers Sign On to Evolving $300M CityGate	West Coast     Print Full Region • Apartment Market Softens as Job Growth Slows • Location, Technology Drive Bay Area Outlook • DP Partners Joins Downtown Redevelopment • Rare Beachfront Apartments Command $49M • New Metro Police HQ Lease Totals $500M • $150M City Arena Opens Paid-For, Debt-Free • Watt Commercial Names Susan Rorison President
Southeast     Print Full Region • Equity One Closes $227M Credit Line • Economy Hammers Bay Area Industrial • ‘Design-Build’ May Be Headache Relief • Met 2 Secures $250M Construction Loan • G&E Adds Industrial Investment Team • Industrial/Office Park Planned for FTZ
Departments
Executive Watch: Portable Executives
UpClose: Goodwin Procter’s Mastroianni
Commentary: Mark Gilbert on Last Week’s Poll