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Top Stories for the Week of February 11, 2008
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Arden Selling 5M SF, But Still Shopping
WEST LOS ANGELES-The office landlord puts five million sf of Southern California properties on the market but is still on the lookout for acquisitions.

Propinvest Buys Spanish Bank HQ for $2.8B
BOADILLA DEL MONTE, SPAIN-The lease-buy-back deal for 395-acre Banco Santander complex is believed to be largest real estate deal ever in Spain.

Bush Addresses Housing in Budget
WASHINGTON, DC-The GSE's regulatory body is receiving a modest boost in funding and funds are being appropriated for a Department of Homeland Security Headquarters.

Zell Pays $737M for 8% Stake in Starwood Hotels
WHITE PLAINS-The real estate investor now has a 7.7% stake in Starwood based on approximately 191 million shares outstanding as of Dec. 31.

Distressed Investors See Silver Lining Ahead
NEW YORK CITY-With stormy market conditions, and a recession most likely soon to come, it's a good time for distressed players, experts say.

Exel's 882,232-SF Block Passes to Boston Fund
HOUSTON-Invesco ends a long-term hold of Exel Logistics' 35.7-acre industrial campus, City Park East. Comparable space most often fetches about $30 per sf.

Carter, Dawson Near Deadline for $907 MXD
CINCINNATI-The development team of Carter and Dawson say they will easily meet the Feb. 29 date to achieve financing for the 2.8 million sf Cincinnati Banks project.

Eminent Domain Decision Favors Atlantic Yards
BROOKLYN, NY-Forest City Ratner gets a victory in its latest eminent domain case, when the US Court of Appeals affirms an earlier ruling to dismiss the case.

Empire Denies Abandoning Casino Venture
MONTICELLO, NY-The company denies allegations leveled against it by the St. Regis Mohawk Tribe that it intends to abandon their $600-millon casino venture here.

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Regional Coverage
Northeast     Print Full Region
Lord & Taylor Owner Taking Fortunoff Chain
Lowe Acquires 517,305-SF Crystal City Office
Opus East Set to Build 300,000-SF Campus
AC Hilton Will Delay Expansion
Interstate, Harte JV Closes on $208M Buy
$104M Secures 901 K St. Office
SunGard Inks 120,000-SF Midtown Lease
Verizon Takes Another Shot at HQ Sale
Duke Rolls Out Details of GM Plant Buy
NRC Signs 75,000-SF Lease
Southwest     Print Full Region
IDI's $750M Port 35 Plan Ready for Next Level
Cannon Commercial Nears $300M-Plus Deal Closing
GE's $98M-Plus Loan Tops Its Phoenix Deal Stack
$300M Takes 3,041 Units In Three Texas Metros
Bidding Rally Draws $96M for 336,939-SF Office
More Walls About to Rise for 3M-SF Retail Plan
1M-SF-Plus Plans Afoot for Park's Last 93 Acres
213,392-SF Simmons' Pact Lets TCC Add More Spec
Galo Salts $200M Project With 129-Room Hotel
Two Land Sales Lead Off $50M-Plus MXD Plan
Midwest     Print Full Region
CenterPoint, Hunt Ready $416M Industrial Park
McCaffery Begins $400M Mixed-Use Project
KeyCorp Takes 221,000 SF in Higbee Building
UnitedHealthcare SLB’s 188,500 SF to Wells
Parkway Contracts for Citicorp for $140M
Verizon, Regus Renew for 77,000 SF of Office
Domtar Signs 453,000-SF Industrial Lease
ICE and ABC To Develop $50M Senior Housing
IVG Buys Cargill-Leased Office for $50M
GE Provides Cash for 936,000-SF Development
West Coast     Print Full Region
Medical Firm Relocates HQ in $113M Lease
Angelides Joins $2B Canyon Capital Fund
Entitlements in Place for World Jewelry Center
161-Acre Project Prompts LNR Expansion
Western National Adds 1,200 Units
Siegel Buys Gold Spike, Now Owns Half of Block
FX Real Estate Prepares for $100M Rights Offering
Southeast     Print Full Region
Post Continues ‘Business as Usual’ During Talks
Casto JV Pencils Spring Start for $150M MXD
Pinnacle Readies Start for 302 Affordable Units
CBL, Benchmark JV Starts 750,000-SF Center
Place, Education Realty End 13-Asset Lease Deal
Leasing Flurry Hits 75,000 SF at Perimeter Summit
Last Building Begins for Feds' $60M Plan
Crown Acquires More Than 1M SF for $30M
Ram Buys 11 Home Depot Spinoffs for $22M
Winter Properties Hires Fallon as President
Around The Globe     Print Full Region
DreamWorks Theme Park To Premiere in Dubai
Air Freight Group Touches Down in Prague
Major General Denaro Joins StratReal
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
Commentary: Colliers’ Ward Caswell


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