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	Top Stories for the Week of April 6, 2009	Print Full Issue
	Click Here For Regional Coverage VIDEO: ‘We’ve Been Here Before’ NEW YORK CITY- Mary Ann Tighe, CB Richard Ellis New York tristate region CEO, speaks with Incisive Media’s John Salustri about the recession and the local market. Korean Air Plans $1B Hotel, Office Complex LOS ANGELES-The company retains Downtown L.A.-based Thomas Properties Group to develop the nearly 1.8 million square feet of hotel, office and retail space. Dow Chemical Sells Morton Salt CHICAGO-A German fertilizer maker has purchased the Chicago company for $1.675 billion. Hancock Tower’s Price Cut in Half BOSTON-The John Hancock Tower may sell for half of the $1.3 billion Broadway Partners paid for it in 2006 if a group of lenders gets its way, according to reports. DC Recession: Last to Fall, First to Recover WASHINGTON, DC-Declining office fundamentals suggest once invincible DC is headed for double-digit vacancies. Report: Buttressing the Office Market BOSTON-The Greater Boston area is looking to stay pat, experiencing lower sublease space, a limited construction pipeline and proactive landlords. Weingarten to Investors: Tenants Rule HOUSTON-Weingarten executives say that basic-service tenants and plans to boost cash will help the REIT wrestle the recession. Q1 Report: Bottom Still To Come in CBD CHICAGO-Execs say sublease space and vacancy will continue to rise and effective rents fall in the CBD. Q1 Stats Prompt Overbuilding Concerns DALLAS-Office statistics from early 2009 show a decrease in tenant demand and the specter of three million square feet coming on line. Private Sector Loses 742,000 Jobs in March ROSELAND, NJ-The manufacturing industry shed 206,000 jobs, while construction let go of 118,000 employees last month. Stimulus: Possible Help, No Panacea LOS ANGELES-The economic stimulus plan may ultimately provide some help for commercial real estate, but it will have an indirect impact at best, industry leaders say. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Office Forecast: Cloudy With Periods Of Rain • BAE Solidifies 360,000-SF DC Footprint • Office Leasing Sees Double-Digit Declines • Mark to Market Closer to a Necessity for Recovery • Despite Lawsuits, Atlantic Yards Sees '11 Opening • Smart Growth vs. Suburban Sprawl on Long Island • Capmark Delays Annual Report, Future Uncertain • Rite Aid Slows Growth, Closes Stores • More Bad News for Homeowners • Gramercy Settles $175M Obligation • Raytheon Consolidates Facilities in 600,000-SF Deal • Duke Marches on $950M Army’s Mark Center • COPT Offering Raises $63M • Paterson: Fiscal Discipline is Key • Judge Tosses Suits on Billboard Laws • Reducing Tax Liability • Port Authority Posts Inspection Records • Eska Renews 152,600 SF at First Potomac Facility • idX Inks 434,490-SF Industrial Lease • Office Market: The Waiting Game • Judge Favors City in Union Square Park Ruling • Simson Moves to Newmark Knight Frank • GSH Wins Port Authority Energy Bid • Prepping For Summer • Renewals Fueling Industrial Activity • JER Stock Moves to OTC • Charter Bankruptcy Won’t Impact Real Estate • Panel: Corporate Outsourcing Evolves • Furniture Chain Takes Vacant Linens Site	Southwest     Print Full Region • Betts Leaves TNP To Join C&W • KBS Buys 505,000-SF Providence Towers • Small Deals Reign So Far In 09 • Investor Enters Market With Ridgegate Buy • Q-Edge Targets Former Nokia Facility • Colliers Starts Asset Receivership Group • Agreement Imminent on 2M-SF Campus Sale • Q-Edge Leases North of 365,000 SF • Austin Portfolio Financing Completed • Winn-Dixie To Expand In Louisiana • Alliance Is First At 3,500-Acre Westport • Restaurateur Plans Upscale Eateries
Midwest     Print Full Region • Borders Reduces Debt by $218M • JLL Hires Industrial Guru for St. Louis • General Growth Still Seeks To Resolve Debt • ProLogis Leases Up 225,000-SF Warehouse • Opus North Names Queenan CEO, President • $118M Facility Targets Maturing Debt • Partnership Grabs 121,000-SF Industrial Building • Midwest Exchange Expands With Building Purchase • Scottrade Buys Two Buildings, Land • Hyper Microsystems Leases 197,000 SF • Forest City Sees Per Share Decrease in Q4, 2008 • BPG Converts 548,000-SF Office Campus • Alliant Opens Local Office, Hires Leadership • Finish Line Tests Smaller Formats • DeVry Leases 144,500 SF • Bridge Completes $27M Park Butterfield	West Coast     Print Full Region • MGM Mirage Covers Partner’s CityCenter Co-Pay • Tight Market, New Formats in Store for Retail • CBRE Wins 17M-SF Panattoni Portfolio • Sands Looks to Restart Macau Resort Project • State Supreme Court Mulls Would-Be Ballot Issues • Ex-Sunrise Development Team Begins Anew • Western National Nabs 448-Unit Contract • CBRE Bolsters Occupier Services • BRE Investors Tender $291M in 2011, 2013 Notes • Report: Colony Capital Mulls CityCenter Stake • Partner Engineering Buys Assets of LandAmerica Unit • ‘Substantial Doubt’ About Riviera Holdings • Gottschalks Close-Out; 59 Stores, 5.2M SF • Multifamily MLS Comes to City by the Bay • Sycamore Targets Distressed Condos, Notes • PATH Takes 111,000 SF at 2201 Westlake • $62M Law Firm Lease Reflects Market Trend • Buyer of $48M Complex Bullish on Downtown • Automotive Supplier Buys Warehouse for $25M • Maguire Sells 86,000-SF Building for $22M • JLL Bolsters Industrial; Three Make EVP at C&C
Southeast     Print Full Region • Retail To Shift by 2015 • Subleases Decimate Office Market • Fundamentals Minimize Jax Retail Downturn • UF: State’s Consumer Confidence Seesaws • Ailing Colonial BancGroup Raises $300M • Belk Posts $213M Annual Loss • Atlantic Station Offers Renters Incentives • Third-Party Managers Gain Business • New Retail for Coastal Sponge Town • Hotel Equities Opens Candlewood Suites • Integra Shores Apartments Finished • Dade Bulk Condo Opportunities Abound • Hirsch Bedner Doubles Office Space • Equity One Makes Changes, Cuts • Keystone Coal Eminent Domain Case Ends • Faison Opens Two Centers at 80% Leased • HHGregg Continues Southeastern Expansion • Aerotropolis Getting Solar Power	Around The Globe     Print Full Region • Report: The Worst Recession Since WWII • British Land Sells Abbey HQ for $169M • Lend Lease, BP Enter New Agreement
Departments
Executive Watch: Bamamobile
UpClose: Real Capital Analytics' White
Commentary: The Retail Connection’s Zimmerman