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	Top Stories for the Week of January 12, 2009	Print Full Issue
	Click Here For Regional Coverage Obama Outlines Recovery and Reinvestment Plan WASHINGTON, DC-The president-elect continues to focus on alternative energy and infrastructure investment as the path out of this mess. Fed Begins Fixed-Rate MBS Purchases NEW YORK CITY-GSE spreads are rising, which will limit the beneficial impact of this move. REIT Stock Dives Hammer CEOs’ Equity NEW YORK CITY-REIT CEOs lost 49% of their equity value in the companies they led last year, while those firms’ stock prices slid 46%. Small Retail Centers Stay Strong ORLANDO-CBRE sells MetroWest Shoppes for $12 million, or $363 per square foot. 250,000-SF CBD Building Trades Hands TULSA, OK-The class C office 907 Detroit fetches slightly less than $5 million in this value-add play. Blanca Leaving Cushman & Wakefield MIAMI-The senior managing director will depart Feb. 28 to start her own niche firm. Caterpillar Plans 750,000-SF Plant NORTH LITTLE ROCK, AR-The company plans a $140 million conversion of a former DVD production plant to an equipment manufacturing facility. Holiday Sales Are the Weakest on Record NEW YORK CITY-Retailers’ December same-store sales fell 1.7%, the worst holiday since ICSC started tracking the numbers in 1970. Stein Mart Cutting 200 Jobs JACKSONVILLE, FL-The layoffs are intended to cut expenses after a 9% December sales loss. Office Building Sells at $36M Loss WEST PALM BEACH, FL-After being on the market for a year, the 20-story Esperante has sold to CBRE Investors for $67.6 million. Investor Buys 60 Discounted Units Downtown MIAMI-Welcome Bay LLC paid $13 million to Netscape co-founder Jim Clark for the condos at his 516-unit MarinaBlue project. Down Economy Leads To Changes At Colonial BIRMINGHAM, AL-Thomas Lowder becomes CEO, Weston Andress steps down, and Reynolds Thompson takes Andress' positions as president and CFO. CNL, Macquarie Form New Global REIT ORLANDO-The $1.5-billion trust will seek opportunities across all borders and property types. Downtown Office Tower Seen in New Light TAMPA, FL-SunTrust building gets new LED displays combining creativity and conservation. Office, Hotel Planned for Medical District GREENVILLE, NC-Nottingham Partners hopes to break ground on a 45,000-square-foot office building and hotel in the second quarter. Print Top Stories

Regional Coverage
Northeast     Print Full Region • St. John Plans 150,000-SF MXD Business Park • Opus Delivers Green Student Housing at Catholic U • Port Authority To Make Inspection Records Public • Carlton Rolls Out $300M First Mortgage Facility • Report: Transit Must Get Greener • Tucker Plans 200,000-SF Retail Center • Cumberland Farms, Gulf Oil Combine HQ • NoVa Green Flex Eyes 100% Occupancy Goal • Report: Investors Plan $25M LEED Office • Multifamily Fundamentals Soften • $37M Nabs Six-Property MF Portfolio • Completed Industrial Sells for $43M • Bed Bath Cuts Expansion Plans • LA Fitness Slates 45,000-SF Club • Top New Jersey Deals • Q4 Numbers Bring the Downturn Home • Larceny Charges Filed in 130 Liberty Project • Soho Alliance Will Appeal Trump Ruling • Kimberly-Clark Signs 600,000-SF Build-to-Suit • Data Centers Buoy Office Market • New Construction Figures Don't Reflect Reality • Coast Guard Renews 592,000 SF • GID Buys LEED Office from Liberty for $21M • Charges Filed in East Side Crane Collapse • Tech Firm Takes 30,000 SF on Broadway • Cushman, EPA in Green Agreement • Fishing Port Targeted for Redevelopment • Wellesley Inn Leasehold Is Sold • GVA Worldwide Taps Kimball for North America • Tyson’s Corner Poised for Growth	Southwest     Print Full Region • 142,047-SF Center Goes to Dallas Buyer • Location, Sound Sponsors Spur $44M Refi • Ardent Looking Toward Investment • Plans Unveiled For Projects Totaling $86M • New Division Focuses On Distressed MF • Medical Assets Sell North of $10M • Allen Links Relocation To Local Activity • Balfour Beatty To Invest $142M In Lackland • Mulhern Is Colliers' New Managing Director • Apartment Market Falls in National Ranking • Metroplex Slips in National Apartment Ranking
Midwest     Print Full Region • A123Systems Pledges Battery Plant for State • AER Puts Up Five-Property Portfolio for $48M • Methodist Medical Undergoes $350M Expansion • Heart Financial Grows with 60,000-SF Sublease • Institutions Sell $386M of GGP Mall Loans • Verizon Extends Large Lease at Michigan Plaza • Glimcher Sells Struggling Great Mall for $20M • NYX Signs Lease, Auto Suppliers Exhale • LGS Innovations Leases 22,000-SF Office • HSA Plans 127,400-SF Industrial Building • Developers Finish at $82M Fort Shelby Redo • Sheldon Good Chairman Found Dead in Park • Coleman Takes 1M SF in $90M Distribution Center • VOA Associates Renews Lease at Santa Fe • Plaza Stops Redo of 860,000-SF Westland Mall • HSA Leases 100,000 SF At Park 355	West Coast     Print Full Region • Unico Properties CEO Dale Sperling Resigns • C&W Lures Dunning as Director, City Leader • 5M-SF Contract Reflects Grubb & Ellis Strategy • Building Sale Ranks Among Market's Largest • Cosmopolitan Waiver Extension Approved • Gaming Win Declines 15%, Downtown Holds • Q4 Reports: Citywide Office Availability Tops 18% • Kojaian New Grubb Chairman; Search Is on for CEO • Primestor Starts $78M Retail Project • BRE Sells 560-Unit Complex for $97,000 Per Unit • County's Office Rental Rate Sinks to 2006 Level • Grubb & Ellis Co-Founder Harold Ellis Dies • General Growth Settles Caruso Lawsuit for $48M • Citycenter’s Harmon Hotel Delayed, Condos Killed • Bibby Named CEO of Grosvenor in US, Canada • Grubb & Ellis Foresees Tough 2009 for CRE • Thompson National Buys 103,000-SF Kodak Campus • Demolition Underway for $108M Presidio Project • PacSun Sells 300,000-SF Warehouse for $25M • Barker Pacific Targets $300M for Troubled Assets • $700M Resort Gears Up for March Opening
Southeast     Print Full Region • Fund Targets Distressed Student Housing • Two New Office Towers Top Out • 91,000-SF Lease Renewed at BofA Plaza • Dewberry Discloses Prostate Cancer Treatment • Med Office Building Sells for $15M	Around The Globe     Print Full Region • Land Securities Sells Trillium for $674M • Megabox Signs in New 1M-SF Songdo Center • ARA Plans Funds for Three Asian Countries • CBRE Donates Resort Trips to Vets, Charities
Departments
Executive Watch: Behind the Eight Ball
UpClose: Apartment Realty Advisors’ Corson
Commentary: Palisades Financial's Bergstein