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	Top Stories for the Week of October 20, 2008	Print Full Issue
	Click Here For Regional Coverage REITs Are As Vulnerable as Other Investments WASHINGTON, DC-REITs that own health property seem to be the best performers of the year, as REITs ready to issue third-quarter earnings and financial reports. $250B Floods Banking System WASHINGTON, DC-This is the latest and most significant measure to date the government has taken to unlock the frozen credit markets. Mervyns Opts to Liquidate, Shut Down SAN FRANCISCO-The regional retailer will hold going out of business sales at its 149 remaining properties. Panelists: Near-Term Prospects Seen as Bleak TEANECK, NJ-Leading real estate execs say the real estate market is in the midst of a 'perfect storm.' Reports: Recession, Then Recovery by 2010 CHICAGO-Both JLL and Grubb & Ellis researchers see possible positive outcomes from the world market troubles – but not for a while. Goldman Sachs US Bank To HQ in NYC NEW YORK CITY-The bank's application to the State's Banking Department to become a full service state-chartered bank here, reinforces the New York's position as the financial capital, says Gov. Paterson. NYC Construction Slowdown Seen in 2010 NEW YORK CITY-Though there were big gains in spending this year, when construction hit the $33.8 billion mark, allocations in all sectors are predicted to fall in 2010. Rescue Plan Changes Directions, Increases Complexity WASHINGTON, DC-The Treasury Department is de-emphasizing its plan to buy toxic debt; meanwhile European nations take unified approach to crisis. Trump Tower Hits Peak While Economy Drops CHICAGO-Timing is everything, says the Donald’s son Eric, as the company’s nearly $1 billion hotel-condo project overlooks other stalled residential high-rise developments. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Smaller Deals More Likely To Draw Financing • Experts: Recovery Is a Work in Progress • Panel Updates Legislative Stimulus • NJ Program Takes on New Urgency • El-Ad Completes $260M Plaza Hotel Refi • FirstService Closes on GVA Williams Acquisition • Kennedy Grabs 22-Story Office for $192M • Crane Conference Reviews Safety Protocols • Governor Formally Rolls Out Plans • KBS Buys Class A Office for $73M • Experts: Manhattan Avoids Apartment Glut • Hersha Hospitality In $175M Credit Agreement • Mack-Cali Lands 300,000-SF Suburban Renewal • Another Bank Makes NYC Move • KBS Completes 1M-SF Office Buy • Redo RFP Formally Issued for Bader Field • Title Insurance Firms Merge, Create New Entity • Journal Square Will Get Major Makeover • Lexington HQ Completes Build-Out • DC Condo Sales Continue Decline • Sovereign Bancorp in Takeover Talks • $33M Takes Four-Building Columbia Office • FM Global Launches $38M Expansion	Southwest     Print Full Region • Expert: 24 to 30 Months of Hard Times Ahead • Creek Canyon Eyes 2009 Start on $120M MXD • Retailers Christen Shops in $1B MXD's Phase One • Come-Back Plan In Works for Gainesville Outlets • Land Speculator Takes 110 Acres in Fire Sale • CBREI Details 1M-SF Plan • Neighbor Buys 90-Acre Industrial Tract
Midwest     Print Full Region • ECD To Build $220M Solar Cell Facility • Interest Stalls as $200M Park Breaks Ground • CBD Q3 Good, Absorption To Drop in 2009 • Legacy Lands 1,184-Unit Assignment • Toyota Adds to State R&D with $187M Site • CenterPoint Prepares $55M Portfolio For Sale • ARA Adds 304-Unit Asset for $57M • Panattoni Nears Phase Two on $170M Park • 1875 Lawrence Under Contract for $35M • NYC-Based Falcon Sells Leased Office for $30M • Opus Starts Work on $20M BKD Headquarters	West Coast     Print Full Region • Caruso Hotel Plan Wins Panel Approval • No Takers for Red Lion Hotels • Vegas Visitation, Occupancy, Rates Keep Falling • BRE Sells 280-Unit Complex for $30M • LNR, Hopkins Begin $850M Mixed Project • Regency Launches 470,000-SF Shopping Center • HCP Places $319M of Seniors Housing Financing • IHR to Manage Jackson-Shaw Asset • Occupancy, Rates Fall at Wynn LV • Retail Project, Storage Site Land $42M • Swig Recaps One Beach St. with Angelo, Gordon • Office Market Continues to Struggle in Q3 • Third of Six Citycenter Towers Tops Out
Southeast     Print Full Region • Downturn Presents Buying Opportunities • Notebook: Closer Tabs on Tenants Needed • Highwoods Completes Creative Deal Close • New High-Rise Condos Going Rental • Apartment Investment Opportunities Emerge • Bay Area Office Vacancy Spikes • Firm Buys $45M Loan on South Beach Hotel	Around The Globe     Print Full Region • Hines Fund Buys Office Building for $27M-Plus • Avison Young Companies Merge • StratREAL Buys Offices, Industrial for $141M
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