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	Top Stories for the Week of November 3, 2008	Print Full Issue
	Click Here For Regional Coverage Rosen Putting $200M Into Local Hotels ORLANDO, FL-Six of its properties will be expanded and refurbished through 2016. GGP Moves Top Execs, Offers Vegas Properties CHICAGO-Loans of $100 million, against company policy, were revealed by the company, which has hired Metz and Nolan as interim CEO and president. New Gramercy CEO Sees Challenges Ahead NEW YORK CITY-Despite Gramercy Capital’s positive Q3 numbers, newly named CEO Roger Cozzi says market turbulence will require building the company’s liquidity. First Industrial Cuts Workers, Stock Rises CHICAGO-The REIT saw a 51% increase in afternoon trading following its Q3 earnings conference call Thursday, soon after the CEO resignation and laying off 120 employees. GlobeSt.com, E&Y Survey Finds More Pain Ahead NEW YORK CITY-Of the more than 2,300 global real estate executives that responded to the survey about CRE issues now in play, the majority feel that the process of restoration will take a while. Conference Looks Beyond Persistent Downturn MIAMI-Urban Land Institute speakers close out the week’s meeting with an optimistic attitude. Looking Into a ‘Tremendous Abyss’ MIAMI-Forecasters say commercial real estate industry needs to hold its breath until 2010. Wal-Mart Tickets $1B for 2009 Cap-Ex Plan BENTONVILLE, AR-Executives say next year's plan favors remodels instead of ground-up construction to improve the shopping experience and drive sales. Latin America Avoids World Downturn So Far MEXICO CITY-The countries south of the US were just starting to surge into strong markets when the credit crunch hit. JLL and CBRE believe it won’t be slow for long. Experts: Pain on Horizon, More for the US TORONTO-Though US commercial real estate markets will slow almost to stopping for at least a year; Europe, Asia and even Canada won’t be as hard hit, say company leaders. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Target Shareholder Proposes REIT • AMEX 10% Job Loss Affects All Company Parts • Treasury Disperse Next $125B • Mack-Cali Nets $23M for Q3 • $5B Casino/Hotel Project Put on Hold • Federal Funds Rate Drops to 1% • Industrial Sending Out Mixed Signals • Ernst & Young Promotes Slew of Professionals • $270M Is New Sale Price for Trump Marina • JER Survey Shows Continued Focus on CRE • NMHC Survey Reflects Economic, Credit Pinch • Apollo Real Estate Gets New Name • Verizon NJ Gets $20M Transit Hub Tax Credit • JV Has Waldorf-Astoria Headed to Philly • Gramercy's Holliday Steps Down, Cozzi To Lead • AREVA, Northrop Grumman JV on Project • Rogers Realty Pushes Development with Two JVs • Back Bay Property Being Shopped • Vornado, Winthrop Buy Lexington Shares • Rockefeller Group Int’l Names Leadership Team • $60M Takes 110,900-SF Arlington Office	Southwest     Print Full Region • Phoenix's Hotel Sector Struggles for Survival • CRE Markets Biding Time During Economic Crisis • More Commercial Owners Opt for Auction Blocks • Cost-Conscious C-Suites Key In on Lease Audits • Far Eastern Submarket Drawing More Interest • Multifamily Buyers Waiting Patiently • Colonial Properties Cuts Development, Staff • Fort Worth's Statistics Paint Enviable Picture • Daimler Financial Debuts 164,000-SF Class A Hub • Rent-A-Center Halts Financial Services Growth • CRE Foreclosure Notices Rise 36% in North Texas • Glimcher Eyes Phase Two Start at 600,000-SF MXD
Midwest     Print Full Region • Owners Need Good Managers More Than Ever • Even Pampered Apartment Market Sees Slowdown • City Starts Work on $141M MXD-Use Project • LaSalle Hotel Pushes Back $175M IBM Conversion • Steiner Opens Second Phase of $400M MXD	West Coast     Print Full Region • Apartment Market Heads for Mild Softening • Economists Forecast More Woes for OC • ULI Names Katherine Perez Executive Director • Maguire Talking to Possible Park Place Buyer • Lennar, City Draft $1.4B Candlestick Plan • Lee & Associates Launches Investment Group • Rreef Buying Stake in Rosen Real Estate • Inland REIT Buys Hyatt Regency for $112M • 460-Unit Complex Trades for $70M • Koll JV Refinances 500,000 SF for $42M • Banking Pinches Socal • Inland Multifamily, Office Developments Launch • Juliet Cos. JV Debuts Lake Mead Crossing
Southeast     Print Full Region • Sumitomo Pays $260M for Miami Center • JLL Retail Expands Receiver Role • PKF Forecast Sees Faster Declines • Firms Form Alliance to Acquire Retail Centers
Departments
Executive Watch: Bottom of the Bathtub or Down the Drain
UpClose: General Growth’s Bucksbaum
Commentary: Johnson Capital's Schecher