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	Top Stories for the Week of December 15, 2008	Print Full Issue
	Click Here For Regional Coverage Michigan, Midwest In For It if Bailout Fails DETROIT-As the White House rethinks TARP funds following the Senate rejection of a bailout, GlobeSt.com readers think bankruptcy is best. Detroiters don’t agree. Wyndham Laying Off 4,000 in Restructuring PARSIPPANY, NJ-The layoffs are part of a plan to restructure the hospitality company’s timeshare business in an effort to cut its reliance on asset-backed securities. Stanley To Layoff 2,000 NEW BRITAIN, CT-The Stanley Works will let go of 2,000 workers and close three manufacturing facilities to shore-up projected Q4 losses and prep for the future. Fitch Downgrades Outlook for REITs NEW YORK CITY-The ratings agency says the credit environment will challenge office, industrial and retail REITs, although multifamily and healthcare are bright spots. Office Depot To Close 9% of Its Stores DELRAY BEACH, FL-The office-supplies retailer will close 112 retail stores and six distribution facilities throughout North America. J. Crew’s Drexler Doesn’t Promise Holiday Cheer NEW YORK CITY-The apparel retailer’s chief executive spoke at the ICSC New York conference and didn’t have many encouraging words for attendees. Waffle House’s Future Questioned NORCROSS, GA-The iconic restaurant chain keeps cooking despite two Chapter 11 filings by major franchisees. UrbanAmerica in $485M Portfolio Buy NEW YORK CITY-The portfolio of 13 office buildings and one strategic distribution center is 98.2% leased, primarily to government tenants. Residential REIT To Be Acquired for $438M CLEARWATER, FL-Locally based American Land Lease Inc. will be bought by Green Courte Partners. Pep Boys Execs Look at Acquisition Opportunities PHILADELPHIA-The national auto-service chain is looking to buy local and regional competitors to gain market density. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Reports: Office Keeps Trending Downward • Vornado Scraps Harlem Office Tower • GGP Shops 658-Acre Central NJ Campus • Panelists Spy Opportunity Amid Market Gloom • Bloomberg: Housing Program Must Get Done • Duke Inks $950M Contract with Army Corp • Thompson: Wall St. Bonuses To Drop 50% • $51M in DC Funds Support Six Medical Projects • Sony’s PA Plant May Attract Small Tenants • SK Gets $170M in Construction Financing • Bill Would Raise NYC Hotel Tax • Panattoni Sells 62-Acres of Pine Lane • Bank Unit Renews 150,000-SF Park Ave Space • Sanofi-aventis HQ Sells for $343 Per Square Foot • District Taking Applications for $95M in TIF Financing • Hedge Funds Clipped by Downturn • NYBC: Move Fast on Infrastructure Needs • Times May Sell Stake in HQ Tower	Southwest     Print Full Region • Avenue Communities Files Chapter 11 • Buy Boosts Portfolio to 751 Units • Ending Road Woes Bring Two New Tenants • Neiman Halts Cusp Chain’s Growth • Houston Entities Trade 213,685 SF Of Retail • Burger King Portfolio Comes to Market • Towne Park Plaza Trades for $20M
Midwest     Print Full Region • Gov Arrested, Field Sale Part of Complaint • Venture Backs Off From $705M Casino Plan • JLL Expands Midwest, Opens Brokerage in Indy • North/Clybourn Still Strong Despite Adversity • Land Nears Finish for Empty 506,800-SF Site • Bernstein Expects Date for $130M MXD Soon • Boulder Seeks Partner for $110M Investment	West Coast     Print Full Region • USC Forecasts Continued Commercial Slump • Nevada Casino Win Falls 22%; Strip Down 26% • Costco Maintains Growth Plans • Donahue Schriber Closes $308M in Financings • A&B Buys 800,000 SF of Industrial • Variety Moves to New HQ at 5900 Wilshire • Vegas October Visitor Volume Falls 10% • Supervisors OK Caruso's Miramar Hotel Plan • MGM Mirage Creating International Gaming Unit • CBRE Adds to Loan Sale Advisory Group • LA Mayor Hails New Green Hangar • New Hires Focus on Office, Retail, Hotel • Five Experts Don Their Swami Caps • Judge OKs Amended Sullivan Square Complaint • CIM Lands First Tenant for 2100 Franklin • Prologis Renews Safeway for 445,000 SF • NFL Stadium Negotiations Continue • HCP-Emeritus Deal Could Produce $300M Sale
Southeast     Print Full Region • Local Market Can Handle Blow of BofA Layoffs • $220M JV Formed to Develop Student Housing • Opus South Moves HQ, Solidifies Team • 356,000-SF Ikea To Open Ahead of Schedule • Georgetown Prime Example of Market Bust • The Greening of Downtown Miami • Boutique Hotel to Open on South Beach	Around The Globe     Print Full Region • Investors Won’t Stop New Hotels After Attacks • HSBC's $2.2B Sale-Leaseback Falls Through • H&M To Open in Israel • Emerson Takes One Office in $1B MXD Park
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