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Top Stories for the Week of December 29, 2008
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CRE Clarifies Its Fed Request
WASHINGTON, DC-The Real Estate Roundtable wants to see a federal-credit facility established to purchase mortgage securities.

S&P: RE Prices Show National Decline
NEW YORK CITY-The Standard & Poor’s indices for September’s commercial real estate sales show that office fared the worst, apartments the best.

Wal-Mart Launches Offer for D&S Shares
BENTONVILLE, AR-Wal-Mart plans a move into Chile through the acquisition of Distribucion y Servicio D&S for close to $0.41 per share.

ProLogis Exits Asian Market for $1.3B
SINGAPORE-The industrial REIT is selling 20% interest in Japan Property Funds to GIC Real Estate and its entire China operation.

Darden Still Plans 70 New Sites in 2009
ORLANDO, FL-‘We think we’re better able to weather the current storm better than our competitors,’ says the CEO.

Taj, Oberoi Open a Month After Terror Attacks
MUMBAI, INDIA-Portions of both hotels are now operating, though most of each hotel will take massive renovation efforts. Funds have been set up for future disasters.

Report: Now Developers Want a Handout
WASHINGTON, DC-About $530 billion of mortgages are due in the next three years, with $160 billion coming up next year, firm says.

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Regional Coverage
Northeast     Print Full Region
Blackstone Consolidates, Spins Off Funds
Broker Arrested in Promissory Notes Scam
DiNapoli: NYC Budget Gap Could Reach $8B
Strategic Storage Trust Grabs Manassas Facility
Subcontractor, Supervisors Charged in Deutsche Blaze
14-Story Midtown Property Hits the Block
Charges Expected in Deutsche Bank Fire
Assembly OK's EnCap-Related Oversight Bill
Luxury Apartments Scoop Up $31M
Southwest     Print Full Region
300,000 SF Slated For Condo Conversion
Dallas On Track for Slowdown
Midwest     Print Full Region
City Approves Cash for $90M Retail Project
City, UM Collaborate on 500-Acre Park Project
Anthropologie Signs Lease To Join Block 37
Walgreens Reducing Store Openings
GGP’s Tower Remodel Done, Tenants Added
West Coast     Print Full Region
$110M Loan for First Industrial, CalSTRS JVs
Emeritus Closes $66M, Five-Property Buy
Wynn Opens Encore, MGM Prepares to Hire 12,000
Market Report: Class A Office Rates Off 25%
Southeast     Print Full Region
Apartment Investors Racing Father Time
Wachovia-Wells Fargo Merger Moves Closer
Briarcliff MXD Plans Appear Over
Flagler Continues Leasing Momentum
New Life for an Aging Mall
Departments
Executive Watch: Four Day Work Week


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