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	Top Stories for the Week of March 9, 2009	Print Full Issue
	Click Here For Regional Coverage Hope Shines Through Economic Clouds LOS ANGELES-Commercial real estate leaders agree that the markets will suffer more pain before they recover, but even the most pessimistic see hope for a recovery by some time in 2010. CBRE Acquires Former Macklowe Tower NEW YORK CITY-CBRE Investors is closing on a $355-million buy of 1540 Broadway with its CBRE Strategic Partners US Value 5 Fund. February Sales Beat Low Expectations NEW YORK CITY-Wal-Mart’s surprise 4.5% year-over-year gain helped boost the rest of the industry’s overall performance. Treasury Launches TALF WASHINGTON, DC-Starting today, the Federal Reserve Bank of New York will lend up to $200 billion to owners of AAA-rated ABS. Leasing Is Not Cut-and-Dry NEW YORK CITY-Short-term deals, subleasing, variations, turnkeys and free rent are all on the table in leasing negotiations, REBNY panelists say. Listings Show Market Aiming to Reprice LOS ANGELES-New listings hitting the local apartment market suggest that the market is trying to establish new pricing amid some hints that the bid-ask gap may be narrowing. First Industrial Reports Large Q4 Loss CHICAGO-The REIT closed its European operations, restructured its regional offices and disposed of some assets. RE Slump Deepens Blackstone’s Red Ink Pool NEW YORK CITY-Losses of nearly $480 million in its real estate segment generated more than half the investment giant’s Q4 negative numbers. Executives Confident in Boost from Stimulus The economic recovery bill is expected to lift the industry by adding jobs and mitigating overall market perceptions. Costco's Bargains Reduce Profit, BJ’s Posts Increase ISSAQUAH, WA-Costco Wholesale reduced prices to drive sales and increase market share, lowering profit below expectations while its smaller competitor BJ’s Wholesale Club exceeds expectations. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Giving Away the Store? • Retail Vacancies Could Be Worse • CBD Office Trades for $180M • Urban Outfitters Inc. Same-Store Sales Drop 1% • Fannie Mae Draws $15B After Whopping Loss • The State of the Market • Three Bid for $170M Park Morton Project • Furniture Store Enters Former Linens Space • Awaiting the Great Unknown • Swig, Inlet Partner to Acquire Debt • Monticello Ave. Project Gets Started • NJ Ikea Store Gets Makeover • Boston OK, But CRE Bleak • Global Green Agencies Ink MOU • Extell Files Plans for Midtown Hotel/Condo • Claiborne Girds for Challenging ‘09 • Mack-Cali, Ayco OK Lease Renewal • Self-Storage Portfolio Listed at $93M • $48M Loan Portfolio Comes to Market • AIG Posts Record Loss; Fed Steps in Again • Towns Told to Look Inward	Southwest     Print Full Region • PetSmart Trims New-Store Openings • Blockbuster Sales Rise in Q4 on Games, Electronics • Circle K Drawing Up Larger Format • Aimco Brings 1,600 Units in Phoenix to Market • Brinker Enters New Credit Facility • Urbanspace Moves Into New Downtown HQ
Midwest     Print Full Region • Motorola Looks to Divest of 1M-SF Campus • Grubb Pursues Aggressive Recruitment Strategy • Convention Center Hotel Again in the Works • Sons Take Over Klutznick Co. After Father's Retirement • SuperValu Renews 440,000-SF Warehouse Lease • Duke Names Kelly CFO • Companies Demand Green Initiative, Program Launches	West Coast     Print Full Region • MGM Mirage Seeking Solution with Lenders • Building Solid Foundation, Key for Future • Sharp Buys Distressed Loan, Looks for More • 120 Montgomery Has More Tenants, New Address • Joe’s Sports & Outdoor Files Ch. 11, Seeks Buyer • Stirling JV Sells Land for $120M Project • $42M Distressed Asset Package Goes to Market • Station Wins Debt Reprieve, Refuses Offer • Digital Realty Trust Booms Through Recession • NorthMarq Opens Multifamily Lending Office
Southeast     Print Full Region • Rheem To Close 649,000-SF Plant • Epic Hotel Gets $100M Mortgage Refi • Chico’s Cuts New Store Growth • Gulfstream Park Project Secures TIF • Sears Holdings Closes Eight Stores in FL • Bayside Marketplace Goes Up for Sale • Cousins Executive Resigns • Michaels Takes 270,000 SF Samsonite Building • Lynd, Easton Form Property Partnership
Departments
Executive Watch: Bottom’s-Up!
UpClose: Falcon Real Estate Investment’s Miller
Commentary: The Gutierrez Co.'s Weiss