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Top Stories for the Week of March 30, 2009
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Meruelo Maddux Files Chapter 11
LOS ANGELES-The company, which recently reported that it was in default on 26 loans totaling $266 million, seeks to restructure its debt.

Distress: Just Scratching the Surface
NEW YORK CITY-Treasury’s $1-trillion plan could open the floodgates for opportunities, but buyers are in no hurry to take action just yet.

Tropicana, Unsecured Creditors Agree on Plan
LAS VEGAS-Tropicana Entertainment LLC begins distributing ballots on its Chapter 11 reorganization plan.

European Investors Desire Property Re-Pricing
LONDON-JLL points to the TK Meadowhall sale as signs investors are ready to divest of equity again.

Ramco-Gershenson Seeks To Add Shareholder Value
FARMINGTON HILLS, MI-The REIT is considering possibly selling to Equity One, or another company after it completes a review process.

CalPERS, CalSTRS Take BofA to Court
NEW YORK CITY-The pension funds have filed a motion in federal court here to lead a class action related to the Merrill Lynch acquisition.

VIDEO: Breaking Down the Stimulus Package
LOS ANGELES-Tony Thompson talks with Incisive Media’s John Salustri at the RealShare Real Estate 2009 event earlier this year.

MGM Mirage Calls Dubai World Suit 'Without Merit'
LAS VEGAS-The investment arm of the government of Dubai filed a lawsuit this week against MGM Mirage, its 50-50 partner in the multi-billion-dollar CityCenter development, for breach of contract.

Renewals Rule the Office Sector
TAMPA, FL-Convincing tenants to stay put is imperative to sustaining rents and building values.

Treasury Unveils Toxic Assets Plan
WASHINGTON, DC-The $1-trillion plan will aim to clean banks of toxic mortgage-backed assets along with some help from private equity.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Private Sector Key to $1-Trillion Toxic Asset Plan
Silverstein Seeks Government Funding
Bid Ask Spread Might Be Narrowing in DC
$339M Contract Awarded on Transit Center
Vantone Signs 20-year Lease at WTC
Port Authority Said to Seek Cash on WTC Towers
Liberty Property Trust Gets $317M in Financing
E&Y: Use Down Time to Prepare
$100M Penrose Square Project Moves Forward
MBA: Mortgage Originations To Increase by $800B
Financial Experts: Obama Is Clearing a Path
ESDC Approves Javits Center Expansion
Vantone Said to Reach Freedom Tower Deal
NAI Expands Its Operations
$101M Secures 1101 K
Moody’s Commercial Price Index Dips 5.5%
JLL To Market 485,000-SF Midtown Space
Central State Retail Vacancies Climb
CBRE: Expect Status Quo on Office Sales
Job Losses Mount, Industry Awaits Fallout
Enterprise Plans for $450M in LIHTC Purchases
Southwest     Print Full Region
Multifamily Is Sluggish As Owners Hang On
JHME Launches Distressed Practices Group
Retail Connection Takes On 1.5M SF
Student Housing Owners To CMG: Rescue Me
SoCal Investor Buys 182,000-SF CBD Asset
Midwest     Print Full Region
Best Buy Slows Down
Simon Raises $1B in Debt Offering
MKMB Purchases 19 Iowa Burger King Locations
Black & Veatch Pays $60M for 1140 Lamar Ave.
Walgreens Begins Massive Renovation Program
Apartment Complex Trades for $44M
West Coast     Print Full Region
Las Vegas Sands Mulling Debt Buyback
Debut Report Ranks Top Logistics Markets
Forecast: CRE Debt Market to Stagnate for 10 Years
Owners Auctioning Dragon City Resort Site
Williams-Sonoma Sticks to Slowed Growth
Unique Mixed-Use Headquarters Comes to Market
REIT Forms Alliances for Growth
Alexandria Offers $308M in New Stock
Office Forecast: This Downturn is Different
Grubb & Ellis REIT Files $3.3B Offering
Dubai World Sues Troubled MGM Mirage
Southeast     Print Full Region
Muvico Sells Three South Florida Theaters
Marlins Stadium CRE Impact Uncertain
State Population Growth Takes a Dive
Carter, T5 Join to Develop Data Centers
Macy’s Wants Downtown Store Guarantee
Hotels Expand Along with Theme Parks
Departments
Executive Watch: AIG Isn’t Going Away
UpClose: Playground’s Anthony O’Brien
Commentary: Grubb & Ellis’ Bach


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