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	Top Stories for the Week of May 18, 2009	Print Full Issue
	Click Here For Regional Coverage VIDEO: Net Lease Opportunities Are Out There NEW YORK CITY-The net lease industry has plenty of opportunities right now, if one knows where to look, RBS Global Banking’s Gore tells Incisive Media’s Salustri. AIG Sells Japanese HQ for $1.2B TOKYO-The 15-story building was put on the market in February. MGM Mirage Completes $1B Public Stock Offering LAS VEGAS-The sale was part of the company’s effort to raise $2.5 billion in capital that it will use in part to pay down some $14 billion in debt and shore up its balance sheet. Simon Looks To Raise Another $1B INDIANAPOLIS-This will be the second offering Simon has completed this year. The first one raised $1.2 billion through the sale of 17 million shares. Vornado’s Roth Steps down as CEO NEW YORK CITY-Michael D. Fascitelli will take over as the new CEO, while Roth will stay on as company chairman. Silverstein: 2004 WTC Plan Must Stand NEW YORK CITY-Following media reports that the Port Authority has proposed scaling back at Ground Zero, Silverstein Properties calls full-scale development there "essential." VIDEO: Preparing for ICSC's RECon NEW YORK CITY-Sperry Van Ness' Joseph French talks to GlobeSt.TV about the annual retail convention and things he's seeing right now in the market. Sullivan Square Defendant Switches to Offense LAS VEGAS-The Ireland-based defendant files a counterclaim alleging its former local partner Glen, Smith & Glen Development was 'incompetent' and perpetrated a 'fraudulent scheme' to boost condo sales. E&Y Panel: Follow Today’s Playbook NEW YORK CITY-Those who get their bearings on the new playing field will be the most active players on it, Ernst & Young experts said Thursday. VIDEO: Medical Offices Resilient in Recession NEW YORK CITY-Medical office buildings are one property sector weathering the recession well, says Noyack Medical's Follini. Chrysler Proposes Shuttering 789 Dealerships DETROIT-Likewise, GM is contemplating not renewing franchise agreements with 1,100 dealerships. Bloomberg Calls Summit on WTC NEW YORK CITY-Prompted by Assembly Speaker Sheldon Silver’s call for action, the mayor has invited major stakeholders at Ground Zero to the negotiating table. Young to Crowd: Be Glad You're In Texas DALLAS-Weitzman Group's Bob Young says job and population growth, and cautious retail construction, place the Lone Star State in a decent position. MTA Chair’s Resignation Part of Deal NEW YORK CITY-MTA executive director Elliot Sander, who will leave the agency on May 22, initially offered to resign earlier this year. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Green Light Forms Advisory for Retail Negotiations • Life Insurers Poised for TARP Funds • Urban Outfitters Q1 Down, Execs Optimistic • Construction Jobs Down 20,000 from August • Opportunities Exist in NJ’s Industrial Market • The Hampshire Co. Buys Metropark Building • Federal Agency Renews 310,202 SF • $52M Refinances Luxury High Rise • C&W: Retail Vacancy Glut Could Spell Opportunity • Brooklyn MF Sells for $11M in All-Cash Deal • Court Okays Eviction of FCRC, Boymelgreen • Hartz Mountain Revs Up Project on Former Ford Site • Conservatory Closes Curtain on $22M Financing • PRC Secures $103M Refinancing • Port Authority Blames Downturn for Traffic Drop • ABS Moves Back to Manhattan • Job Losses Hurt State’s Apartment Sector • ICREW Swings Into Spring • The Real Estate Buyer of the Future • Robust Q2 Pipeline Stresses Local Demand • JER Investors Continues Downward Slide • JLL Brings in Panzer-Led Leasing Team • Spinola Stresses Fiscal Responsibility • CPA Firm Moves Up Third Avenue • City Enacts Brownfields Program • State of the Garden State • 7-Eleven Rolls Out Development Plan • Two Georgetown Assets Go to Market • Silo Forges $100M Venture With Private Equity Players • Kimco Center Secures $100M Refi • Radisson Hotel Secures $7M Refi • Everything’s Great When You’re Downtown • FirstService Williams Leases 135,000 SF at Iselin Office Park • Pay-to-Play Ban Hits Redevelopers	Southwest     Print Full Region • Changing Times Spur Reinvention, Change • City Incentive OK, Just Not Realistic • Stream Selected To Manage 2M-SF Portfolio • Partner's Stake In $154M Defies Market • Old Pueblo Finds 44,000-SF Trade Locale • Davidson Applies C&W Model To New Job • KDC's Medical Assets Division Underway • Stake In $154M Launches Cancer Center • N Texas Foreclosures Few and Far Between • Keynote Speaker Sees Strong Texas • Economist Sees Bottom, Lenders Like Market • Detergent Maker Takes 400,000 SF for Distribution • Foreclosed Woodridge Has New Owner • AIC Targets $300M Goal in 2009 • Foreclosure Looms on 1,000-Plus Acres • Lone Star Unveils Plans for 103-Acre Buy
Midwest     Print Full Region • Fiserv Inks Deal for 182,483 SF • Abercrombie Starts Strategic Review of Ruehl • Sibley, ACG Team Up On Distressed Services Venture • General Growth Wins $400M Loan • Auto Truck Group Moves into 103,000 SF • Kohl’s Continues Aggressive Expansion Efforts • Duke Receives $125M Loan Commitment • Macy’s Focusing on E-Commerce Sales • Magellan Completes Sales at $138M The Chandler • Corus America Renews at 475 N. Martingale • RockBridge Hires New Managing Director • Demand Continues for Printers Row Condos • IREM Launches Online Sustainability Course • Buchanan Buys Own Retail Loan, Saves • Cozen O'Connor Leases 27,000 SF at 333 W. Wacker • Dubin Commercial Fills 10,000 SF • Revenue, FFO Decline for Supertel Hospitality • Law Firm Renews 74,000 SF at Sears Tower • Newmark Names Executive Managing Director	West Coast     Print Full Region • Nordstrom Continues Cautious Expansion • 5,000 Layoffs May Help Close State Budget Deficit • Nike to Cut 5% of Global Workforce • KTR Capital Buys 296,000-SF Distro Center • Apartment Rents Slide With Economy • Station Casinos Narrows Q1 Loss • Seagate Technology to Cut 1,100 Jobs • ADP Renews 115,000-SF Downtown Office Lease • Odyssey Medical Sells Six of 32 Condos • HCP Closes $440M Equity Offering • Alliant Details $44M in Small Apartment Loans • Study: More Clarity in Green Datacenters • New Retail Firm Advises Owners on Strategy • Owner-User Sales Close at Two Projects • Lender Favoring Cosmopolitan, Fontainebleau Says • Stirling Capital Debuts 1M-SF Industrial Building • $50M Data Center Lease Underscores Demand • GVA Kidder, Holliday Fenoglio Add Experience • Argent Retail Lands 2M SF of Leasing • Macerich Sets Santa Monica Place Reopening • Vegas Continues to Hurt Riviera Holdings
Southeast     Print Full Region • Colleges Capitalize on Available Credit, Low Prices • Terwilliger Commits $100M to Habitat • State Capital Catches Multifamily Break • Brickell Financial Centre Work Continues • Cousins Names Bowles Lead Director • Stimulus Sparks Confidence, UF Survey Finds • Winn-Dixie Maintains Renovation Program • Flagler Claims 20% More Q1 Activity • HFF Secures $18M Freddie Mac Loan • Onyx Condo Project Faces Foreclosure • Bimini Capital Posts Operating Profit • IDI Signs Lease with Multifamily Firm • Palm Beach Office Market Seeks Balance	Around The Globe     Print Full Region • Commerzbank Must Sell Property Finance Unit • DP World Mulls Partial Sale • NID Holdings Plans $200M Resort and Spa • Land Securities’ Portfolio Value Drops 34%
Departments
Executive Watch: Spring Thaw
UpClose: Reven Capital's Carpenter
Commentary: CREW's Snoddy Smith