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	Top Stories for the Week of June 8, 2009	Print Full Issue
	Click Here For Regional Coverage Zell, Zuckerman Spar on Recession, TALF NEW YORK CITY-The imitable Sam Zell and the unsinkable Mort Zuckerman exchanged ideas, predictions and witticisms in a general session moderated by Constance Moore. GM Files Chapter 11 Bankruptcy DETROIT-As part of the slimming down process, 21,000 US jobs will be cut, 2,600 dealerships and 11 manufacturing plants will be shuttered. FDIC Backs Away from Toxic Debt Sales WASHINGTON, DC-The Federal Deposit Insurance Corp. is postponing a plan to sell assets under its Legacy Loans Program. Reports: Worldwide Plaza Finds a Buyer NEW YORK CITY-An investment group has reportedly purchased the tower at 825 Eighth Ave. from Deutsche Bank, which took back Macklowe’s Equity Office portfolio last year. Reports: On Hypo's Horizon Is Nationalization, More Issues MUNICH-The endangered lender is reportedly saying that the government capital infusion will not be enough to keep the bank afloat, according to numerous reports. GM To Sell Hummer, Maybe Saturn, Saab DETROIT-An unnamed buyer has entered into an agreement to purchase Hummer, while 16 parties have expressed interest in purchasing Saturn. VIDEO: Recession Now Hitting Asset Fundamentals NEW YORK CITY-It’s tough to figure out the impact on transaction pricing, since volume is so low, says Marcus & Millichap’s Hessam Nadji. AIG HQ May Have Found Buyer NEW YORK CITY-The beleaguered insurer’s one-million-square-foot headquarters at 70 Pine St. and 72 Wall St. is reportedly in line for a $100-million sale. ESDC: Atlantic Yards Project Will Shrink NEW YORK CITY-At an often-raucous State Senate hearing in Brooklyn, state officials said some elements of the mixed-use mega-project will be scaled back. BofA Closes In On $34B Goal CHARLOTTE, NC-Bank of America will soon reach the capital buffer goal required by the Fed's Supervisory Capital Assessment Program. Apartments: Vacancy Up, Rents Down, Sales Gone LAS VEGAS-Occupancy is at its lowest level in more than a decade, rents are back at 2006 levels and further declines are likely throughout 2009. VIDEO: Smaller Deals Are Getting Done NEW YORK CITY-Robert Knakal (right) speaks to Real Estate New York editor Paul Bubny about the local market. Print Top Stories

Regional Coverage
Northeast     Print Full Region • DC REITs Floating Over Recession • MBA Owned Building Hits 51% Occupany • May Same-Store Sales Drop 4.6% • Gehry Off the Job at Atlantic Yards • Green Keeps Growing Despite Downturn • JLL Brokers Relocation for MediaBank • Santos Tapped for Key Economic Position • Liberty's Hankowski: Rents Are a 'Battleground' • InBev Opens Tap on Park Avenue • REITs Have the Upper Hand in Recovery • Lodging Leaders: Recovery a While Away • Queens Warehouse Trades for $4.3M • Prodigy Arm to Line Up Condo Buys • The Beacon To Auction Off Condos • Medical Office Building Backs $9M Loan • Law Firm Inks 20,000-SF CBD Lease • Downtown Condo Goes LEED Platinum • All-Cash Deal Nets Troubled Asset • New Jersey BPU Gives $2M in Incentives • St. John Begins Spec Office/Flex Development • GSA Inks 63,582-SF Lease in Rockville • Fitzgerald To Head BPG’s DC Portfolio • JLL to Market Space at 1330 Sixth • Score One for the Meadowlands • Lease Expiration No Longer Driving Deals • Holiday Inn Lands $14M Debt and Equity • Enterprise Community Receives $95M in NMTC Authority • Construction Spending Rises • $2M Consolidates Adjacent Offices • Price Indices Register 'Shocking' Quarterly Drop • Kaled to Manage MF for Institutional Owners • Loft Board Folded Into DOB • South Orange TOD Wins Smart Growth Award • Effective Land Use • The State of Finance • Construction Continues in West Caldwell • Copyright Case Study	Southwest     Print Full Region • Parkway Unloads 1717 St. James • BroadTech Expands to 63,000 SF • Western National Hangs Phoenix Shingle • Orion Snags 178-Unit Partial Condo • Green Rep Leads To 1.4M-SF Assignment • NY Fund Gains 112-Unit Asset • Betz Ends 15-Year Hold On Chelsea Square • Wanted: Partners to Develop 45M SF
Midwest     Print Full Region • Staybridge Opens Second of Three WI Hotels • Saturn Goes to Penske • Bill Sipple Joins CBRE Hotels • Grubb Hires Perpich as Director of Management Services • Sterling Bay Cos. Buys 68,000-SF Building • Transwestern To Manage 300,000-SF BGK Portfolio • Developer Completes First Phase of $70M Project • Inland Sells Multi-Tenant Industrial Building • Shopping Center Portfolio Sells for $62M • DQI Offers Brokers A New Assessment Tool • Accounting Firm Relocates HQ • JLL To Manage 700,000-SF Portfolio • US Foodservice Expands Office to 140,000 SF • Developer Asks for $410M TIF • $50M Winthrop Club Condo Tower Nears Completion • Nexus Expands Into 307,000-SF Warehouse	West Coast     Print Full Region • Biotech Firm Fills 49,000-SF Office Building • $385M Medical Center Replaces Kaiser Hospital • Countrywide's Mozilo Faces Fraud Charges • Yemenidjian Clearing Hurdle to Run Tropicana • Williams-Sonoma Still Seeking Rent Reductions • Industrial Lease Ranks Among Largest • Intellimarket Sells 39 Condos, Eyes Other Assets • EastGroup Acquires Park from ProLogis • Lembi Group Puts 12 Apartment Assets up for Sale • City Signs Off on 49ers Stadium Financing Deal • Council Considers Civic Center Agreement • Two Days, Two Big Office Deals • Safran Debuts Seniors Housing Renovations • Non-Vote Kills Mend on Expansion Limits • Hard Rock Resort Hiring 1,200 • City Details Stadium Deal Prior to Council Vote • Transpacific Buys Office Complex in $73M Deal • Office Tenants Ink 132,000 SF of Leases • Gold May Help Hines Keep EPA at 75 Hawthorne • ULI Sees Hope in Infrastructure Partnerships • Fontainebleau CEO Leaves Amid Financing Woes
Southeast     Print Full Region • Krispy Kreme Rises Despite Slow Economy • Finance Co. Extends 120,500-SF Lease • Georgia Screams For Ice Cream • Yamato Crossing Near Foreclosure • Dollar General Rolls Out Mass Renovations • 360-Unit Apartment Community Trades Hands • Hanjin Could See $110M in Bond Financing • Foreclosed Assets Selling Condos at Slashed Prices • Cobalt Adds 436,000 SF to Portfolio • NSU Set to Open Expanded Campus • Be Wary of Joint Ventures • LandSouth Lands HUD Apartment Contract	Around The Globe     Print Full Region • IPD Index Shows Global Synchronization • Corio Raises $362M for Acquisitions • Report: Save Your Money for Tokyo
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Executive Watch: Reliable
UpClose: Marcus & Millichap's Hessam Nadji
Commentary: Upworld’s Jennifer Magee