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	Top Stories for the Week of July 13, 2009	Print Full Issue
	Click Here For Regional Coverage REITs Post Huge Q2 Gain WASHINGTON, DC-NAREIT is reporting REITs realized their best ever quarterly gain in Q2. Vornado Raising $1B for Distressed Assets NEW YORK CITY-According to the Wall Street Journal, the REIT is raising private equity for a fund to invest in distressed properties. CBRE Lands 14M-SF State of MI Portfolio LANSING, MI-The state has switched real estate services providers to CB Richard Ellis from Jones Lang LaSalle, who previously had the assignment. June Gloom Dooms Retail Sales NEW YORK CITY-Same store sales drop 5.1% as summer goods falter during the rainy, cool month, ICSC says. RCA: NYC Distress Tops $9 Billion NEW YORK CITY-Distress in the city and Long Island is nearing $10 billion, although these two markets rank far lower on a percentage basis, says Real Capital Analytics. Getting Ahead of Tropical Storm Season BOCA RATON, FL-One Thousand Oaks completes installation of windows just in time. Mall Owners Won’t Fight Foreclosure PALM BEACH GARDENS, FL-Downtown at the Gardens has already been turned over to its lender. Office Slump Continues, Bid-Ask Narrows ORANGE COUNTY, CA-The county's office market continues to post negative net absorption, but the bid-ask gap narrows on investment deals, illustrated by closings of large sales. Apartment Buyers Coming Off Sidelines ORLANDO-Investor interest is ticking back up, with CBRE selling four properties in June. Starwood Selling W Hotel to Keck Seng for $90M SAN FRANCISCO-The sale price represents a 7.1% cap rate, well below the 10% cap rate most buyers are underwriting for, but $220,000 per key is easily a 50% discount to what it could have sold for in 2006. VIDEO: 'The Consumer is Coming Back' NEW YORK CITY-Rents are flattening out and "the bleeding has stopped," says Faith Hope Consolo, chairman of Prudential Douglas Elliman's retail sales and leasing division. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Joint Committee Hearing Focuses on Industry Woes • Affordable Housing Advocates Support TARP for Main Street Act • Jobs and Variety Are Keys to Multifamily's Future • Fir Tree Closes $400M Mortgage Fund • Construction Hits the Books • Source: Smaller Sellers Closing Bid-Ask Spread • PPIP Scales Down Great Expectations • $1.5B Financing Closes on Queens Power Plant • The Vistas Moves Into Phase Two • Sweetwater Kicks Off Construction on Rehab Center • Big Retail Players To Come Out on Top • Cricket Opens 21 Stores in Area • Investment Veterans Launch RE Private Equity Firm • City Acts to Spur Media Sector Growth • Pollert: V-Shaped Recovery Unlikely • FDIC Opts for Midtown Relocation • Carlton To Raise $150M for Apt. JV • Small Retail Trading at More Aggressive Cap Rates • Q2 Leaves DC Real Estate Battered But Still Standing • Apartment Complex Trades for $30M • Silverstein Ups the Ante in WTC Dispute • Worldwide Plaza Deal Is On, Again • More Distress to Come in Hotel Sector • NAI Hanson Tapped to Market Industrial/Office • State Agencies Sign Up 138,000 SF • $60M Takes 1501 M St. • NYPD Aims Anti-Terror Guide at High-Rise Owners • Javits Center Redo Gets the Green Light • FirstService Williams: Q2 Office Vacancies Rise	Southwest     Print Full Region • Funding Moves Mortgages Ltd. From Chapter 11 • Involuntary Bankruptcy Filed Against HSM • PinPoint Closes FedEx Facility for $31 Million • Class A Complex Sells Despite Down Market • TCN Makes Inroads In Windy City • Flat MF Performance No Surprise
Midwest     Print Full Region • Walgreens’ 335,400-SF Warehouse Sells for $15M • US Equities Continues To Grow in Latin America • CoreSite Expands Chicago Data Center • Marina District Project Ready for Action • JLL Makes Hires to Lease 3M-SF Portfolio	West Coast     Print Full Region • Fontainebleau, Revolver Banks Trade Allegations • Scotts Miracle-Gro Composting Smith & Hawken • Collenette Takes Drivers Seat at Colliers SF • 1M-SF Mall Trades for $50M • Strip Gaming Revenue Sees Best Month of 2009 • Impact of Downturn Varies by Sector, Market • 23-Unit Complex Sells for Low Cap, 16GRM • CBRE Realty Buys Comcast Campus for $50M • CBRE Boosts LEED Building Enrollment • Millennium Voluntarily Defaults on Four Seasons • Multi-Housing Capital Advisors Launches • AMB Adds Head of Global Client Services • Total of Notes for Auction Reaches $100M • $47M of Condo, Land Loans Hit Market • MGM Reveals Shops, Food at Crystals
Southeast     Print Full Region • Retail Center Hit With $138M Foreclosure • Condo Developer Faces Mounting Debt • Stiles Expands Third-Party Retail Leasing • Alter Group Makes Big Industrial Plans • Ruby Tuesday Plans No New Units • ProLogis Extends Large Industrial Lease • General Growth To Manage Two Shopping Centers • Glimmers of Hope Being Obscured
Departments
Executive Watch: Reader Survey Results
UpClose: InterContinental Hotels Group’s Anhut
Commentary: Colliers ABR's Sammons