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	Top Stories for the Week of January 26, 2009	Print Full Issue
	Click Here For Regional Coverage Fitch: CMBS Delinquencies Keep Rising NEW YORK CITY-The defaults on CMBS loans are expected to continue increasing throughout the year as fundamentals weaken, says the rating agency. AMB Cutting Global Workforce by 22% SAN FRANCISCO-The industrial REIT also announces fourth quarter impairment charges totaling $204 million related the write-down of its in-process development pipeline and land holdings. Experts: Economy in Bottoming-Out Phase NEW YORK CITY-A cross-sector panel on "Preparing for the Recovery" says a post-downturn rally will come eventually, but the timeframe is anybody’s guess. Lender Seeks Foreclosure on Resorts ATLANTIC CITY-The Colony Capital fund that owns the 942-key hotel/casino has not paid its mortgage since October, Column Financial says. Mass Layoffs a First for Microsoft REDMOND, WA-The software giant said Thursday it will cut 5,000 jobs amid decreasing demand for personal computers and an 11% drop in Q2 profit. Four Malls Enter Receivership NEW YORK CITY-Locally based Lightstone Group has turned over control of four regional malls to Jones Lang LaSalle Retail. Experts: Downturn Won’t Stop Green Movement NEW YORK CITY-Real estate will be the epicenter of environmental policy in the Obama administration, say panelists at a Schulte Roth event. UF Survey: Real Estate Confidence Sinking GAINESVILLE, FL-The Bergstrom Center says current conditions compare with the 1974 recession. Report: BofA Will Cut 4,000 Jobs, Mostly NYC NEW YORK CITY-The Financial Times says layoffs in the capital markets group, mainly among legacy BofA employees, could start this week. Punch-Drunk Vegas Retail Market Staggering LAS VEGAS-With anchor tenants disappearing, taking what foot traffic remained with them, in-line shop owners are being advised to obtain co-tenancy clauses. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Tenant Retention Tied to Relationships • Q4 Good to First Potomac • $100M in Assignments Launches Distressed Debt Group • Coach Cuts 2010 Expansion Plans in Half • Foamex, Talking With Lenders, Says Operations OK • Times Co. in Talks To Sell Stake in HQ • Donovan Confirmed to Lead HUD • Sephora To Open Times Square Flagship • Parsons In at Citi, Thain Out for Merrill • Rohm and Haas Laying Off 900, Closing Plants • Experts Roll Out Plan to Save Bell Labs • Office Market: There Is Activity After All • Hancock Tower Default Dispute • No Haven for Retail • Coney Island Plan Starts Review Cycle • TARP Expected To Change Under Obama	Southwest     Print Full Region • High Vacancies Highlight Two Cities' Tale • $950M Project Heads to Hearing • Staubach Retail Rebranded • $519M Renovation Planned For Love Field • RIM's Buy Is Unusual, Given Economy • It's Official: Hess Takes Discovery • Research in Motion Buys Headquarters
Midwest     Print Full Region • $130M Franklin Street-Grubb Office Deal Dies • HREC, Neptune Merge for Market Share • $400M Silver Cross Hospital Breaks Ground • Killed $130M Chicago CBD Deal Sign of the Times • Brokerage Opens Offices in Five New Markets • Novus Pushes for LEED for $20M Office Complex	West Coast     Print Full Region • Hilton Moves Headquarters to DC Area • Intel To Halt Production at Local Facilities • Laptop Case Maker Inks 201,000-SF HQ Lease • Multifamily Leaders Weigh Recovery Prospects • City Buys Downtown Redevelopment Site • Marcus & Millichap Expands Capital Group • Report: Statewide Casino Profits Down 68% • Park Place Scores Bay Area’s First LEED Gold
Southeast     Print Full Region • Year-End Reports Show a Struggling CRE Market • Marcus & Millichap Does More FL Restructuring • Crow, ING Complete VW Distribution Center • CRE To Worsen, Then Stabilize in 2009 • Local Owner Capitalizes on Retail Opportunity • Lubert-Adler, Lane Co. Form Multifamily Venture
Departments
Executive Watch: Mr. President
UpClose: Cushman’s Eleni Reed
Commentary: Blumberg of Blumberg Capital Investors