Member Log In: E-mail Address Password Remember me on this computer

	Top Stories for the Week of March 2, 2009	Print Full Issue
	Click Here For Regional Coverage National Report: Bank Failures Accelerating OAKLAND, CA-The failures, now totaling 40, have grown in size and frequency such that an additional 82 banks are now expected to fail over the next six months regardless of government support. Loan Defaults Increase to 1.6% NEW YORK CITY-Economist Sam Chandan says the prospect of further commercial mortgage defaults presents risk to the stability of financial institutions. We're in a Recession, Now What? LOS ANGELES-Now that the economic downturn and credit crisis have altered the commercial real estate playing field, industry professionals are gathering to formulate new game plans. Philly: Less Doom and Gloom Than Other Cities PHILADELPHIA-The recession here is seen as milder than other major municipalities, RealShare speakers say. General Growth Has $1B in Overdue Debt CHICAGO-The retail-focused company may need to seek legal protection from its creditors. Wynn’s Vegas Occupancy Dips Below 80% in 4Q08 LAS VEGAS-Compared to the final three months of 2007 occupancy is down 14.6 points and RevPAR is off by 20%. Lowe’s Testing a Smaller Format MOORESVILLE, NC-The home-improvement chain is opening 60 to 70 stores this year, down from the 115 opened in 2008. Panelists: Speed, Capital Needed in Bailout NEW YORK CITY-Panelists at Incisive Media’s "Financial Sector in Distress" conference said big banks are actually lending as much as is prudent. Gap to Grow Outlets, Overseas, Cut Back in US SAN FRANCISCO-The operator of Gap, Old Navy and Banana Republic stores posts a lower fourth-quarter profit on a steep drop in sales but still produces 16% profit growth for the year. Green Support Remains, LEED Interest Slips LOS ANGELES-The commercial real estate and construction industries continue to support green building, but support for official LEED certification slips in a new survey. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Citi, Treasury in Stock Swap Deal • MacArthur Debuts $147M Initiative • New Firm Eyes $4B in DC Defaults • Agencies See More Pressure for Securities • Atlantic Yards Wins a Round in Court • HRPT Properties Trust Wraps Up Q4 • HUD Allocates $10B of Recovery Act Funding • PREIT Sees a Tough Year Ahead • Philly Multifamily a Bright Spot in Market • Fordham Scales Back Upper West Side Plan • iStar Reports Losses for Quarter and Year • TJX Looking at Urban Spaces • Sonic Looking to Open 40 Stores • $220M Forensic Lab Forming Fingerprint • Retail Is a Mixed Bag in Philly • PR Agency Moves HQ to Lincoln Building • Saks Posts $155M Loss for FY 2008 • Clark Wins $80M College Park Dorm Project • Parkway Properties Departs VA; May Enter DC • Macklowe: 510 Madison on Track Despite Fire • Office Center Snags Energy Star • GSA Oversees $5.5B Under Stimulus Act • JEMB Branches Out Into Debt Investment • All-Cash Buyer Snags MXD Project • City OKs Mixed-Use Project	Southwest     Print Full Region • Zale Plans 115-Store Shut-Down • The $4B Winner: LBJ Development Partners • McKinney Westin Could Move Forward • AIMCO Puts 1,628 Units On The Sales Block • CBD Momentum Spurs Developer On • Economy Dampens Weingarten Earnings • Tallest Building's Retail Comes To Market
Midwest     Print Full Region • Macy’s Not Renegotiating Rents • Kohl’s Looks to Fill Others’ Vacancies • Agree Realty Reports Higher FFO, Lower Net Income • Darwin Tapped To Market 496,260-SF Building • Developers Diversified Agrees to Sell 30M Shares • Phoenix Building Group To Build 180,000 SF of Retail	West Coast     Print Full Region • Pacifica Targets Urban, Distressed Projects • Boyd Gaming Posts $221M Loss • Northwest Apt. Market Down but not Out • RiverRock Expands Distressed Assets Unit • Forecast Sees Faster Downtown Recovery • MGM Seeking Guests Early for Citycenter • Boyd Shows Interest in Station Casinos • BRE Brings More Sacto Assets to Market • Building Services Firm Inks New HQ Lease • Pacifica Capital Eyeing Vegas’ Declining Values
Southeast     Print Full Region • Equity One Puts Faith in Grocer-Anchored Centers • Shopping Center Deals More Challenging • Office Depot Maintains New Store Plans • Fed Bank President Expresses CRE Concerns • Medical Company Acquires Buildings for Expansion • Post Properties Tender Offer Expires	Around The Globe     Print Full Region • Canada’s CRE Market Hits 14-Year Low • ProLogis Constructing Postal Service Facility • AXA REIM Purchases Retail Assets for $141M • World’s Office Markets See Rents, Occupancy Decline • Lend Lease’s Operating Profit Drops
Departments
Executive Watch: REO Jobs
UpClose: Thompson National Properties’ Lyle Lansdell
Commentary: Cohen Financial’s Taft