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TOP STORY
WASHINGTON, DC-With trophy space so tight, Ralph Dweck might be able to get $100 per sf for 300 New Jersey Ave.
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| FEATURES | ||
| SL Green Braces for Slowing Market NEW YORK CITY-Posting a solid Q1, the office REIT sees a slowdown coming due to the financial industry's troubles. With that, is a predicted decline in net effective rents. | BioMed Stays Cautious Despite Solid Q1 SAN DIEGO-BioMed Realty Trust isn't letting down its guard despite its Q1 numbers. Its eyes are fixed on venture capital markets because it fuels existing and future tenants. |
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SECTOR WATCH
ProLogis Buys $86M of Korean Industrial AssetsICHEON CITY, SOUTH KOREA-The three facilities are located in three different cities and total 888,900 sf.
INDUSTRIAL
• Phoenix Leaders Change at CBRE, Grubb & Ellis• Tejon, Environmental Groups Strike Deal
• Orange Regional Closes on $261M Bond Deal
MULTIFAMILY
• Condo Developers Strategize to Lure Buyers• SVN Selling Offices to Focus on Franchises
• David L. Pergola Joins CBRE New England
RETAIL
• UDC Globals Biff McGuire• Trump Casinos Lose $19M in Q1
• Circuit City Considers Blockbuster Offer
HOTEL
• ULI Creates 21st Century Road Map for Change• Red Lion Buying 487-Key Radisson for $25M
• Ryan Reaps $12M for Suburban Residence Inn
NET LEASE
• Wachovia CRE Exec Makes Surprise Departure• Editorial Shifts Reflect REMs Integrated Focus
• Hunsaker Leaves CBRE for Grubb & Ellis
AROUND THE NATION
GlobeSt.com: Swig MXD Tower Has Industry Confidence
NEW YORK CITY-Following details of Swig Equities planned 62-story glass condo, hotel tower at 45 Broad St. here, insiders express extreme confidence in timing and Downtown demand.
HEADLINES
• Real Estate Forum: Is the CMBS Market on Life Support?
• GlobeSt.com:
Multifamily Market Feels Pressure From Economy
• NetLease Forum:
Todays Market Just the Beginning of Cap Rate Movement


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