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|  TOP STORY
MINNEAPOLIS–The discount-grocery chain plans to renovate 155 stores this year as part of its $1-billion program.
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| FEATURES | ||
| Will Bailout Help Retail Real Estate? There’s equity out there, but no debt. |
Ultra-Rich Shopper Remains Intact The ultra-wealthy are continuing to shop, but the 'merely' wealthy are cutting back. |
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BLOG: COUNTER CULTURE
Starbucks Faces Lease BattlesSECTOR WATCH
The Latest From Other Markets
Hersha Hospitality In $175M Credit AgreementThe Latest From Other Markets
PHILADELPHIA-The upscale-hotel firm will use the funds to, among other things, acquire assets.
INDUSTRIAL
• Rail Freight Makes Big Advances• Falling Confidence Cuts Container Ship Orders
• Large-Warehouse Sector Absorbs 17M SF in First Half
MULTIFAMILY
• Investor Pays $7M for 90-Unit Apt Complex• BoA Sells 147-Unit Foreclosure
• Trump Tower Hits Peak While Economy Drops
OFFICE
• Law Firms May Go LoDo• Interior Dept. Renews 138,000 SF
• CBD Q3 Good, Absorption To Drop in 2009
HOTEL
• Aloft Gets $13M Construction Loan• Occupancy, Rates Fall at Wynn LV
• IHR to Manage Jackson-Shaw Asset
NET LEASE
• Lehman Files Ch. 11; BofA Buying Merrill• Conference: IE Shadowed by Dark Economy
• Landmark Royal Hawaiian Goes to Market
AROUND THE NATION
Trump Tower Hits Peak While Economy DropsCHICAGO-Timing is everything, says the Donald’s son Eric, as the company’s nearly $1 billion hotel-condo project overlooks other stalled residential high-rise developments.
HEADLINES
• Real Estate Forum: The Game Changes
• Netherlands Consulate Renews 1 Rock Plaza Lease
• NetLease Forum:
Shareholders Challenge CVS' Longs Buy
DEAL FOCUS
NorthMarq Takes on Management of 1M-SF PlusMIINNEAPOLIS-The company has been hired to manage three portfolios, including more than 1.2 million sf of retail. Clients have felt the economic stress, an SVP says.
FINANCE
• Retail Project, Storage Site Land $42M• Sovereign Bancorp in Takeover Talks
• Will Bailout Help Retail Real Estate?
DEVELOPMENT
• LNR, Hopkins Begin $850M Mixed Project• Journal Square Will Get Major Makeover
• Third of Six Citycenter Towers Tops Out
LEASING
• Regency Launches 470,000-SF Shopping Center• Younger Opens Up About Grubb's Texas Strategy
• $30M Shoppes at Calimesa to Launch
SALES
• Supervalu Earnings Slip; Remodels Help Sales• 130-Acre Owner Lops Off 20 Acres Beside School
• Come-Back Plan In Works for Gainesville Outlets
COMMUNITY
'It’s going to be very difficult for commercial real estate because cost to capital is going up.'
CALENDAR OF EVENTS
FEATURED EVENT
ICSC New York National Conference & DealMaking
December 8-10, 2008
New York Hilton & Towers, New York
New York Hilton & Towers, New York
NEXT EVENT
October 22, 2008, 12:30 EST
Webinar on GlobeSt.com
Webinar on GlobeSt.com
DIRECTORIES
A guide to product suppliers and service providers for New York's commercial real estate industry.
A guide to product suppliers and service providers for New Jersey's commercial real estate industry.
A guide to product suppliers and service providers for Southern California's commercial real estate industry.NOMINATIONS
Florida's Top Real Estate Lawyers to be Featured in February/March Special Double Issue
Commercial real estate has become increasingly complex, with myriad rules, regulations and various factions impacting whether a project becomes reality or advances little more beyond the idea stage.
