| Federal Reserve Begins Fixed-Rate MBS Purchases : NEW YORK CITY-GSE spreads are rising, which will limit the beneficial impact of this move. Plaza Stops 860,000-SF Mall Redo : FRANKLIN TOWNSHIP, OH-The 40-year-old Columbus-area mall, down to 25% occupied, was supposed to get a large Menards until economic problems postponed that plan. Etak, Vitas Lease at Woodridge Centre : WOODRIDGE, IL-Etak Systems Inc. and Vitas Innovative Hospice Care have leased space at the 147,000-square-foot incubator industrial complex. Barker Targets $300M for Troubled Assets : LOS ANGELES-Two veteran execs join the firm as part of its plan to raise the $300 million in equity to buy distressed and value-added commercial real estate notes and properties. New Standpipe Inspection Rules Launched : NEW YORK CITY-The safety protocols, effective immediately, stem from the fatal 2007 blaze at the former Deutsche Bank building. Tyson’s Corner Poised for Growth : TYSONS CORNER, VA-The submarkets development plan is slated for approval this year, setting the stage for more mixed-use growth. $108M Presidio's Demolition Underway : SAN FRANCISCO-Having secured project financing in November Forest City Enterprises is now demolishing the non-historic wings as the first step in repurposing the piece of history. $700M Resort Gears Up for Opening : LAS VEGAS-MGM Mirage Inc, which recently agreed to sell its Treasure Island property, is believed to have gained a 50% equity interest in the $700-million 'South Strip' project in November. |