Real Estate Market Update - February 8, 2010


Deals Update

*Investec acquires San Diego shopping center for $21.15 million

*$72 million retail sale is largest D.C.- area retail deal in 2 years

*Foreclosed building in Atlanta sells for $66.1 million

*Sausalito hotel sold in foreclosure sale for $11.4 million

*Bay Area shopping center is sold for $44 million

*EastGroup REIT buys three building complex in San Diego for $17 million

*CBRE Capital buys distressed debt on 203 units in San Francisco

*Citigroup said to be near deal to sell real estate unit

*Stoneridge buys Hawaiian retail center for $50.3 million

*Investors spend $21 million acquiring six net-leased retail properties in Orange County area

*Emeritus forms joint venture with Blackstone to buy 134 senior-living communities

*San Diego apartment sells for $28 million

Equity & Debt Update

*Hollywood Video to close 805 stores in bankruptcy

*Simon Property Group sells $2.25 billion in debt

*$155 million mortgage extension brings GGP closer to solvency

Please see full update below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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