Real Estate Market Update - March 24, 2010

In this Issue:

Deals Update

*Maguire Properties sheds OC office complex for $90 million

*Kennedy Wilson venture buys $342M loan portfolio

*One of the few retail projects in the country begins construction in Fort Worth

*Liberty International in talks to sell its $560 million California shopping center business

*Inland Real Estate pays $424M for retail portfolio

*Lakewood Ranch firm buys $81 million in residential lots in Florida

*Hanover Real Estate Partners announces sale of Rosemead, CA office building

*Related Companies to build Palm Beach County convention center Hilton

*South Bay campus to be sold

*Nationwide Health Properties acquires California medical office buildings

*Jack in the Box 66-unit auction reaps $39M

*Chicago area shopping center sold

*LaSalle Properties makes hotel trade for $95M

*Six suburban shopping centers part of $424M deal

Equity & Debt Update

*$845M debt offering boosts MGM prospects

*WaMu reaches settlement with JPMorgan, FDIC

*Summit Capital weighs US $380m in real estate finance, including hotels

*Florida's Shore Club hotel faces foreclosure

*General Growth lines up $4 Billion more for bankruptcy exit

*Government Action Update

..Government of California may raise $2B in sale of office properties

..First Citizens buys Sun American Bank out of FDIC receivership

Please see full article 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.

© Allen Matkins Leck Gamble Mallory & Natsis LLP | Attorney Advertising

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