PAYING A PREMIUM

As part of a broader survey, DLA Piper asked 274 respondents which of the following factors were driving public-to-private deals in real estate with rank 1 being the highest.

RESPONSES RANK 1 RANK 2 RANK 3 RANK 4 RANK 5 RANK 6 WEIGHTED RANK (SCORE)
Private equity funds willing to pay a premium 107 59 36 15 28 14 1 (1196)
Cheap rates in the debt market 51 63 57 36 30 23 2 (1040)
Public markets undervaluing REITs 43 47 42 35 51 39 3 (907)
Regulatory hurdles and administrative costs associated with being a public REIT 26 41 35 49 50 57 4 (805)
Ease and speed of completing transactions as a private company 15 25 51 73 55 40 5 (788)
Increased demand for real estate exposure to diverse portfolios 19 29 38 51 41 81 6 (727)
(Did not answer) 11
Total Responses 274
Source: DLA Piper

GAS PAINS

The National Retail Federation's 2007 Gas Prices Consumer Intentions and Actions Survey, conducted by BIGresearch, found that nearly three-fourths of consumers are concerned about high gas prices and how they've impacted spending habits.

Consumers who believe fluctuating gas prices have impacted their spending habits:
74.2%

Shoppers looking for more sales:
30.7%

Respondents who have cut back on vacation:
32.6%

Respondents taking fewer shopping trips:
40.2%

Consumers shopping closer to home:
37.9%

Dining out less:
31.1%

How high will gas per gallon prices be by Father's Day? The average consumer says:
$3.32

Spending less on clothing:
24.1%

Delayed major purchases:
20.1%

Source: National Retail Federation

BLOCKBUSTER SUMMER

A remarkable May saw three of the four most successful movie openings of all time. A trio of third entries in successful franchises — Spider-Man 3, Shrek the Third and Pirates of the Caribbean: At World's End — each raked in openings of greater than $100 million. That has the second quarter of 2007 poised to be the best ever for the theater industry.

THE TOP 20 FILM OPENINGS OF ALL TIME
Opening Total Gross Date
Spider-Man 3 $148.00 $414.40* 5/4/07
Pirates of the Caribbean: Dead Man's Chest 135.6 423.3 7/7/06
Shrek the Third 121.6 352.8* 5/18/07
Pirates of the Caribbean: At World's End 115.1 359.6* 5/25/07
Spider-Man 114.8 403.7 5/3/02
Star Wars: Episode III 108.4 380.3 5/19/05
Shrek 2 108.0 441.2 5/19/04
X-Men: The Last Stand 102.8 234.4 5/26/06
Harry Potter and the Goblet of Fire 102.7 290.0 11/18/05
Harry Potter and the Prisoner of Azkaban 93.7 249.5 6/4/04
The Matrix Reloaded 91.8 281.6 5/15/03
Harry Potter and the Sorcerer's Stone 90.3 317.6 11/16/02
Harry Potter and the Chamber of Secrets 88.4 262.0 11/15/02
Spider-Man 2 88.2 373.6 6/30/04
X2: X-Men United 85.6 214.9 5/2/03
The Passion of the Christ 83.8 370.3 2/25/04
Star Wars: Episode II 80.0 302.2 5/16/02
The Da Vinci Code 77.1 217.5 5/19/06
Austin Powers in Goldmember 73.1 213.3 7/26/02
The Lord of the Rings: The Return of the King 72.6 377.0 12/17/03
*Projected Source: Box Office Mojo, Webush Morgan Securities

SERVICE WITH A SMILEY FACE

ForeSee Results conducts a biannual study (spring and holiday season) of customer satisfaction with the top retailers by sales volume as determined by Internet Retailer. This year, the firm expanded its research from the Top 40 to the Top 100 online retailers. Here we list the top 25, according to the survey, as measured by the University of Michigan's American Customer Satisfaction Index.

ONLINE RETAILER SATISFACTION INDEX
Website Satisfaction Spring 2007 Satisfaction Spring 2006 % Change Spring '06-'07
Netflix.com 85 85 0.00%
QVC.com 85 82 3.70%
Amazon.com 83 83 0.00%
BN.com 82 78 5.10%
DrsFosterSmith.com 81 N/A N/A
AmericanGirl.com 79 N/A N/A
MarketDay.com 79 N/A N/A
LLBean.com 79 80 -1.30%
HSN.com 79 78 1.30%
TigerDirect.com 79 78 1.30%
Zappos.com 79 78 1.30%
Apple.com 79 77 2.60%
Cabelas.com 78 N/A N/A
MusiciansFriend.com 78 N/A N/A
OrientalTrading.com 78 N/A N/A
Schwans.com 78 N/A N/A
Newegg.com 78 82 -4.90%
Avon.com 78 76 2.60%
Dell.com 78 76 2.60%
Blockbuster.com 77 N/A N/A
Shutterfly.com 77 N/A N/A
VictoriasSecret.com 77 N/A N/A
Quixtar.com 77 78 -1.30%
BassPro.com 76 N/A N/A
Crutchfield.com 76 N/A N/A
Source: ForeSee Results