Breaking News
nickSchorsch American Realty Closes $53M Deal For 39 Surplus Wachovia Branches
Aug. 28, 2008
American Realty Capital L.L.C. has closed on a $53 million deal to acquire 39 bank branches from Wachovia Corp. Under an agreement to purchase Wachovia’s surplus bank branches, American Realty plans to buy more than 70 branch Wachovia locations over the next year.
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
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Aug. 28, 2008
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Share Your Thoughts and Views on Today’s Breaking News and Important Real Estate Issues
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Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.
Trigild to Guide Closing of 37 Bennigan's, Steak & Ale Restaurants
Aug. 28, 2008
Distressed real estate specialist Trigild has been chosen to assist in the closing of 37 Bennigan’s and Steak & Ale restaurants in 13 states. The two restaurant chains, both subsidiaries of Metromedia Restaurant Group, filed for Chapter 7 bankruptcy protection, which enables the filer to liquidate its assets.


News Briefs
AmTrust Finalizes LaSalle Bank Building Buy
Aug. 27, 2008
DBSI Pursuing New Buying Strategy
Aug. 27, 2008
Raleigh Marriott City Center Opens
Aug. 27, 2008
Taubman Asia Unveils Flagship Stores at The Mall at Studio City, Macao
Aug. 27, 2008
Major Lease Renewed at Argon Plaza in Virginia
Aug. 26, 2008
Mid-America Apartment Communities, Fannie Fund to Halt Acquisitions
Aug. 27, 2008
Pacific Office Properties Closes $40M Credit Facility
Aug. 27, 2008
Parque Arauco Appoints General Manager to Lead Colombia Expansion
Aug. 27, 2008
First Financial Network Puts $75M Commercial Real Estate Loan Portfolio on Block
Aug. 26, 2008
Gates Takes Stake in Hotel REIT
Aug. 25, 2008

 

Fund Invests $44M in Texas, Ohio Student Housing
August 27, 2008
By Gail Kalinoski, Contributing Editor -- The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44...

Grubb & Ellis's Bach: Construction Costs May Be at Peak
August 27, 2008
By Dees Stribling, Contributing Correspondent -- The soaring cost of construction, spurred in recent years especially by the rising cost of inputs into the process--the energy needed, the costs of raw materials and so forth--may be at its peak, according...

JV Investment Boosts $3.4B India Mixed-Use Portfolio
August 27, 2008
By Barbra Murray, Contributing Editor -- In return for $126 million and change, Tel Aviv, Israel-based Elbit Imaging Ltd. has forked over part of its stake in a $3.4 billion mixed-use project portfolio in India via a new joint venture...

Trumbull Fund Refis $207M in Properties
August 27, 2008
By Tonie Auer, Southwest Correspondent -- Taking advantage of a good interest rate, Trumbull Property Fund refinanced six Class A multi-family properties throughout the country as part of a $207 million refinancing effort. The Hartford office of Holliday Fenoglio Fowler...

REal Talk with Adam Perrotta-Tuesday
August 26, 2008
By Adam Perrotta, News Writer --As the economy's struggles continue to bog down the retail sector, Sydney-based Lend Lease Corp. is planning to give up its 50 percent ownership interest in Metro Philadelphia's King of Prussia Mall. Given that the...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...



In Focus
ClaritasPRIZMS CPN-Claritas Special Report:
A Tale of Two Shopping Centers, plus demographic and psychographic data, geographic rankings for leading buyer groups. 		CPN Radio
Your daily audio post examining economic and industry news and trends. CPnRadio

• Mondays: economic indicators
• Tuesdays: property sectors
• Wednesdays: industry trends & green/international rotation
• Thursdays: related sectors 		GB_Cover08-200 Introducing the CPN 2008 Goldbook Digital,
your source for finding out who's who in commercial real estate. From the industry giants to the top net lease players and regional diversified firms, with the 2008 Goldbook Digital you will have industry-wide information at your fingertips. Plus, you can obtain information from advertiser web sites with just a click of your mouse.
Webcasts / Video
Capitalize On the Next New Real Estate Opportunity: Learn the Secrets Behind Single-Tenant, Multi-Tenant Net Lease Transactions

Nov. 28, 2007
Brought to you by Spectrus Real Estate Group

Join Commercial Property News for this live, interactive Web Seminar and hear from industry experts regarding the ins and outs of Net Lease transactions. Attend this online-only event and learn the differences between single-tenant Net Lease deals and multi-tenant deals and how Spectrus’ new Net Lease PLUS™ program can help.
Are All Cash Flows Created Equal? Learn How To Identify Quality Investment Real Estate
Sept. 11, 2007
Brought to you by Spectrus Real Estate Group

If you are already in the commercial real estate business, or looking to break in, imagine giving your clients the opportunity to give up the tenants, the toilets and the trash but not the profits. In this ever-expanding industry, you need a certain level of knowledge to protect your clients from the bad deals that lurk out there and to sift out the quality investment real estate opportunities from the poor ones.
Magazine
Federal Fortitude
Aug. 01, 2008
The nation's largest public real estate organization embarks on efficiency and consistency initiatives.

Guest Column
Standard Practices
Aug. 01, 2008
As real estate grows increasingly global, industry associations must take responsibility for establishing international standards that can improve business practices and make competition fairer worldwide.

Letter from the Editor
What's New?
Aug. 01, 2008
As the September launch date for CPN's promised redesign approaches, we are hard at work finalizing our products. Keep an eye out: The new size accommodates a very different look from what you've grown accustomed to. You will find an exciting array of new columns, as well as new contributors and a fresh approach to the business of commercial real estate.
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