Breaking News
merrillExclusive: Harrison Street Closes on $430M Equity Fund
Chicago-based Harrison Street Real Capital has closed on a new private equity fund after raising about $430 million. Harrison Street Real Estate Partners II L.P., as the fund is known, began raising capital in March. There are more than 40 investors in the fund, including both domestic and European pension funds, insurance companies, endowments and foundations. One particularly large participant, the Arizona Public Safety Pension Retirement System, has committed $80 million to the fund, including an additional $45 million for co-investments.
Bush Drops Resistance to Housing Bill; House Expected to Vote Today
Despite his objections over a $3.9 billion provision that would assist communities devastated by foreclosures, President George W. Bush today dropped his opposition to housing rescue legislation. He was previously threatening to veto the legislation.
Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million.
Westcore Sells Vienna Office for $39M
Westcore Properties has announced the sale of a Class A Austrian office building.
Trio of Projects to Bring 1.7M SF to Suburban DC
The souring economy hasn't altogether dampened development activity. In the Washington, D.C., suburb of Arlington, Va., news has emerged about three new office and mixed-use projects that will bring a total of 1.7 million square feet to an area just minutes from the District.


News Briefs

In Focus
CNG-CPN large Audiocasts: Corporate Real Estate Views
CPN and CoreNet Global brought together a group of leading executives representing corporations, their service providers and the economic development sector during the May 2008 CoreNet Global Summit to discuss the difficult economy, the war for talent and sustainability. Click here for the audiocasts. For the accompanying story from the June 2008 issue, click here.
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.
CPN_Cover small Where Will Consumers Spend? A CPN-Claritas Special Report
Consumer spending is down for discretionary products. CPN has partnered with Claritas to rank the markets where expansion can still occur. Click here for the report.
Webcasts / Video
Capitalize On the Next New Real Estate Opportunity: Learn the Secrets Behind Single-Tenant, Multi-Tenant Net Lease Transactions

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
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
London Calling
Longtime British investor plans to bulk up in North America.

Guest Column
Tax Advantage
Energy-efficient building upgrades can maximize current-year tax savings, offsetting some of the installation expense. But the deduction comes as a limited-time offer.

Letter from the Editor
A New Conversation
Today's media aren't just about reporting information but also about exchanging thoughts and ideas—broadening the range of perspective to help move your business forward and guide your strategic decisions. For more than 20 years, CPN has brought you news and insight into the world of commercial real estate.
Career Center

Quality Real Estate Investing News and Resources


Commercial Property News is the leading publisher of commercial real estate news. We combine a variety of quality print, online and face-to-face products to serve and interact with the real estate industry. Our unprecedented coverage of real estate investing as well as in depth, objective coverage of real estate trends, concerns and issues through a wide variety of media keep those within the real estate business well informed.