Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Wednesday, 14 February 2018

3 Suburban Chicago Warehouses Sold for $151Mln

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Blackstone REIT Inc. has paid $151 million for a portfolio of three warehouse properties with about 1.7 million square feet in the Chicago suburb of Aurora, Ill.

The non-traded REIT bought the properties from a fund managed by JPMorgan. Properties in the portfolio consist of 1700 North Edgelawn Drive, with 860,000 sf; 2380 Sullivan Road, with 531,000 sf, and 2303 West Indian Trail Road, with 302,000 sf. They are fully leased to Kraft Heinz and Mondelez International.

JPMorgan, through its JPMCB Strategic Property Fund,...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Chicago
  • States: Illinois
  • Sector: Industrial
  • Subject: Property Acquisitions (ACQ)
  • Valuation: More than $150 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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