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

Tuesday, 13 August 2019

ASB Pays $123.75Mln for Riverside, Calif., Industrial Building

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ASB Real Estate Investments has paid $123.75 million, or $123.75/sf, for the 1 million-square-foot Columbia Business Park distribution facility in Riverside, Calif.

The Washington, D.C., investment manager bought the property, at 490 Columbia Ave., from Washington Capital Management Inc. of Seattle, which had owned it on behalf of an investor client. ASB bought it on behalf of its Allegiance Real Estate Fund, a core investment vehicle with $7.6 billion of assets.

The property, developed by Trammell Crow Co., is fully leased to Nordstrom Inc., which recently signed a long-term agreement. It has 37-foot clear height ceilings, cross docking with 143 dock-high...





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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:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Riverside
  • States: California
  • Sector: Industrial
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $100 million and $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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