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

Thursday, 07 November 2019

Chicago Apartment Buildings Sell for $40.15Mln

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RDG Funds LLC has paid $40.15 million, or $542,568/unit, for the 74-unit 13thirteen Randolph Street Lofts in Chicago's Fulton Market area.

The Chicago investment manager, which pursues value-add and development opportunities, bought the property from JPMorgan Asset Management, which was represented by Cushman & Wakefield's Midwest multifamily advisory group. JPMorgan had purchased the property five years ago for $32.5 million.

The property is housed in two buildings, 1313 West Randolph St. and 114 North Elizabeth St., which are near the recently completed headquarters of McDonald's Corp. and the Midwest headquarters of Google LLC. They're...





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“The Weekly”

“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

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: Chicago
  • States: Illinois
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 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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