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

Friday, 24 January 2020

Children's Investment Fund Lends $870Mln for Boston's South Station Redevelopment

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The Children's Investment Fund has provided $870 million of construction financing for the first phase of Boston's South Station's redevelopment.

A venture comprised of Hines, Dutch investment manager APG Groep NV and Dune Real Estate Partners is building two mixed-use buildings - a 51-story tower atop the transportation hub, which opened in 1898 at Summer Street and Atlantic Avenue in the city's downtown, and the other on the neighboring bus depot.

The first phase will be comprised of 660,000 square feet of office and retail space, 166 residential condominium units and parking for more than 500 vehicles.

The residential unit will have up to three bedrooms each and include penthouse...





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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: Boston
  • States: Massachusetts
  • Sector: Mixed-Use
  • Subject: Development/Construction (DEV), Mortgages/Financing (MOR)
  • 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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