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Sunday, 26 December 1999

Fate of Charleston Federal Building Uncertain

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December 27, 1999

Associated Press

CHARLESTON, S.C. – The future of the L. Mendel Rivers Federal Office Building here is uncertain, but the city's mayor would like to see the prime piece of real estate back in use as soon as possible.

The 35-year-old building's federal tenants have all found office space in other areas of the city a few months ahead of schedule. The building was scheduled to be emptied in April, but Hurricane Floyd caused leaks that forced early closure.

The federal government does not want to keep the property because the leaks and asbestos make renovation a costly proposition.

The city and federal government have discussed swapping the Rivers building on Meeting Street downtown for some city-owned properties on Broad Street near the federal courthouse annex.

The city's downtown plan said the site would be ideal for a new public building, possibly a symphony hall. Offices or a hotel are also options.

"That obviously is a key redevelopment site," Mayor Joseph P. Riley Jr. said. "That building will not languish there."

Copyright 1999, The Associated Press, All Rights Reserved.


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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
  • States: South Carolina
  • Sector: Office
  • Subject: Property Offerings (OFF)
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Data Digest







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




cppichart FP



CMBS 2.0 Spreads


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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