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Wednesday, 16 May 2018

Hana Turns to Deutsche Bank to Finance $290Mln Purchase of DreamWorks Complex

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Commercial Real Estate Direct Staff Report

Hana Asset Management, which bought the 459,770-square-foot DreamWorks Animation SKG Studio in Glendale, Calif., for $290 million, turned to Deutsche Bank for $200 million of financing.

As reported, Hana, a Korean investment manager, bought the five-building office/studio property, at 1000 Flower St., from Griffin Capital Essential Asset REIT Inc. It is fully leased to DreamWorks, a producer of animated films, under an agreement that runs through February 2035, but could be extended for up to four additional five-year terms. It pays $28.42/sf in base rent under its net lease, providing the property with $13.3 million of net cash flow.

DreamWorks had...





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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: Los Angeles
  • States: California
  • Sector: Industrial, Office, Other
  • Subject: Mortgages/Financing (MOR)
  • Company: Deutsche Banc Alex. Brown
  • 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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