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

Thursday, 08 November 2018

Largest Building in Suburban D.C.'s Skyline Portfolio Comes to Market

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Commercial Real Estate Direct Staff Report

One Skyline Tower, a 511,505-square-foot office building in the Washington, D.C., suburb of Falls Church, Va., is the subject of a sales auction on the RealInsight Marketplace platform this afternoon.

The building, at 5107 Leesburg Pike, is the largest of eight backing a soured $678 million mortgage package that was securitized among three legacy CMBS deals. The 2.6 million-sf portfolio, commonly known as the Skyline Portfolio, previously was owned by Vornado Realty Trust, which in 2015 decided against subsidizing the debt's annual servicing obligation.

Its offering, which is being spearheaded by Cushman & Wakefield, was highlighted this morning in a TreppWire report.

The portfolio was hard hit as a result of the Base Realignment and Closure, or BRAC, statute, which prompted the Department of Defense to consolidate its space, resulting in it vacating roughly...


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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Washington
  • States: District of Columbia
  • Sector: Office
  • Subject: Property Offerings (OFF)
  • Company: Cushman & Wakefield, Trepp LLC
  • Valuation: More than $150 million
  • Private: Yes
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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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