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

Monday, 10 January 2011

San Diego-Area Retail Center Sells for $35.7Mln

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Retail Opportunity Investments Corp. has paid $35.7 million for the Marketplace Del Rio, a 177,136-square-foot retail center in the San Diego suburb of Oceanside, Calif.

The Purchase, N.Y., blank-check company, formerly known as NRDC Acquisition Corp., has registered to become a REIT.

It said Marketplace Del Rio is 91 percent leased and anchored by a Stater Brother supermarket, Walgreen's and Ace Hardware.

Separately, the company said it completed the $20.8 million acquisition of Pinole Vista, a 165,025-sf shopping center in Pinole, Calif., which is in the San Francisco area. The company had previously agreed to pay $21.75 million for the property, which is 90.9 percent occupied and anchored by a Kmart, Lucky supermarket and Dollar Tree.

The company so far has acquired interests in 25 properties with more than 2.8 million sf.

Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.



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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
  • Cities: San Diego
  • States: California
  • Sector: Retail
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
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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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