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Sunday, 16 April 2000

Southeast Regional Digest

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April 17, 2000

CarrAmerica leaving region
The South Florida Business Journal, April 17

BOCA RATON, Fla. – Washington, D.C.-based CarrAmerica has hired Holliday Fenoglio Fowler to market its small but high-profile South Florida office and land portfolio, which consists of Presidential Circle in Hollywood, three buildings in Boca Raton and 20 prime acres in northern Boca Raton. The REIT is exiting the South Florida and Phoenix markets simultaneously. It will concentrate on building property instead of buying and will use money from the sale of properties to finance new development.


Atlanta firm continues path to industrial dominance
The South Florida Business Journal, April 17

SUNRISE, Fla. – Industrial Developments International of Atlanta has cut a deal to buy 24 acres in Sunrise along I-595 west of NW 136 Ave. IDI plans to build 395,000 square feet of warehouse and distribution space in two buildings on the site. The sale is expected to close in 90 days for an undisclosed price and construction is expected to start in August. The Sunrise deal marks IDI's fourth since entering the South Florida market in early 1998.


Development park at Florida Atlantic adding office building
The Palm Beach Post, April 16

BOCA RATON, Fla. – The Florida Atlantic University Research and Development Park's four industrial-type buildings are full, but construction starts this month on another building. This one will be the park's first office building, a 52,000-sf facility that should be completed by December. Rents will be about $17 per sf.


Developers eye railroad's downtown site
The Atlanta Journal-Constitution, April 17

ATLANTA – Norfolk Southern Railroad expects to receive six or seven proposals this week from developers who want to buy all or part of 35 acres and four buildings at Spring and Mitchell streets. The property is adjacent to a proposed site for a massive transit center, and at least one developer wants to connect a high-rise office building to the new depot. The downtown property includes more than 404,000 sf.


Office market flexed muscles in first quarter
Atlanta Business Chronicle, April 17

ATLANTA – An already strong Atlanta office market has gotten stronger, according to first quarter office market statistics. At 1.7 million sf, net absorption has already surpassed the 1.5 million sf absorbed by mid-year 1999. The market is at 11.9 percent vacancy rate versus 13.4 percent at the end of 1999. More than 5 million sf was leased in the first quarter, putting the market on a pace to shatter last year's record output of 15 million sf. Rental rates dropped slightly.


Office footage overshadows mall expansion
The Business Journal of Charlotte, April 17

CHARLOTTE – As the controversial SouthPark mall rezoning goes to a public hearing April 17, far larger office developments – three times the size of the mall expansion – are already possible for SouthPark. Existing zoning allows for adding more than 1.6 million sf of offices.


Rock Point plans spec building in High Point
The Business Journal of the Greater Triad area, April 17

HIGH POINT, N.C. – Steven Bombart and Lenny Samet, partners in Rock Point LLC, are planning to begin construction this summer on a 31,200-sf flex building at 4355 Federal Drive. The brick structure, slated for completion before year's end, will mirror a similar building they began last year on the same 5.6-acre tract. Both buildings will cost about $3 million.


Deerwood to get $25 Mln spec project
The Business Journal of Jacksonville, April 17

JACKSONVILLE – Developer Phil Phillips is spending $25 million to build speculative office space in Deerwood, one of the city's hottest commercial locations. The Meridian at Deerwood is a 200,000-sf office project on Deerwood Boulevard. Compass Bank is financing the project and some of the space is to be leased to technology companies.


Bass Pro Shops superstore set to open at Festival Bay Mall
The Orlando Sentinel, April 17

ORLANDO – Bass Pro Shops Outdoor World plans to open its 150,000-sf Orlando superstore May 25 at Festival Bay, a 1.1 million-sf shopping mall that Belz Enterprises is building on International Drive.


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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
  • Subject: Southeast Regional Digest (SEDIG)
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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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