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

Wednesday, 14 July 1999

Teachers In Talks to Buy San Francisco Office Building

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July 15, 1999



SAN FRANCISCO — Teachers Insurance is said to be negotiating to buy 88 Kearny Street, a 210,000-square-foot office building in the city's downtown.

Although Teachers would not confirm or deny a deal, the San Francisco Business Times reported that the pension fund could pay between $65 million and $67 million, or up to $320/sf for the building.

Seller Jaymont Properties, the San Francisco-based investment company, is also said to be considering the sale of other properties. Jaymont is controlled by the Jameel family of Saudi Arabia. The family is said to be in the midst of liquidating its U.S. assets.

Jaymont was represented in the sale by Greenwich Group International.




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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 Francisco
  • States: California
  • Sector: Office
  • Subject: Property Acquisitions (ACQ)
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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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