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Tuesday, 08 July 2003

Developer Drops Bid for Dilapidated Md. Mall

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July 9, 2003

The Baltimore Sun

An Annapolis, Md., developer is pulling out of a deal to buy the long-vacant Parole Plaza, becoming the third developer in as many years to pass on the 34-acre mall just west of Annapolis. Walt Petrie said yesterday he could not come to terms with Parole Plaza owner Carl Freedman of New Jersey, son of the original plaza's developer. Freedman had planned a $250 million makeover of the well located property for close to a decade, but the plans stalled because he let the required permits lapse. Petrie, who owns Petrie Ventures, and his partners, Forest City Management of Cleveland, had agreed on a price with Freedman but couldn't agree on a closing date.


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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
  • States: Maryland
  • Sector: Retail
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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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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