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Tuesday, 19 March 2002

Mid-Atlantic Digest (3/20/02): Boston Properties to Build 538,000-sf Office Building in DC

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March 20, 2002

Boston Properties signs anchor tenant at 901 New York Ave.
The Washington Business Journal

WASHINGTON – Boston Properties got the green light to build 901 New York Ave. N.W. after signing a long-awaited lease with Finnegan Henderson Farabow Garrett & Dunner. Finnegan Henderson preleased 250,000 square feet in the proposed 538,000-sf Class-A building about two blocks from the new convention center. The law firm will move its headquarters from 1300 Eye St. N.W. Construction on 901 New York is expected to begin in September, with delivery scheduled for September 2004. The building will include 10 floors of office space, ground-level retail totaling 27,000 sf and four levels of underground parking.


Interest growing in Toyota's Baltimore Port space
The Baltimore Business Journal

BALTIMORE – Within hours after Toyota Motor Sales USA announced it will pull out of the Port of Baltimore, at least three potential tenants expressed interest in taking over the space. Toyota notified the Port Administration of its decision not to renew its lease at the Fairfield Auto Terminal Monday. Toyota was leasing 44 acres and plans to stay at the Port until the end of its lease in October 2003.


Official says demand exists for 800,000 sf of downtown space
The Pittsburgh Tribune-Review

PITTSBURGH – There is about 800,000 sf of sublease office space available in downtown office buildings. But according to CB Richard Ellis leasing activity has picked up, and the firm expects much of the sublease space to be filled by the third quarter. Examples of recent activity include Citizens Bank's sublease of nine floors in 525 William Penn Place from Mellon Bank, and Merrill Lynch's recent placement of 8,900 sf in U.S. Steel Tower for sublease.


Name change for DC hotel – again
The Washington Business Journal

WASHINGTON – The Westin Fairfax is changing its name to the Westin Embassy Row. The hotel, on Massachusetts Avenue N.W. near Dupont Circle, was renamed the Westin Fairfax after Starwood Hotels & Resorts took over the property in 1998. Previously, it was a Ritz-Carlton property.


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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
  • 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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