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Monday, 25 March 2002

Mid-Atlantic Digest (3/26/02): Pittsburgh Leasing Predictions for 2002 Solid

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March 26, 2002

Leasing predictions still healthy for 2002, but tenants should look for concessions
The Pittsburgh Tribune-Review

PITTSBURGH – Last year produced a fair share of major leasing deals, property sales and news of planned economic development projects in western Pennsylvania, despite corporate downsizing in the wake of the national economic slump and Sept. 11. For 2002, local experts believe property owners, managers and commercial real estate brokers still will be able to make deals, although the activity may not be as robust as in prior years until underlying conditions improve. But the good news for prospective tenants is that owners of office buildings and industrial facilities may be willing to offer some incentives, such as limited free rent or buildout allowances.

Bromo Seltzer tower in Baltimore now empty
The Baltimore Sun

BALTIMORE – For the first time in 28 years, Baltimore's quirky Arts Tower has no city arts employees working there and is available for a new use. Employees from the old Mayor's Advisory Committee on Art and Culture moved out over the weekend, following that agency's merger this year with the Baltimore Office of Promotion. The agency's new offices are on the fifth floor of the Legg Mason Building at 7 E. Redwood St. – the barely used former headquarters of the failed Coleman Craten brokerage firm. The move also means that the 15-story tower at 15 S. Eutaw St., also known as the Bromo Seltzer Tower and modeled after a 13th-century stone watch tower in Florence, Italy, is without a tenant for the first time since the arts agency took up residence in 1974.

Jones Lang LaSalle wins leasing, managing assignment for 1300 Eye St.

WASHINGTON – Jones Lang LaSalle has been awarded the leasing and management assignment for 1300 Eye Street in Washington, D.C. The 12-story, 468,183-square-foot office building is located in Washington's East End submarket and is the eighth largest, non-government building in the city. The building's primary tenant, Finnegan, Hendersen, Farabow Garrett & Dunner, will be leaving its space in early 2005. The property is two blocks from the White House, three blocks from the MCI Center and four blocks from the new D.C. Convention Center.

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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Data Digest







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




cppichart FP



CMBS 2.0 Spreads


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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