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Monday, 22 April 2002

Mid-Atlantic Digest (4/23/02): $250Mln Md. Retail Project Due to Commence

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April 23, 2002

Baltimore's Parole Plaza rehab is near, builder says
The Baltimore Sun

BALTIMORE – At Parole Plaza near Annapolis, the outdated mall will soon be replaced by a new retail and residential hub called Parole Centre. The $250 million redevelopment project, which has been in the works for close to a decade, is creeping toward a kickoff date as an advisory committee wraps up its final report and New Jersey-based developer and owner Carl Freedman prepares to raze the obsolete structure. An architect's plan for a 12-story apartment tower also is near completion.


Why REITs are finding their way into portfolios
The Philadelphia Inquirer

KING OF PRUSSIA, Pa. – The Pennsylvania Real Estate Investment Trust has been on a roll of late and offers a clear window into the way real estate investing is changing. Real estate stocks may be replacing old-fashioned, pre-deregulation electric utility stocks in many portfolios. PREIT, as the company is known, recently declared its 100th consecutive dividend – dividends that have been paid semi-annually or, more recently, quarterly, going back to 1960. The total value of its outstanding shares has risen dramatically – from $214 million at the end of 1999 to nearly $402 million at the close of trading yesterday. Like about a third of its rival real estate trusts, PREIT posted 52-week stock-price highs earlier this month.


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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: 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

 

 

 

REITCafe

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    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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