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Tuesday, 23 April 2002

Mid-Atlantic Digest (4/24/02): Demolition Kicks Off New Philly Office Tower

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April 24, 2002


Clearance of Philly office tower site under way
The Philadelphia Inquirer

PHILADELPHIA – Philadelphia's next skyscraper got closer yesterday toward an August groundbreaking. A backhoe began knocking down the first of several buildings on the site, next to Suburban Station at 17th Street and John F. Kennedy Boulevard. Liberty Property Trust will develop the 52-story office tower. The demolition work served as a backdrop for a noon ceremony, hosted by Willard G. Rouse 3d, Liberty chairman, at which Mayor John Street signed an ordinance cutting the city wage and business gross-receipts taxes.


New franchise deals boost Choice Hotels' earnings
The Baltimore Business Journal

SILVER SPRING, Md. – Hotel franchisor Choice Hotels International Inc. has reported that income was up 16 percent in the first quarter. The company said earnings were $8.6 million, or 20 cents per diluted share, for the period ending March 31. For the first quarter last year, earnings were $7.4 million, or 16 cents per diluted share. Royalty revenue collected from franchisees was down because of slower hotel room rentals, but new hotel openings perked up total revenues 12 percent to $75.3 million, compared to $67.2 million a year ago. Choice Hotels inked 59 new hotel franchise deals in the quarter.


New Ferguson HQ under way in Newport News, Va.
The Virginian-Pilot

NEWPORT NEWS, Va. – Ferguson Enterprises Inc. has begun construction of a $20.5 million headquarters near the entrance to Newport News/Williamsburg International Airport. Ferguson is the nation's largest wholesale distributor of plumbing, heating and air-conditioning supplies. The 150,000-square-foot, five-story office building will be completed next spring in the Patrick Henry Commerce Center. Ferguson's current headquarters is next door to the 13-acre site where the new office will be built. That building is about six years old and had been projected to serve as its headquarters for at least 10 years, but Ferguson outgrew it faster than expected.


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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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