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Monday, 20 May 2002

Mid-Atlantic Digest (5/21/02): Billboard Operator Considering New Pittsburgh HQ

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May 21, 2002

Billboard operator considering new HQ
The Pittsburgh Post-Gazette

PITTSBURGH – Baton Rouge-based Lamar Advertising Co., the largest operator of billboards in the Pittsburgh area, may replace its five-building complex in Oakland with a six-story, 150,000-square-foot regional headquarters on a hillside site overlooking Fifth Avenue. Lamar has hired Oxford Development Co. and The Design Alliance Architects to conduct a six-week feasibility study and determine if the new $15 million building is Lamar's best option. Lamar would take about 40,000 sf in the building and rent the remaining space to other tenants.

Deer Creek retail development in Harmar, Pa., faces tax-break vote
The Pittsburgh Tribune-Review

HARMAR, Pa. – Debate over the controversial $160 million Deer Creek Crossing retail and office project could come to a head Wednesday when Allegheny County lawmakers are due to vote on delaying the county's share of a $25 million tax break. Council members are expected to decide whether Orix-Woodmont, a Dallas-based developer, must file a new application for county tax-increment financing on the project that was approved in 1999 by the three former county commissioners.

Best Buy looking at DC's Tenleytown
The Washington Post

WASHINGTON – Owners of the vacant Hechinger store on upper Wisconsin Avenue in the District are in serious negotiations to bring two major retailers to the site – Best Buy and the Container Store. Sources close to the negotiations said the big box retailers are close to signing leases that would bring them to the Tenleytown building by late 2003, with electronics retailer Best Buy occupying the lion's share of the ground-floor level, or about 50,000 sf. Four other retailers are vying for the remaining 25,000 sf of street-level space, including the Container Store, a housewares retailer, D.C. officials said.

Marriott sees solid summer for lodging industry
The Washington Business Journal

BETHESDA, Md. – Marriott International is standing by its forecasts for prospects in the post-recession lodging industry, although barely. Marriott's boss, J.W. Marriott says revenue per available room is expected to decline by 5 to 7 percent in the second quarter, consistent with earlier guidance, although "at the less favorable end of the range." Marriott says business travel is still soft, but the company anticipates strong leisure business this summer. To make sure Marriott gets its share of those leisure travelers, the hotel chain plans to announce new vacation rates in the coming weeks. Marriott says hotel margins remain strong and it expects second-quarter pre-tax earnings to meet its earlier forecasts.

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Additional Info

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  • 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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