Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Tuesday, 21 May 2002

Mid-Atlantic Digest (5/22/02): Westminster, Md., Building Fees May Increase

Written by 
Rate this item
(0 votes)
May 22, 2002

Building fees could increase by $1,000
The Baltimore Sun

WESTMINSTER, Md. – To keep pace with the cost of providing city services to a growing population, officials have proposed increasing by $1,000 the Special Capital Benefit Assessment on commercial development up to 5,000 square feet. Structures larger than 5,000 square feet would pay 32 cents/sf to 42 cents/sf, depending on overall size.


Baltimore chooses developer for west-side site
The Baltimore Sun

BALTIMORE – A Baltimore developer has won the right to build an upscale apartment tower on choice city-owned land near Camden Yards stadium. The Zenith would rise about 20 stories at Pratt and Paca streets, offering residents sweeping views of the city and altering the downtown skyline from the south.


United Dominion buys Alexandria, Va., apartments
The Washington Business Journal

ALEXANDRIA, Va. – United Dominion Realty Trust has acquired the Presidential Greens Apartments. The purchase price was $30.2 million. United Dominion Realty will assume $20.3 million in existing debt. The Presidential Greens, a 397-unit complex on Executive Avenue just off Mount Vernon Avenue, was built in 1938.


weekly-call-to-action

“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), Property Acquisitions (ACQ)
Read 467 times

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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

  • Challenging Retail Environment Weights on REITs
    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
warehouse-backstage