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Tuesday, 16 April 2002

Mid-Atlantic Regional Digest (4/17/02): Marriott Faces Racketeering Suit

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April 17, 2002

Marriott faces racketeering suit
The Washington Post

BETHESDA, Md. – Marriott International Inc. is facing a civil lawsuit from one of its largest hotel owners, alleging that the management company engaged in racketeering. Details of the suit, filed last week in U.S. District Court in Delaware, are under seal because it contains details of the management contract between Marriott and the plaintiff, CTF Hotel Holdings Inc. (an affiliate of Hong Kong-based New World Development Co.), that are considered confidential, according to an attorney involved in the case who asked not to be identified. CTF, through its attorneys, said yesterday that it had no comment on the case. A spokesman at Marriott headquarters in Bethesda said the company was "reviewing it."


DC acquires 'affordable' Columbia Heights apartments
The Washington Business Journal

WASHINGTON – Washington Mayor Tony Williams will join a number of District officials Wednesday afternoon to announce the city's $49 million acquisition of a 406-unit apartment complex on 14th Street in the Columbia Heights section of Northwest Washington. The District's housing finance agency, Clark Realty Capital, CHV Tenants Association and Change All Souls are teaming to renovate the units in the complex, which includes seven townhouses, a 10-story high-rise and 23 garden-style units. All of the units are slated to "remain affordable" for low income residents who currently live in the units with the help of federal subsidies. The renovation is part of the housing agency's $62 million pledge to save more than 750 subsidized units along 14th Street.


Governor to announce new Target center
The Virginian-Pilot

SUFFOLK, Va. – Gov. Mark R. Warner is expected to be in Suffolk on Thursday to announce the construction of a $65 million Target distribution center that could bring hundreds of jobs that pay an average of $13.50 an hour.


Commercial Real Estate Direct provides links to full stories where available.


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“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:

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG), Property Acquisitions (ACQ)
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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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