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Sunday, 07 April 2002

Mid-Atlantic Regional Digest (4/8/02): Retailing Real Estate Firm Plans DC Move

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April 8, 2002

Retailing real estate firm plans DC move
The Washington Post

WASHINGTON – A national retail real estate firm plans to move its corporate headquarters to the District as early as June in a bid to cultivate development and management opportunities in the mid-Atlantic region. Madison Marquette, based in Cincinnati and Minneapolis, plans to move about 40 executives and other employees into 1850 M St. N.W. The company has about 500 workers in sales offices nationwide.

Winstar disconnects Herndon, Va., space
The Washington Business Journal

HERNDON, Va. – They were the first to move in and they are, at last, moving out. Winstar is planning to leave 108,000 square feet of office space in South Point I, the first of three buildings owned by Tishman Speyer Properties and pre-leased to the telecom company, which is in bankruptcy. Tishman Speyer will take back the fully furnished space on four floors starting June 1. Winstar will continue to lease two floors in the six-story building for no more than 18 months. The firm preleased and occupied South Point I and South Point II in 1999. The company also preleased Waterview I, which delivered in 2001, and planned to expand further. But in April 2001, Winstar filed for Chapter 11 bankruptcy protection, and canceled various leases, including those at South Point II and Waterview.

Hotel tax increase may play role in National Harbor plan
The Washington Business Journal

FORT WASHINGTON, Va. – Prince George's County officials want to amend the Maryland tax code to allow the county's tax on hotel rooms to fund public improvements at National Harbor. A bill to create a special tax increment financing district encompassing the $1.5 billion hospitality project in Fort Washington was introduced March 30 in the General Assembly. The move would allow Prince George's to increase the tax charged on hotel rooms within National Harbor to foot the bill for public improvements, infrastructure and development of a conference center in the 540-acre project. Plans for National Harbor call for hotel and office properties, a conference center, and retail and entertainment venues. The project is being developed by Fairfax-based The Peterson Cos.

DC lawyers feel pinch from lack of space
The Washington Business Journal

WASHINGTON – D.C. law firms and government agencies are getting pinched, according to a recent report from Spaulding & Slye. According to the report, viable blocks of space greater than 100,000 sf in the District are virtually nonexistent, particularly in the central business district and East End. Close-in sections of Virginia have proved a logical option for government agencies, but they don't require nearby white tablecloth restaurants and constant cab access the way D.C. law firms might. Law firms have been hesitant to move out of the District and into the suburbs thus far. According to the Spaulding & Slye report, in the close of the fourth quarter there were only six blocks of space greater than 100,000 square feet available for immediate occupancy in the central business district and the East End.

City architecture firm moving to new tower
The Baltimore Business Journal

BALTIMORE – Architecture firm Hord Coplan Macht is expected to leave its headquarters in the Candler Building on downtown's Market Place. But the firm won't go far. Hord Coplan Macht has signed a lease for 12,000 sf at 750 E. Pratt St., the city's first new downtown office building in more than a decade, according to real estate sources familiar with the deal. The firm will be the second major tenant to commit to the new Class-A office tower, which is expected to be completed by August.

Berwind Property will sell Montco building
The Philadelphia Business Journal

PHILADELPHIA – Nearly two years ago, Berwind Property Group Inc. bought a 110,000-sf building at 2750 Monroe Blvd. in Lower Providence, Montgomery County, for about $7.5 million. Now, the private Philadelphia real estate company has put the property up for sale for an estimated $20 million-plus. Berwind Property acquired the building in the Valley Forge Corporate Center from Leucadia National Corp., a company that has interests in a variety of businesses, including insurance, banking, manufacturing, real estate and mining. Berwind Property bought the property for an affiliate, said Art Pasquarella, chief operating officer at the real estate company. The affiliate decided, after some plans had changed, that the site didn't meet its needs.

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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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