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Sunday, 16 July 2000

Mid-Atlantic Regional Digest (7/17/00): Rubinoff Co. to build business park in Lawrenceville, Pa.

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July 17, 2000



Rubinoff buys West Penn Hospital land to build business park
Pittsburgh Business Times, July 17

LAWRENCEVILLE, Pa. – The Rubinoff Co. plans to build two office buildings totaling 100,000 square feet on a nine-acre tract it acquired from West Penn Hospital. Construction of the two buildings, which will cost about $5 million, at the 51st Street site is expected to begin by fall and be completed by the first quarter.


Industry news: Terminal renews its least at Point Breeze
Baltimore Business Journal, July 17

DUNDALK, Md. – The Terminal Corp. has renewed its lease for 162,925 sf of industrial space at the Point Breeze Business Center, 2300 Broening Highway. Trammell Crow Co. represented the landlord, CIGNA Investments Inc.


Miami company will add 90 jobs in Arundel
Baltimore Business Journal, July 17

BALTIMORE – Ryder System Inc., the Miami-based logistics and transportation management company, has signed a five-year lease for 104,000 sf at the Arundel Crossing business park. CB Richard Ellis represented the landlord, Opus East, in the deal valued at about $2 million. The 156,000-sf building is scheduled for completion in October. More than 50,000 sf of space remains available.


Industry news: Wal-Mart acquires 14-acre parcel
Baltimore Business Journal, July 17


MOUNT AIRY, Md. – Wal-Mart has finalized its purchase of a 14-acre parcel of land that is part of the Mount Airy Shopping Center on Ridgeville Boulevard. The plans for the tract include a 103,006-sf store.


Marconi seeking interim office space
Pittsburgh Business Times, July 17

MARSHALL TWP., Pa. – Marconi Communications is searching for 60,000 sf of existing space for immediate occupancy while it constructs two buildings at its Marshall Township office campus. With the new buildings, Marconi is expected to have six buildings totaling 665,000 sf at its North Hills location in the next two years. Work on the first 112,000-sf structure is set to begin at the end of September. Construction of the second 93,000-sf building and attached parking garage is scheduled to begin in November.


Intermedia adds to Maryland's tech miniboom
Washington Business Journal, July 17

ROCKVILLE, Md. – A number of high-tech companies are opting to stay in Maryland rather than cross the river into Washington or Virginia. OTG Software signed a 10-year lease for 93,735 sf at the Preserve at Tower Oaks. TTC, a home-grown telecommunications company, is getting a corporate campus in Germantown. And now there is news that Intermedia Communications is leasing just over 112,000 sf in Greenbelt.


Industry news: Cal Ripken Jr. and partner sign lease at W. Pratt St.
Baltimore Business Journal, July 17

BALTIMORE – Cal Ripken Jr. and his business manager Ira Rainess have signed a lease for 3,000 sf from law firm Semmes, Bowen and Semmes on the ninth floor of 250 W. Pratt St. Ripken, Rainess and Ron Shapiro, Ripken's agent, will use the space for a new venture they are forming.


Industry news: City tops in vacant space
Baltimore Business Journal, July 17

BALTIMORE – According to an office review by ONCOR International, Baltimore has the highest total office market vacancy rate in the country. The city's vacancy rate leveled out at 17.99 percent after the first two quarters. Baltimore's vacancy is not far off from Milwaukee, which has a 17 percent rate and Dallas/Ft. Worth, which reports a 16.99 percent rate. Neighboring Washington, D.C., also ranked on the 10 lowest total market vacancy rates, according to ONCOR.




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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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