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Thursday, 20 July 2000

Mid-Atlantic Regional Digest (7/21/00): Philadelphia vacancy rate lowest in 15 years

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July 21, 2000

Downtown market for office space is red-hot
The Philadelphia Inquirer, July 21

PHILADELPHIA –The vacancy rate in Philadelphia is the lowest in 15 years, according to the Grubb & Ellis Co. The vacancy rate for Class-A and Class-B office space between the rivers and South and Spring Garden streets fell in June to 7.8 percent, the lowest level since 1985, from 9.5 percent in December, the firm said. The bulk of the 674,000 square feet in new leases brings the total of leased space to 34.6 million sf in the last six months. If the current leasing pace continues, 2000 would be the second year in a row that more than 1 million sf of downtown office space have been signed to new leases.

First proposal made for area near PNC Park
Pittsburgh Post-Gazette, July 21

PITTSBURGH – Shadyside, Pa-based Walnut Capital Partners and Alco Parking Co. has proposed an office/restaurant and possible hotel project directly across General Robinson Street from the PNC Park. Alco now owns most of a four-acre site starting at the corner of General Robinson and Federal streets and going west to a new street to be called Avenue of the Pirates. If the proposal goes forward, Alco would acquire a small parcel on Federal now owned by the Sports & Exhibition Authority. Developers want to start construction by the time PNC Park opens in April. The exact cost of the Walnut Capital/Alco proposal couldn't be determined, but no public funds or tax increment financing plans are expected to be needed.


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Additional Info

  • Syndicate to Realpoint: No
  • 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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