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Thursday, 21 October 2010

Chicago Development Site Could Fetch $30Mln

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Crain's Chicago Business

A joint venture that includes Forest City Enterprises of Cleveland is offering for a sale a two-acre development tract in Chicago that had been approved for a 70-story tower. Forest City and Fogelson Properties Inc. of Chicago have tapped Jones Lang LaSalle to market the parcel, at South Michigan Avenue and East Roosevelt Road. It could command as much as $30 million.

The property being offered is part of the 23-acre Gateway site that had been slated for a massive mixed-use development. The parcel can hold 1,200 residential units, 1,500 hotel rooms or 325,000 square feet of office or retail space.



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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Chicago
  • States: Illinois
  • Sector: Mixed-Use
  • Subject: Development/Construction (DEV), Midwest Regional Digest (MWDIG), Property Offerings (OFF)
  • Deal Name: Bear Stearns Commercial Mortgage Securities Trust, 2006-PWR12
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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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