Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Tuesday, 10 September 2019

DWS Buys L.A. Apartments for $103Mln

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The Real Deal

DWS Group has purchased the 166-unit Domain WeHo apartments in the West Hollywood section of Los Angeles for $103 million, or $620,481/unit. The firm, a subsidiary of Deutsche Asset & Wealth Management, bought the property from Barings LLC. The six-story complex was developed in 2017 by Trammell Crow Residential, which had bought the land on which it sits in 2013 for $13.6 million.

Domain WeHo has studio, one- and two-bedroom units, with amenities that include a swimming pool and spa, fitness center and an outdoor kitchen.

The Real Deal

A venture of CIM Group and LIVWRK has secured $335 million of financing against the Panorama mixed-use development in Brooklyn, N.Y. A group of banks led by JPMorgan Chase provided the financing, which allowed the venture to retire a $375 million loan from three years ago.

CIM Group, LIWRK and Kushner Cos. bought the site on which the property sits, at 25 Columbia Heights, in 2016 when it was known as the Watchtower building. Kushner


sold its stake in the development last year.

CIM and LIVWRK are investing $80 million to renovate the property, which will have 635,000 square feet of offices, 35,000 sf of retail space and a hotel component.


“The Weekly”

“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:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: Los Angeles
  • States: California
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ), West Regional Digest (WDIG)
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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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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