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Thursday, 03 August 2000

West Regional Digest (08/04/00): Plan to limit amount of office development in San Francisco pushed

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August 4, 2000

Mayor Brown issues ballot plan for dot-com offices in San Francisco
The San Francisco Chronicle, August 4

SAN FRANCISCO – Mayor Willie Brown yesterday released a set of proposals for a November ballot measure to address the city's office-building boom. The proposals would keep the current limit of 950,000 sf of office space that can be built in the city each year and ensure that new dot-com office projects are counted under that limit. The issue has become controversial since multimedia firms recently been seeking to be classified as research and development outfits, or in some other category that would be exempt from the office cap. The San Jose Mercury News also reported on this story.


Lofty expectations for vacant tower in Denver
The Denver Post, August 4

DENVER – Developers Mike Roche and Sam Boyer say they are in the process of buying back a 50 percent interest in the old Security Life Building at 1616 Glenarm Place from Starwood Hotels and Resorts. The developers and Starwood were planning to convert the property into a hotel, but now Roche and Boyer want to renovate the building, the tallest in the Rocky Mountain region when it was built in 1964. The renovation would add 406,000 sf of office and retail space to downtown, which has a current office vacancy rate of less than 5 percent. Lease rates at the building will range from $20-$25/sf for office space and $25-$30/sf for retail space.


Goodwill property is no hand-me-down for developer
The Seattle Post-Intelligencer, August 4

SEATTLE – Under an agreement announced yesterday, Seattle Goodwill Industries will give Wright Runstad & Co. 3.3 acres, or about half the property it holds along Dearborn Street just to the west of Rainier Avenue, in exchange for an $8 million renovation of its offices, classrooms and retail store. The developer, which has been buying other tracts in the area, will use the properties to build four office buildings, three or four stories tall and ranging from 68,000 to 178,000 sf each, with underground parking. The developer has already begun marketing the proposed 554,000 sf of office space, which it hopes to have ready for occupancy in the fourth quarter of 2002.


Leases in 5 city office towers owned by CMD worth $15 Mln
The Denver Rocky Mountain News, August 4

DENVER – In the first six months of the year, CMD Realty Investors lined up tenants to take 154,456 sf in its five Denver office towers. Most of the leases were for five years and together they are worth about $15 million. The real estate investment company has another 88,000 sf in leases pending in the buildings, which together total 1.2 million sf.


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“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:

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: West Regional Digest (WDIG)
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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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