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Tuesday, 10 October 2000

West Regional Digest (10/11/00): Japanese owners putting Hawaiian hotels on the block

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October 11, 2000

Japanese owners putting Hawaiian hotels on the block
The Wall Street Journal, October 11

MAUI, Hawaii – Shimizu Construction Co. has retained Jones Lang LaSalle to sell the 380-room Four Seasons Resort on Maui, which is expected to trade for close to $200 million. And Shinwa Golf, owner of the Renaissance Wailea Beach Resort, is accepting offers for that 345-room property. Japanese hotel owners in Hawaii are taking advantage of high rates and low vacancies by putting their holdings on the block. Nissho Iwai Corp. just completed the sale of the 549-room Ritz-Carlton Kapalua to Marriott International for $143 million. The Japanese trading company couldn't attract a buyer when it put the property on the market two years ago. Now Marriott is paying about 25 percent more than what a buyer would have paid two years ago, said Timothy Haskin of Tishman Hotel Corp., Nissho Iwai's adviser on the deal.


Koll sells office building in Irvine for $48 Mln
The Los Angeles Times, October 11

IRVINE, Calif. – Koll Development Co. has sold the eight-story office tower at 1900 Main St. to Terrace Tower USA – the U.S. subsidiary of Terrace Tower, an Australian property trust company – for $48 million, or nearly $279/sf. The Newport Beach developer and NorthStar Capital, a New York real estate investment company, owned the 172,250-square-foot building. The tower's offices, which are more than 95 percent occupied, include law firms and California Bank and Trust. The building is part of a twin-tower project; the second tower, 1901 Main St., is expected to be completed in September 2001.


Office complex gets first tenant
The Sacramento Bee, October 11

SACRAMENTO, Calif. – Software development firm Ai Metrix has leased the first building in Investment Plaza, a new Class-A office complex that Sammy Cemo built in the El Dorado Hills Business Park. Ai Metrix is taking one of the two 68,000-sf buildings that the developer plans to have finished in May. Investment Plaza is designed for 272,000 sf, with four buildings of 68,000 sf each.


Sage group opens TownePlace Suites in 1947 building
The Denver Rocky Mountain News, October 11, 2000

DENVER – Sage Hospitality Resources is planning to develop a $10 million TownePlace Suites by Marriott hotel at 685 Speer Blvd., the site of Denver's first baseball field. The project calls for turning a portion of the landmark A.B. Hirschfeld Press building into the 123-room, extended-stay hotel.


Commercial Real Estate Direct provides links to full stories where available.


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  • 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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