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

Thursday, 31 January 2002

West Regional Digest (2/1/02): $300Mln Multifamily Project in Wash. Nixed

Written by 
Rate this item
(0 votes)
February 1, 2002

$300Mln multifamily project in Wash. called off
Seattle Times

LAKE WASHINGTON, Wash. – For the second time in less than two months, plans for a major commercial development on the shores of Lake Washington have been called off. In early December, Paul Allen's development company, Vulcan, broke off talks with the owner of an old lumber mill in Renton. Vulcan wanted to buy a 20-acre site on the south end of the lake and turn it into an office-condo-hotel complex. Now, at the north end of the lake in Kenmore, the 45-acre LakePointe project has been put on hold after one of the two developers bowed out, mainly because of the economic downturn the country is facing. The project was to include: 1,200 condo and apartment units; 630,000 square feet of office, commercial and retail space; movie theaters; and a 52-slip marina on the site of an old sand-and-gravel pit. The project was expected to cost $300 million to $500 million.


Law firm leases space in Santa Monica, Calif.

SANTA MONICA, Calif. – Law firm Alschuler Grossman Stein & Kahan LLP has signed a 10-year sub-lease for 85,000 sf with Turner Broadcasting for the Water Garden complex.


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


weekly-call-to-action

“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
  • Subject: West Regional Digest (WDIG)
Read 345 times

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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

 

 

 

REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
warehouse-backstage