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Wednesday, 13 February 2002

West Regional Digest (2/14/02): San Francisco Investor Buys Park Office Tower

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February 14, 2002

San Francisco investors buy Park Office Tower

LONG BEACH, Calif. – The Park Office Tower, a 115,400-square-foot officer building at 5150 Pacific Coast Highway, was purchased for $14.5 million, or $126/sf. The seven-story building was sold by Southwest Value Partners to Ocean Beach Investors. Kevin Shannon of Grubb & Ellis, along with Robert Alperin, Robert Garey and Kim Wassick of Cushman & Wakefield represented the seller, while Jack Ruban of Southpark Group handled the buyer side of the negotiations.

Meridian Plaza gets big tenants; construction set to begin
Sacramento (Calif.) Bee

SACRAMENTO, Calif. – Two high-powered lobbying and law firms have signed leases for the first phase of Meridian Plaza, a 12-story complex across from Capitol Park. Those leases, along with some smaller signed deals and a couple that are nearly finalized, have allowed construction to begin at Meridian, on the corner of 14th and L streets. The Allen Group of Sacramento is developing the $45 million tower. Along with the office tower, the first phase of Meridian Plaza includes a six-story parking garage, at the southeast corner of 15th and K streets. The law firm of Nielsen, Merksamer, Parrinello, Mueller, & Naylor will be looking out over Capitol Park from the top floor. Another law firm, Kahn, Soares & Conway also signed on.

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Property Acquisitions (ACQ), West Regional Digest (WDIG)
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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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