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Tuesday, 05 February 2002

West Regional Digest (2/6/02): JMI Rethinking $164.5Mln Hotel/Condo Project in San Diego

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February 6, 2002

JMI resuscitates $164.5Mln hotel/condo project in San Diego
San Diego Union Tribune

SAN DIEGO – JMI Realty plans to resuscitate a $164.5 million hotel and condo project in the Padres ballpark redevelopment area. Omni Hotels has agreed to become a partner in the East Village hotel. Omni will operate the hotel and provide $26 million in equity. But Omni's participation is contingent on the city of San Diego's issuance of bonds to restart construction of the long-stalled ballpark, which has a price tag of $450 million. The hotel, to be built near the intersection of Sixth Avenue and L Street, is to rise 32 stories and contain 512 rooms. The top 11 floors are to contain 37 luxury condominiums – each with a planned sale price in excess of $1 million. A bridge will connect the hotel to the Padres' new ballpark.


$25Mln townhouse project planned for Westminster, Colo.
Denver Rocky Mountain News

DENVER – A sluggish economy isn't keeping a local development team from building a $25 million townhome project in the Ranch housing community in Westminster. The Ranch Creek Villas at W. 120th Ave. and Federal Boulevard will include 136 units priced from $165,000 to $200,000. The partnership includes principals from the Vintage Marketing Group and Loup Development. Loup was the original developer of the Ranch about 30 years ago, before it was sold to Phil Winn and Jim Nicholson in the early 1980s. The site is about a 10-minute drive from the Interlocken Business Park in Broomfield.


A&B begins construction of $47Mln townhouse project in Hawaii

KO OLINA, Hawaii – Armstrong Kai Lani Corp. and A&B Properties have begun construction on a $47 million, 116-unit townhouse condo project, called Kai Lani at Ko Olina. Construction, which is planned for three phases, will be completed in three years.


Principal Commercial provides $15.5Mln for Tempe, Ariz., office center

TEMPE, Ariz. – Principal Commercial Funding has provided $15.5 million for the Elliot Corporate Center, a two-story, multitenant office facility totaling 222,5000 square foot. L.J. Melody arranged the funding on behalf of Crown-Phoenix LLC.


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


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  • 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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