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Monday, 11 March 2002

West Regional Digest (3/12/02): Israeli Group Buys Calif. Data Center for More Than $43Mln

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March 12, 2002


Israeli group buys Calif. building for plus $43Mln
Los Angeles Times

HAWTHORNE, Calif. – Red Sea, an Israeli real estate firm, has purchased a 288,000-square-foot data center leased to AT&T Corp. The company is believed to have paid more than $43 million for the former Northrop Grumman Corp. facility built in 1963 at 2301 W. 120th St. Red Sea bought the property from Seattle's Sabey Corp. Meanwhile, Red Sea has engaged an agent to sell its Bourbon Street Hotel & Casino in Las Vegas.


Phoenix office complex fetches $29Mln
The Business Journal Phoenix, February 6

PHOENIX – The Anasazi Plaza I and II office buildings at 11201 and 11209 N. Tatum Blvd. in north Phoenix have sold for $29.25 million, or $142/sf. The Los Angeles Fire and Police Department Pension Fund, advised by Lowe Enterprises, sold the 206,149-sf complex to HRPT Properties Trust of Boston. Anasazi Plaza I, built in 1986, has 96,188 sf, while Plaza II was built in 1999 and has 109,961 sf. They are 94 percent occupied. Insignia/ESG brokered the sale.


Condo project set for Denver's Golden Triangle area"
Denver Post

DENVER – Barry Hirschfeld and Jim Johnson plans to build a 17-story, 46-unit condo tower at 1212 Delaware St. Condos at the Argyle will start at about $350,000. Construction should begin as early as this summer and should take about 18 months. Each condo will be a 1,328-sf corner unit, and buyers will have the option of purchasing more than one unit to create a larger living space. The Argyle will feature two town home-style units on the ground floor. The rest of the units will be on the sixth floor and higher. A small lobby, storage units and roughly 92 parking spaces will occupy the remainder of the first five floors.


LA schools completes $14.1Mln lease transaction
Los Angeles Times

LOS ANGELES – The Los Angeles unified school district has completed three office lease transactions valued at $14.1million. The leases include offices in the City of Commerce and the Media Tech Center north of downtown Los Angeles, along with the extension of a lease at a downtown high-rise. The largest of the three involves the relocation of the district's transportation branch from a site near downtown to about 35,000 sf at the new Media Tech Center, east of the interchange of the Golden State and Glendale freeways.




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“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: Property Acquisitions (ACQ), 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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