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

Thursday, 14 March 2002

West Regional Digest (3/15/02): Casino Operator Bids $350Mln for Vegas Resort

Written by 
Rate this item
(0 votes)
March 15, 2002

Casino operator bids $350Mln for Vegas resort
Las Vegas Review-Journal

LAS VEGAS – Colony Capital this week made a lowball bid of about $350 million for the bankrupt Aladdin. Aladdin Gaming has hired KPMG financial adviser Jeff Truitt to circulate detailed information to potential buyers about the megaresort's income statements and daily operating results. The 19-month-old property has been operating under Chapter 11 bankruptcy protection since September. The $1 billion Aladdin has struggled since emerging from the rubble of the 31-year-old gaming complex of the same name, which was leveled in 1998. No timetable has been set for an Aladdin sale, but an April 2 court hearing has been scheduled to consider a sale process proposal to U.S. Bankruptcy Court.

Shilo Inns takes 4 properties into Chapter 11
The Business Journal of Portland

PORTLAND, Ore. – Shilo Inns has started filing for Chapter 11 reorganization for individual hotels it owns. The Portland-based hotel operator submitted voluntary petitions for reorganization to the U.S. Bankruptcy Court in Portland for four hotels in Salt Lake City and in the California towns of Delano, Oakhurst and Pomona. Shilo has 47 hotels, each of which is run as a limited liability corporation.

Sacramento's planned Metro Air Park takes step closer to reality
The Sacramento (Calif.) Bee

SACRAMENTO, Calif. – Metro Air Park, a $2 billion project planned next to Sacramento International Airport, received a long-awaited wildlife protection and mitigation permit from the state Department of Fish & Game on Wednesday. The permit clears the way for construction at the 1,892-acre park. The first buildings are scheduled to be under way early next year at the property, which is designed for about 20 million square feet of office, light industrial, retail and hotel development along with a championship golf course.


“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 586 times

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





  • 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