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Sunday, 03 March 2002

West Regional Digest (3/4/02): Investor buys out partner's interests in 5 Hawaii properties valued a

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March 4, 2002

Investor buys out partner's interests in 5 Hawaii properties valued at $50Mln
Pacific Business News (Honolulu)

HONOLULU – Art Howard, a California-based real estate investor and chief executive of Hawaiian Asset Management and Investments Corp., this week completed the purchase of partner Art Condiotti's 50 percent interest in five Hawaii properties that have a combined value of more than $50 million. The move makes Howpac Pacific LLC, a company Howard formed to purchase the properties, sole owner of Windward City Shopping Center; Dillingham Plaza; Pali Palms Plaza; Waipahu Office Plaza; and several small parcels on Waiakamilo Road. Howard said he is assuming Condiotti's remaining mortgage of about $20 million on the leasehold properties. Mortgages are held through Central Pacific Bank and Merrill Lynch.


Multifamily project planned for Valencia, Calif.

VALENCIA, Calif. – The Patronis Group and Fairfield Residential are teaming to build a Class-A, 230 unit apartment complex in this master-planned community in Los Angeles County. Plans for the $37.8 million project call for 12 buildings and a clubhouse with a mix of one- and two-bedroom/ two bath units. The development is part of an upscale golf and residential subdivision called Westridge that will be built out over the next three years. In addition to Fairfield and Patronis, the investor group includes Creative Capital Management and PCG Greenstreet Real Estate Venture I LP, a joint venture between Greenstreet Partners and Pacific Capital Group.


$2Bln business park near Sacramento airport wins 50-year permit
Sacramento (Calif.) Bee, March 1

SACRAMENTO, Calif. – Construction could begin in July on Metro Air Park, a $2 billion mixed-use business park next to Sacramento International Airport that has been in the works for more than 20 years. Last week owners of the 1,892-acre park received a 50-year permit from the U.S. Fish and Wildlife Service. Now developers are eager to grab a piece of the project, which is designed for about 20 million sf of office, light industrial, retail and hotel development along with a championship golf course.


Logistics firm leases warehouse near Sacramento, Calif.
The Sacramento (Calif.) Bee, March 1

WOODLAND, Calif. – Bender Warehouse Co. Inc. has signed a five-year lease for 140,000 sf in a 265,000-sf Woodland warehouse near Interstate 5 and North County Road 101. The Reno-based logistics company will distribute Glidden paint products from the property. Panattoni Development Co. was represented in the lease negotiations by the Central Valley Industrial Group of Colliers International in Sacramento: Mark Demetre, Dave Leatherby, Bill Niethammer and Matt Lofrano. Rich Scherer of Colliers represented Bender.


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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