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

Sunday, 12 May 2002

West Regional Digest (5/13/02): Jeld-Wen Holds on to MountainStar Project

Written by 
Rate this item
(0 votes)
May 13, 2002

Jeld-Wen holds on to big MountainStar project
Puget Sound Business Journal (Seattle)

SEATTLE – Trendwest Resorts Inc. has sold its big MountainStar development project back to Jeld-Wen Inc. for $76 million in stock and debt prior to the Redmond company's recent acquisition by Cendant Corp. The 6,225-acre MountainStar project near Roslyn, along the Cle Elum River in Kittitas County, was removed from the Cendant deal through a separate transaction completed just before Trendwest's purchase was finalized April 30. The project was essentially kept by Jeld-Wen, the Oregon-based window and door maker that sold its 81 percent stake in Trendwest to Cendant.


AT&T, Prudential race to sell their South of the Market parcels
San Francisco Business Times

SAN FRANCISCO – AT&T has put a vacant South of the Market parcel on the market for $12.7 million. Prudential Insurance Co. is getting ready to put Kent Swig's foreclosed property at Second and Natoma streets on the sale block. AT&T hopes to get the jump by putting its parcel, which is roughly the same size and nearby at 631 Folsom St., up for sale first. Ron Kilby at CB Richard Ellis has picked up the listing for the 33,000-sf site, now a parking lot


Wareham unloads Berkeley property for $8.6Mln
San Francisco Business Times

BERKELEY, Calif. – Wareham Development has sold Constitution Square downtown for $8.6 million. A private venture group purchased the site. The 32,450-sf building is on Shattuck Avenue.


weekly-call-to-action

“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: Property Acquisitions (ACQ), West Regional Digest (WDIG)
Read 377 times

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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

 

 

 

REITCafe

  • 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
warehouse-backstage