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

Wednesday, 15 May 2002

West Regional Digest (5/16/02): MegaStar to Build $16Mln Theater in Altamonte Springs, Calif.

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May 16, 2002

MegaStar to build $16Mln theater at Altamonte Town Center

ALTAMONTE SPRINGS, Calif. – MegaStar Cinemas has agreed to build a 16-screen, 3,800-seat multiplex theater as part of the 800,000-square-foot, $150 million Altamonte Town Center, a master planned mixed-use retail/entertainment development. The estimated $16 million theater will be the first in the area to offer VIP Suites.


CarrAmerica buys La Jolla, Calif., office building

LA JOLLA, Calif. – CarrAmerica Realty Corp. has purchased a 77,000-sf building that is 100 percent leased to Chase Manhattan Mortgage Corp. The building is in the center of Torrey Pines, which has become a biomedical research area. Referred to as the Chase Manhattan Mortgage Building, the property is at 11119 North Torrey Pines Road and is adjacent to walking trails, the Hilton La Jolla Torrey Pines and Torrey Pines Golf Course. Terms were not disclosed.


Bedford sells Scottsdale, Ariz., property for $7.8Mln

SCOTTSDALE, Ariz. – Bedford Property Investors has sold the 94,800-sf Cimarron Industrial Park for about $7.8 million, or $82,65/sf. The property is 86 percent leased by 21 tenants.


Jones Lang LaSalle awarded leasing and management at Mall of Orange

ORANGE, Calif. – Jones Lang LaSalle has been awarded the leasing and management of Mall of Orange, on behalf of owners Rawson, Blum & Leon. The San Francisco-based retail developer, Rawson, Blum & Leon, purchased the property along with its majority investor, Buchanan Urban Investors. The 822,350-sf mall is at 2298 N. Orange Mall. Mall of Orange contains 90 stores and includes anchors Sears, J.C. Penney and Wal Mart.


Wal-Mart to open 40 supercenters in Calif. over next 4 to 6 years
San Diego Union Tribune

SAN DIEGO – Wal-Mart will open 40 of its hybrid discount Supercenters in California in the next four to six years, making potential competitors shudder. The world's largest retailer – which operates 1,113 Supercenters in 44 states – did not divulge how many of the sprawling outlets it plans for San Diego County. Retail analysts said that up to five Supercenters could be built in the region.


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


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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

 

 

 

REITCafe

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