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

Tuesday, 21 May 2002

West Regional Digest (5/22/02): Investors Buys Sacramento Office Park for $18.5Mln

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May 22, 2002

Investor buys Sacramento office park for $18.5Mln
Sacramento (Calif.) Bee

SACRAMENTO, Calif. – Investor Gus Gianulias and his family have purchased five buildings and some vacant land just across the American River from California State University Sacramento. A partnership including Gianulias, sons Jon and Chris, and Gus' brother, Andy, bought the University Office Park at Howe Avenue and Fair Oaks Boulevard in the Campus Commons area from AMG Realty, an investment partnership based in New York. The price was not revealed. But the park was offered for $18.5 million. The fully leased park includes about 97,000 square feet, and tenants include Bank of America and Wells Fargo Bank.


Seattle mall to expand
Seattle Post Intelligencer

SEATTLE – Details of a plan that would increase the size of Alderwood Mall by 50 percent, and the names of new tenants expected to move into the bigger shopping center, are expected to be announced today. The expansion plan, which will increase square footage at the 23-year-old mall from 1 million to 1.5 million, was given state approval under the Environmental Policy Act on May 1. Once the expansion is complete, which is expected to take about five years, it would tie Westfield Shoppingtown Southcenter as the biggest mall in Washington.


Tanger sells outparcel in Barstow, Calif., for a Holiday Inn

BARSTOW, Calif. – Tanger Factory Outlet Centers has completed the sale of three acres at the Tanger Outlet Center. The site will be the location of a 110-room Holiday Inn Express Hotel and Suites, set to open in spring 2003.


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


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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:

  • Breaking mortgage, CMBS, and REIT news

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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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