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Monday, 10 June 2002

West Regional Digest (6/11/02): Macerich Buys Thousand Oaks Retail Center in Calif. for $150Mln

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June 11, 2002

Macerich buys Thousand Oaks retail center
Los Angeles Times

THOUSAND OAKS, Calif. – Shopping mall owner Macerich Co. also will expand its holdings in Ventura County with the purchase of The Oaks shopping center. The REIT will pay about $150 million for the popular1 million-square-foot Conejo Valley property. Macerich already owns Pacific View, the largest mall in Ventura County. The Oaks includes a Robinsons-May at each end of the mall along with Macy's, a Macy's Men's & Home Store and a J.C. Penney. The mall is being purchased from the California State Teachers Retirement System pension fund. The Oaks generates an average of $437 in sales/sf. CalSTRS and minority partner Trizec Properties Inc. purchased The Oaks in 1991, reportedly for about $94 million.


Bill Flaherty to return to Maguire Partners

DALLAS – Bill Flaherty is returning to Maguire Partners, where from 1991 to 1998 he was responsible for leasing and marketing of Solana – the firm's 900-acre 2 million-sf mixed-used corporate campus that is east of the Dallas-Fort Worth airport. Prior to re-joining Maguire Partners, Flaherty served as senior vice president for Hillwood Development, where he had leasing and marketing responsibility for the firm's 72-acre Victory development in downtown Dallas.


EastGroup Properties buys 2 industrial sites in Tempe, Ariz.

TEMPE, Ariz. – EastGroup Properties has purchased two industrial distribution properties for roughly $4 million. The properties, which are identified as Broadway Industrial Park V and VI, together contain 79,000 sf and were built in 1979 and 1980. They are 100 percent leased to three tenants.


Investors buy Phoenix apartments

PHOENIX – Investors Peter Fooshe III and Peter Fooshe Jr. have purchased the 103-unit Pinchot Suites apartment complex here for $2.4 million from Desert Hotel Holdings-Michael Greenwald. The property is at 3211 E. Pinchot Ave., and was built in 1972. CB Richard Ellis' Phoenix office arranged the transaction.


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


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  • 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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