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Sunday, 16 June 2002

West Regional Digest (6/17/02): Shadow Office Vacancies in Silicon Valley Could be 40%

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June 17, 2002

Industry news: Shadow office vacancies loom over Silicon Valley
San Francisco Business Times

SAN FRANCISCO – The vacancy rate in the Silicon Valley could be 40 percent, according to a report released last week by Merrill Lynch. Merrill's analysts surveyed shadow space, and they estimate that at least 25 percent of the space reported as occupied in Silicon Valley is actually not being used. The study included Santa Clara and portions of San Mateo County.


Pinnacle sells 60 acres in Inglewood, Calif., for $36Mln

INGLEWOOD, Calif. – Pinnacle Entertainment has agreed to sell 60 of the 97 acres it owns here to Rothbart Development Corp. for $36 million. The sale is expected to close in about 12 months. Rothbart expects to develop a retail center on the property.


Industry news: Esprit's campus in San Francisco available again
San Francisco Business Times

SAN FRANCISCO – Esprit de Corp's 900 Minnesota St. campus is back on the market after the Bay School dropped out of a potential $15 million deal. The Bay School had tied up the 107,118-square-foot campus near Mission Bay, but had to drop out because of financing issues relating to the extensive remodeling. The campus requires seismic upgrades that could cost up to $10 million on top of the purchase price.


Burnham Pacific closes on the sale of Inglewood, Calif., center

INGLEWOOD, Calif. – Burnham Pacific Properties has closed on the sale of the Crenshaw/Imperial Shopping Center, an about 158,000-sf retail center here. The property sold for roughly $9.8 million to a joint venture between ScanlanKemperBard Cos. and Praedium Group.


Longtime broker leaves Cushman, starts own firm
East Bay Business Times

SAN FRANCISCO – Whiff Collins, a 25-year veteran in the commercial real estate world, has left Cushman & Wakefield, where he spent the past 14 years, to start MCC Realty Group, along with Gary Guarisco and Fred Seely.


Former Rocklin, Calif., mall site sells
Sacramento (Calif.) Business Journal

ROCKLIN, Calif. – The 100 acres in Rocklin once planned for a regional mall are being bought by local developers who plan to fill half of the site with a large retail project and the rest with new houses. Sierra Holdings is buying the property from Urban Retail Properties Co. Neither party has disclosed the sale price. A decade ago, Urban Retail Properties, then called JMB Realty, tried to turn the site at Interstate 80 and Sierra College Boulevard into a 1 million-sf mall.


Eastgroup buys Tempe, Ariz., industrial park for $4Mln

TEMPE, Ariz. – Eastgroup Properties has bought the Broadway Industrial Park, a 79,361-sf industrial and warehouse facility from the Rreef Fund, for nearly $4 million. CB Richard Ellis has negotiated the sale. Broadway Industrial Park, at 808-820 and 441 W. Geneva Drive, was built between 1979 and 1980. The buildings were 100 percent occupied at the time of sale with tenants such as Albuquerque Chemical and VTS Transportation.


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


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“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)
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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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