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

Monday, 17 June 2002

West Regional Digest (6/18/02): Redmond, Wash., Complex to Hit Sales Market

Written by 
Rate this item
(0 votes)
June 18, 2002

Redmond complex to go on market
Seattle Post Intelligencer

REDMOND, Wash. – Hines Interest is selling a local office complex that is leased to Microsoft Corp. Cedar Court is a four-building property just west of Microsoft's main campus. Hines owns the complex in a partnership with other investors who want to liquidate a portion of their broader real estate holdings. The 428,000-square-foot property is reportedly worth about $250/sf, or $107 million. CB Richard Ellis is marketing the property.

Pasha Group plans 700-acre facility
Los Angeles Times

VICTORVILLE, Calif. – The Pasha Group plans to build a 700-acre distribution complex at the Southern California Logistics Airport. The facility at the former George Air Force base will handle storage, maintenance and repair of containers, chassis and other transport equipment, such as rail freight cars or locomotives. Pasha also plans to build warehousing and processing facilities for foreign auto manufacturers. The complex will be built over several years at a cost of $50 million.

$50Mln plan for shopping center in East San Jose unveiled
San Jose (Calif.) Mercury News

SAN JOSE, Calif. – The city has unveiled a $50 million vision for East San Jose's Tropicana Shopping Center and its surroundings, a venture that involves the city in the gritty work of acquiring land, knocking down buildings and temporarily relocating shops. The proposed investment would be among the largest subsidies the redevelopment agency has spent on a private development –and its first significant such effort outside of downtown. The city redevelopment agency, however, is pushing a grander vision: Retain the local merchants and Latino flavor that distinguish the Tropicana, but add more shopping options – a general store, a drug store and smaller stores – across the intersection of King and Story roads.

OneCap buys Pacific Harbors apartments

LAS VEGAS – OneCap Properties has purchased the Pacific Harbors at Stonegate apartment complex. OneCap acquired majority interest in the apartment property through a transfer of its land investment in Carlsbad, Calif., for Pacific Properties' interest in the single-asset limited liability company, which owns Pacific Harbors with a private investor. Pacific Harbors at Stonegate is in east Las Vegas at 2988 Juniper Hills Blvd. and consists of 208 units.

CarrAmerica signs 30,000-sf lease with Allstate Insurance in Woodland Hills, Calif.

WOODLAND HILLS, Calif. – CarrAmerica Realty Corp. has inked a lease with Allstate Insurance Co. for 30,000 sf of office space at its Warner Center Corporate Park. Allstate plans to occupy its new Warner Center Corporate Park office in September. CarrAmerica's Warner Center Corporate Park consists of 12 office buildings totaling 343,000 sf.

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


“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 527 times

Data Digest







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




cppichart FP



CMBS 2.0 Spreads


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





  • 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