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

Monday, 24 June 2002

West Regional Digest (6/25/02): Maytag, Steelcase Sign Leases in LA

Written by 
Rate this item
(0 votes)
June 25, 2002

Maytag, Steelcase sign leases in LA
Los Angeles times

LOS ANGELES – Home appliance manufacturer Maytag Corp. has signed a five-year lease for about $7 million for 455,000 square feet at the Mira Loma Space Center. The build-to-suit project is at Hopkins Street and Etiwanda Avenue. Walt Chenoweth, Frank Geraci and Dan De La Paz of CB Richard Ellis represented Maytag. The landlord, Minneapolis-based Space Center, was represented by Jay Dick. The same CB Richard Ellis brokers, along with Tom West, also arranged a 449,000-sf lease of manufacturing and distribution space for Steelcase Inc. at 228 Mayo Ave. in City of Industry. The lease with landlord Majestic Realty Co. is valued at about $17 million.

Lehman provides $10.5Mln for 2 office buildings in Calif.

LONG BEACH, Calif. – Lehman Brothers has provided nearly $5 million for an office building at 115 Pine Ave. The L'Opera building is a six-story office tower containing 65,468 sf. The building was built in 1906, renovated in 1989, and is designated a historical landmark. The property is 93 percent occupied. Lehman also provided $5.5 million for an office building at 3808 Riverside Drive in Burbank. The Toluca Lake Center office building is a five-story office tower plus penthouse containing 42,340 sf. The building was built in 1964. The property is 97 percent occupied and includes 119 parking spaces. Richard F. Scandaliato, senior vice president/senior director in NorthMarq Capital's Los Angeles office, arranged the financings.

Lehman provides $5.5Mln for Long Beach, Calif., property

LONG BEACH, – Lehman Brothers has provided more than $5.5 million for an office building at 200 Pine Ave. The six-story City Centre contains 68,262 sf. The building was built in the 1930s and renovated in 1963 and 1994. The property is 91 percent occupied. The property also includes a five-level parking structure including 123 parking spaces. Richard F. Scandaliato, senior vice president/senior director in NorthMarq's Los Angeles office arranged the financing.

JP Morgan provides $3.3Mln for Calif. office building

NEWPORT BEACH, Calif. – J.P. Morgan has provided $3.3 million an office building at 4220 Von Karman Ave. Michael T. Elmore, senior vice president in NorthMarq's Los Angeles office, arranged the financing. The property is a two-story, 27,951-sf office building in the Koll Center. The building is 100 percent leased to three tenants.

Kilroy begins construction on AMN HQ in Del Mar, Calif.

DEL MAR, Calif. – Kilroy Realty Corp. has begun construction on the new headquarters for AMN Healthcare Services at 12400 High Bluff Drive. AMN is set to occupy 175,000 sf of the 210,000-sf Class-A office building in August 2003.

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: West Regional Digest (WDIG)
Read 553 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