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Thursday, 27 June 2002

West Regional Digest (6/28/02): Equity Office to Sell West Coast Portfolio

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June 28, 2002

Equity Office to sell West Coast portfolio
Chicago Tribune
CHICAGO – Equity Office Properties Trust has agreed to sell a portfolio of West Coast industrial properties picked up as a part of last year's acquisition of Spieker Properties Inc., according to sources familiar with the transaction. AMB Property Corp., a San Francisco-based industrial REIT, is said to be buying the portfolio for more than $315 million. Representatives of Equity Office and AMB would not comment. The disposition of the Spieker industrial assets has been expected since Equity Office acquired the California-based office REIT last year.


In default, Seattle tower's owners seek deal with lender
Seattle Post Intelligencer

SEATTLE – The owner of a 13-story telecommunications building in downtown Seattle is attempting to work out a deal to keep the property after defaulting on a $25 million loan. A foreclosure sale that was scheduled to take place today has instead been pushed back three weeks to give the New York real estate partnership that owns the former US West Building at 1200 Third Ave. additional time to negotiate with its lender. The partnership, under the name Seattle Telecom LLC, bought the building from US West for $33.8 million in September 1999 and converted it into a private telecom facility. Demand for such space was significant at the time, but it has since dropped substantially.


Denver's vacancy nearly 19%
Denver Post

DENVER – The city's commercial real estate market remains weak, with nearly 19 percent of the office space empty or available for rent, according to a midyear report by Cushman & Wakefield. Vacancy rates in metro Denver's office buildings remain at decade-high levels, and tenants are getting rents as much as 35 percent below the asking price, continuing a trend that began last year as technology and telecommunications companies cut back on their space needs. At the end of 2001, vacancy stood at 17 percent, according to Cushman & Wakefield statistics.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: 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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