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

Sunday, 04 June 2000

West Regional Digest (6/5/00): KLA/Tencor buys land for new campus

Written by 
Rate this item
(0 votes)
June 5, 2000

Industry news: German investors pop up again in S.F
The San Francisco Business Times, June 5

SAN FRANCISCO – Atlanta-based TMW Real Estate Group LLC, an investment adviser to mostly German institutional funds, has bought 100 First St. for about $135 million, or about $300 per square foot. Included in the deal for the 451,000-sf office building at the corner of First and Mission streets was a 200-stall parking structure. Delta Dental insurance company occupies half of the building and will remain a tenant on a 15-year lease. The building's other major tenant is Young & Rubicam.


Industry news: KLA/Tencor buys land for new campus
The Business Journal of San Jose, June 5

SAN JOSE, Calif. – KLA/Tencor Corp. has agreed to buy 43 acres in Shea Business Park in Livermore to build a new campus. The San Jose semiconductor equipment manufacturer plans to start construction this summer on two 120,000-sf buildings for customer service and manufacturing. The first structure is slated for completion by the end of June 2001.


Warehouses fuel hot Oakland market
East Bay Business Times, June 5

SAN FRANCISCO – Real estate investors scoffed when Francis Rush purchased a warehouse in West Oakland in December 1998 for $1.5 million and then spent another $1.5 million converting the 62,850-sf building to rental lofts. But now prices for industrial warehouses in Oakland have jumped from a range of $15 to $35 per sf six months ago to today's price range of $20 to $60 per sf. At least 750,000 sf of space is under negotiations or set to close shortly, according to Cushman & Wakefield Inc.'s Oakland office.


City to sublease part of former Marine base
The Los Angeles Times, June 5

LOS ANGELES – The U.S. Navy has approved the city's sublease of 250 acres on the former Marine Corps Air Station to a handful of public agencies. The city, which has been working toward acquiring the 1,585-acre property since helicopters were removed from the base in 1997, will be able to lease the parcel by June 12. The city council will have to vote in the next stage of the deal. Private development of the remaining acreage would include 9.2 million sf of commercial and industrial space, 4,600 homes, and a public golf course.


Grand Ronde Tribe sinking dollars into Pearl loft project
The Business Journal of Portland, June 5

PORTLAND, Ore. – The Grand Ronde Tribe has teamed with local developer John Carroll for a $37 million mixed-use loft project between Northwest Glisan and Flanders streets on 10th Avenue in the Pearl District. The Gregory, which is slated for completion in April 2001, will feature multifamily rental units, office space and street-front retail space.


Bellevue's changing skyline
Eastside Business Journal (Seattle), June 5

BELLEVUE, Wash. – Seven developers want to bring nine new projects totaling more than 3.62 million sf of mid-rise and high-rise office space to the downtown core. They are rushing to get their projects under way while demand is still strong.


Industry news: Seattle's targeted genetics eyeing Canyon Park East
Eastside Business Journal (Seattle), June 5

SEATTLE – Targeted Genetics Corp. is reportedly looking to lease the University of Washington Bothell branch's offices and labs in CarrAmerica Realty Corp.'s Canyon Park East. The company plans to sublease half of that back to another tenant until it can grow into the entire 78,000-sf building. The UW branch plans to move into a new building in August.


Industry news: Unico to buy tower
The Business Journal of Portland, June 5

PORTLAND, Ore. – Unico Properties has contracted to buy U.S. Bank's headquarters here, though the bank will still occupy about 40 percent of the tower.


Industry news: Seattle office rents to rise 6-plus percent
The Puget Sound Business Journal (Seattle), June 5

SEATTLE – Commercial rents in Seattle will likely rise 6 percent to 8 percent over last year's rates, according to the "Tenants Guide to North American Markets 2000," a publication of Dallas-based Corporate Real Estate Service Advisors. Class-A office rental rates in the city's downtown ranged from $29 to $45 per sf last year, well above the 1997 rate of $22 to $36 per sf.

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


weekly-call-to-action

“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 709 times

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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

 

 

 

REITCafe

  • 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
warehouse-backstage