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

Friday, 04 August 2017

REIT Offers for Sale Schaumburg, Ill., Office Buildings

The former Zurich Towers office complex in suburban Chicago is being brought to the sales market. Retail Properties of America Inc., its owner, hopes to sell the property, now known as the Schaumburg Towers, by the end of the year. CBRE has been hired to market the property for sale.

Commercial Real Estate Direct Staff Report

The former Zurich Towers office complex in suburban Chicago is being brought to the sales market by its owner, Retail Properties of America Inc., which hopes to sell it by the end of the year.

It's hired CBRE to market the property for sale.

The 895,000-square-foot complex, now known as Schaumburg Towers, is 60 percent occupied and was carried on Retail Properties' balance sheet at a value of $145.4 million.

The Oak Brook, Ill., REIT had purchased the two-building property, at 1400 and 1450 East American Lane, in 2004 for $138...





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  • 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“

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

REITCafe

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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
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