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Wednesday, 20 March 2002

Mid-Atlantic Digest (3/21/02): Tax Credit Seeks to Draw $$ to Distressed Baltimore Areas

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March 21, 2002

New Markets Tax Credit aims to draw money to distressed areas
The Baltimore Sun

BALTIMORE – A new initiative to spur investment in low-income areas is about to come on line, just as city officials and developers have been scrambling to prevent sharp limits in the state historic tax credit program that has so benefited Baltimore. The federal New Markets Tax Credit will give investors such as banks and loan funds write-offs for new investments in businesses and commercial projects in distressed urban, rural and suburban communities. Established a year and a half ago in the waning days of the Clinton administration, the New Markets Tax Credit is envisioned as a way to draw new money into financially underserved areas where traditionally risks are high and returns hard to achieve.

$2Bln of construction under way in Pittsburgh
The Pittsburgh Tribune-Review

PITTSBURGH – Hospital and education projects will be the kingpins in the Pittsburgh region's $2 billion-plus worth of construction activity expected this year. A $600 million, multibuilding development planned by UPMC and the University of Pittsburgh in the city's Oakland area head the list of major projects on tap in 2002. Those projects will join another $1 billion-plus in construction activity already under way, much of which could conclude this year. Chief among that group of projects is the $332 million reconstruction of the David L. Lawrence Convention Center, downtown Pittsburgh. Other construction includes the $300 million Waterfront complex at the site of the former U.S. Steel Homestead Works.

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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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





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