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Sunday, 19 May 2002

Mid-Atlantic Regional Digest (5/20/02): On Prime Site in DC, a Complex of Possibilities

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May 20, 2002

On prime site in DC, a complex of possibilities
The Washington Post

WASHINGTON – When Washington's new convention center opens this spring, the site of the old convention center – 10.2 acres at the nexus of downtown – will be open for construction. Mayor Anthony A. Williams has released plans that call for: housing, including affordable units; retails stores; restaurants; a public plaza; and, possibly, office and hotel space. Developers must submit proposals this fall, and locals expect numerous bids.

Cephalon searching for new location
The Philadelphia Business Journal

WEST CHESTER, Pa. – Cephalon Inc., one of the nation's fastest-growing biotechnology companies, is searching for 100 acres that could eventually accommodate up to 1 million square feet of research and office space. While it is still early in the site-selection process, the Chester County company is looking at land along the Route 202 corridor and up to the Route 29 area in Collegeville, Montgomery County. It is also considering northern Delaware. Other states have tried to lure the company away but, so far, Cephalon executives have expressed a preference to remain in the Philadelphia region. The company likes its access to the pharmaceutical corridor in New Jersey and Pennsylvania. It also wants to remain close to New York's financial markets and stay within driving distance of Washington's regulatory agencies.

Pratt St. tower in Baltimore retains industry heavyweights
The Baltimore Business Journal

BALTIMORE – Two financial services firms, UBS Paine Webber and Merrill Lynch, are staying downtown. Paine Webber has renewed its lease for 15,288 sf at 100 E. Pratt St., while Merrill Lynch has renewed its lease for 30,566 sf in the same building. Financial terms of the 10-year deals were not disclosed.

Urban Growth takes control of city block in Philly
The Philadelphia Business Journal

PHILADELPHIA – Urban Growth Property Trust, a Chicago-based private REIT, has finally acquired the last parcels of an entire Center City block that it has been buying piecemeal over the past year. The real estate firm closed a deal in the past couple of weeks to buy 902-906 Chestnut St. The deal marks the latest in a string of purchases for Urban Growth in that neighborhood. Last year, it bought a 53,000-sf parcel at 10th and Chestnut streets for $13 million, or $245/sf. It also bought an adjacent 7,820-sf sliver of land for $2 million, or almost $242/sf.

Marriott to ring closing bell at NYSE
The Washington Post

NEW YORK – J.W. "Bill" Marriott Jr., his family and some of the executives at his hotel company, Marriott International Inc. in Bethesda, Md., will ring the closing bell of the New York Stock Exchange today to commemorate the 75th anniversary of the company. The company, with more than 2,000 hotel properties worldwide, was started by Marriott's father, J. Willard Marriott Sr., as a nine-seat root beer stand on 14th Street N.W. in Washington, D.C., in 1927. The company evolved from a local chain of diners when, in 1956, Marriott Jr. bought the Twin Bridges Motor Hotel in Washington, starting the company on a path to become the biggest U.S. hotel operator.


“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: 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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