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Thursday, 02 May 2002

Mid-Atlantic Regional Digest (5/3/02): Owner of Downtown Norfolk, Va., Building Files Ch. 11

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May 3, 2002

Owner of downtown Norfolk building files Chapter 11
The Virginian-Pilot

NORFOLK, Va. – Under the threat of foreclosure, the owner of the downtown building that is home to the Tazewell Hotel & Suites has filed for a Chapter 11 bankruptcy protection. Commonwealth Enterprises LLC will try to reorganize its finances in Norfolk Federal Bankruptcy Court. The Chapter 11 filing comes two weeks after the substitute trustee for mortgage lender General Electric Capital Business Asset Funding Corp. filed a legal notice. The 60-room hotel opened in 2000 after a two-year, $7.5 million restoration of a rundown hotel built in 1906. Empire Little Bar Bistro occupies a ground floor spot in the hotel.

Projects to rehabilitate Camden, NJ, in the works
Philadelphia Inquirer

CAMDEN, N.J. – Developer Carl E. Dranoff will spend $58 million transforming the city's landmark Nipper building. The interior has been cleared out at a cost of $6 million. And the work of building luxury loft apartments may begin as early as August. The Nipper building was set to become the Victor apartments – the residential anchor of a new waterfront community. The building upgrade is expected to be completed next year and is to be followed by a similar refurbishment of an adjacent former RCA building on Cooper Street in 2004 at a cost of about $25 million to $30 million. That project will be followed by the $100 million construction of 500 townhouses and midrise luxury units on Delaware Avenue in 2005, he added.


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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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