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

Sunday, 01 August 2004

General Growth Properties Bids $313Mln for San Francisco's Stonestown Galleria

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August 2, 2004

San Francisco Business Times

General Growth Properties Inc., a Chicago REIT, is the top bidder on San Francisco's Stonestown Galleria, an 860,750-square-foot mall. General Growth bid $313 million – more than $40 million above asking price – for the largest of only three major malls in the city. Under terms of the deal, General Growth would both own and manage the property, which is now managed by Macerich Co., a Santa Monica REIT. Rockwood Realty is the broker handling the sale. No contract has been signed and other bidders included Macerich and Westfield.


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“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
  • Cities: San Francisco
  • Sector: Retail
  • Subject: REITS -general (REITS), West Regional Digest (WDIG)
  • Valuation: More than $150 million
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

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CMBS 2.0 Spreads

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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

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