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Sunday, 14 July 2002

West Regional Digest (7/15/02): Tacoma May Solicit New Proposals for Dome Site

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July 15, 2002

Tacoma may solicit new proposals for Dome site
Puget Sound Business Journal (Seattle)

TACOMA, Wash. – The Tacoma City Council could vote as soon as this month to solicit proposals from other companies for redeveloping the Tacoma Dome parking lot, effectively dropping the city's exclusive negotiations with Cosmos International Corp. Two years ago, a consultant working for Tacoma sought out Cosmos for redeveloping two city-owned parcels next to the Dome. The company proposed a phased, 1.2 million-square-foot complex of residential units, offices and lodging. The entire project would cost about $100 million. But the proposal proved controversial. Some critics said the development would threaten downtown Tacoma's renaissance by competing with the business district for tenants.

Pixar working on Phase II for corporate campus in Emeryville, Calif.
East Bay Business Times

EMERYVILLE, Calif. – Pixar Animation Studios Inc. is working on a groundbreaking sequel – the second phase of its Emeryville corporate campus. The animation studio has told city officials it will soon move forward with expansion plans that were originally slated to encompass more than 200,000 sf. The company's original plans, submitted in 1996, called for 415,000 sf, about half of which has been developed so far. It put the second phase at the corner of Park and Hollis, on the company's existing 14 acres.

Former DFD executive starting new office ventures in Phoenix
The Business Journal of Phoenix

PHOENIX – Jonathon Vento, former DFD/Cornoyer Hedrick president, and Jim Riggs and Pete Meyer of Shea Commercial are teaming as investment partners in a couple of northwest Valley office projects. Vento changed companies in January. Work is set to start in October on Vento and Riggs' 60,000-sf medical and professional office condominium project at the corner of 67th Avenue and Thunderbird Road in Glendale. DFD/Cornoyer Hedrick is designer. Vento and Riggs, as 67th Avenue Office Investors LLC, bought the six-acre property from Jerry Moyes, who was represented in the sale by Ray Chiang of Trinity Real Estate.

Woodland, Calif., OKs new Ace plan
Sacramento (Calif.) Business Journal

WOODLAND, Calif. – Ace is probably going to build its huge regional warehouse in Woodland after all. Only it might well come with the city's first big commercial park in tow. A month after telling Ace Hardware Co. that Woodland wanted no more warehouses, the city has reversed course and is expediting the paperwork needed to approve and annex a 1 million-sf Ace distribution center at the northern edge of town. The new center would replace a center half that size in Rocklin. The city switched course because Ace and developer Gerry Kamilos persuaded officials that the total project brings more than a new warehouse to Woodland.

Condos keep cruise terminal afloat in San Francisco
San Francisco Business Times

SAN FRANCISCO – Lend Lease Development U.S. has restructured its deal with the Port of San Francisco to build an international cruise ship terminal. A hotel is out; a 20-story condo tower is in. Bowing to the decline in tourism since Sept. 11, Lend Lease altered its plan on Piers 30-32. To keep the project financially afloat, Lend Lease seeks to build 137 market rate condos with construction starting in 2003. The condos would have to meet the city's 12 percent affordable housing inclusion, a city requirement for any new high-rise residential project. Lend Lease would use its condo cash to build the rest of the project, which includes a 100,000-sf cruise terminal. The plan also includes 325,000 sf of office space and between 150,000 sf and 190,000 sf of retail space.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: West Regional Digest (WDIG)
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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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