CPN - February 2009 - (Page 13)

RANKING MARKET INTELLIGENCE CPN -N IELSEN 2009 R ANKING Vol r r o P um Facigina (Ma igin (Ma an S Ba N-Nie e x 2 atio tor tion x2 i nk/ lse SD SD ze F ns (Ma Vo ,M ,M Bro n M act in 2 Fa x2 l in 2 ker or cto or SD ume 0) 0) ,M r Ind tgag in 2 ex e 0) 246.1 244.4 239.0 236.4 226.8 166.9 161.2 135.2 113.0 105.2 97.8 95.1 94.4 89.1 80.8 66.3 66.2 60.6 55.4 45.3 45.0 42.5 40.3 35.8 33.9 31.2 28.1 27.4 27.4 27.0 24.3 37 108 254 177 71 66 87 56 284 284 34 133 51 128 20 174 170 121 68 49 103 20 35 48 66 57 47 45 45 42 34 312 349 349 349 286 197 207 145 60 37 79 101 92 91 41 20 23 43 47 35 20 20 27 24 20 20 20 20 20 20 20 360 257 116 175 301 224 179 193 20 20 171 57 134 53 173 20 20 27 52 53 20 84 58 37 20 20 20 20 20 21 20 MORTGAGE BANKSC & BROKERAGE FIRMS O O L 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Meridian Capital Group L.L.C. CBRE Capital Markets Deutsche Bank Commercial Real Estate Holliday Fenoglio Fowler L.P. Capmark Finance Inc. Strategic Alliance Mortgage L.L.C. KeyBank Real Estate Capital NorthMarq Capital Inc. Ackman Ziff Real Estate Group Natixis Real Estate Capital Inc. Q10 Capital L.L.C. Principal Real Estate Investors Grandbridge Real Estate Capital L.L.C. Red Mortgage Capital Inc. Marcus & Millichap Capital Corp. Sonnenblick-Eichner Co. Colliers Meredith & Grew George Smith Partners Inc. Walker & Dunlop/Green Park Financial M&T Realty Capital Corp. RockBridge Capital L.L.C. The Community Preservation Corp. iCap Realty Advisors L.L.C. Centerline Capital Group Quantum First Capital Hybrid Capital Markets Inc. First American Realty Associates HomeStreet Capital Henry S. Miller Financial Services L.L.C. Dominion Healthcare Financial Corp. Beacon Realty Capital Inc. Ori gin atio (De Fin bt, anc Equ ns ity, Typ e H ybr id) ing s a tion n T On te T Re n-to y ly, Rec , Mez pes qui -Va Flo ypes our zan atin rem lue se, ine, (Bridg g/V (Fixe Per e N ent aria d, I ma on-R , Con ble nter nen eco stru est ) urs ct) e, D, E all D, H all D all D, E D all D D, E D D D, E D, E all D, E all all D all D all D all all D D all D, E all all all F, V all all all F, V all all all all all all all all all all all all all all F, V all all all all all all all F, V all all all B, M, N, R, P all all all all all all all all B, C, M, N, P B, C, N, R, P all all all all all all C, M, N, P all B, C, P all B, M, N, P all all all P all B, C, M, R, P all >60% 41-50% N/A N/A >60% 21-30% 21-30% 21-30% 31-40% 51-60% >60% 41-50% 31-40% N/A >60% N/A 31-40% 21-30% 21-30% 21-30% 11-20% >60% 21-30% 11-20% 21-30% >60% 21-30% 21-30% 21-30% >60% 21-30% Ra Loa Lo $13.1B $15.5B $16.5B $17.3B $12B $8.3B $8.7B $6.1B $2.5B $1.6M $3.3B $4.2B $3.9B $3.8B $1.7B $130M $965.8M $1.8B $2B $1.4B $400M $835.9M $1.1B $1B $356.2M $300M $35M $400M $179.8M $500M $225M 2,400 964 436 657 1,129 840 670 725 52 24 642 213 503 200 650 5 38 100 196 199 26 316 219 140 36 <35 5 60 27 80 44 The CPN-Nielsen Mortgage Bank/Broker Index measures each company’s volume of commercial real estate loans, number of transactions and average size from September 30, 2007, to October 1, 2008. Nielsen incorporated this data into a weighted formula to determine an overall score for each company. The CPN-Nielsen Mortgage Bank/Broker Index is based on those firms that submitted surveys that included the required factors. MARKET PROFILE Continued from page 12 WASHINGTON’S NEW TIMES building to be constructed in the CBD by a group of private investors led by Edward Kaplan, Albert Small and Steven and Michael Gewirz. Arent Fox’s lease expires in 2012, according to Studley, which represented the law firm in the May deal. SALES STOPPAGE If leasing has been slow, investment sales are even more so, and that is effectively breeding on itself. In 2008, sales were down 83 percent, from $27.5 billion to $4.7 billion, according to Lipton. And while 2007 was a watershed year, even prior years netted far higher volumes: $19.2 billion in 2006 and $17.5 billion in 2005, he reported. Two-thirds of the sales that closed during the first three quarters of 2008 were in the office sector, and another 20 percent were apartment deals. Most of the large deals that did close were completed in the early part of the year—some at recordbreaking prices per square foot. The priciest deal of the year, for instance, Ralph Dweck’s purchase of 300 New Jersey/51 Louisiana from The JBG Cos., went for $814 per square foot, and 2099 Pennsylvania Ave., N.W., which Vico Capital bought from Blue Capital Kaempfer L.P., achieved an all-time high of $864 per square foot. A number of cash-rich investors are sitting on the side- lines waiting for the right deal, but a bigger problem than their finding financing now, noted Transwestern senior vice president David Popp, is the lack of comparables against which to price assets.“It’s a chicken-and-egg situation,” he noted. Complicating the situation is the fact that most owners are not in financial distress and therefore feel no pressure to sell their assets—or, consequently, to drop their asking prices.That may change as more debt comes due this year, requiring refinancing or sales. But Popp does not expect the number of deals to be significant this year, either. That said, a few deals that CB Richard Ellis is marketing have reached the market owing to the y 2009 • metropolitan area’s strength, Prutting noted. Those include Boston Properties’ 500 E St. in the Southwest submarket and BlackRock Inc.’s Shady Grove Executive Center in Rockville, Md., soon to be joined by Station Square in Downtown Silver Spring, Md. He predicted a few more deals closing in the next three months and noted that some investors are overcoming the lack of comps for pricing assets by focusing on location, credit, asset quality and pricing based upon in-place income and further benchmarking initial returns to positive leverage on today’s financing. —Reach editor-in-chief Suzann D. Silverman at suzann.silverman@nielsen.com. Commercial Property News 13 www .cpnonline.com • Februar http://www.cpnonline.com

Table of Contents Feed for the Digital Edition of CPN - February 2009

CPN - February 2009 Contents Starting Line Buzzworthy Office Data/Analysis Washington, D.C., Market Profile Ranking: Mortgage Banks & Brokerage Firms Top Deals of 2008 Mortgage Banking Mexico Brokerage Sustainability CPN-Nielsen Claritas Special Report Resource Guide

CPN - February 2009

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.