IN PROGRESS: Grand Ave

Location: Los Angeles

Developer: Related Urban Development

Size: 400,000 sq. ft. of retail and restaurants, a 275-room luxury hotel, 2,000 residences and a 16-acre grand civic park.

Architect: Gehry Partners

Cost: $1.8 billion

Completion: Phase I 2009, all three phases 2014

Buzz: The project sits across the street from the Disney Music Hall.

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Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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