In Progress: Summit Oaks

DEVELOPER: Parker Properties

LOCATION: Santa Clarita, Calif.

SIZE: Five-story, Class-A office building totaling 144,000 sq. ft.

PROJECTED COMPLETION: Summer 2008

BUZZ: Summit Oaks is located within the master-planned community of Valencia Gateway, which encompasses 5,000 acres, 23 million sq. ft. of office space, 1,430 companies and 45,000 employees. The building offers 28,000 sq. ft. floor plates.

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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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