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Wednesday, 15 November 2000

West Regional Digest (11/16/00): Hyatt chosen for $220 Mln convention center hotel in Denver

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November 16, 2000

Hyatt picked for $220 Mln convention center hotel
The Denver Rocky Mountain News, November 16

DENVER – Hyatt Regency has been awarded the right to operate the 1,100-key hotel that developer Bruce Berger is building across from an expanded Colorado Convention Center. The two finalists for the $220 million hotel were Hyatt and Sheraton. Berger still needs a $55.3 million subsidy from the Denver Urban Renewal Authority before he can seek financing. Hyatt will use its financial clout to help arrange financing from a consortium of banks, but won't be putting any of its own money into the deal. Marriott, which previously was going to operate the hotel, had planned to put more than $20 million into the deal. The Denver Post also reported on this story.

Dot-coms looking to sublease office space in Seattle
The Seattle Times, November 16

SEATTLE – There is 360,000 sf of sublease space available downtown because of the dot-com shakeout, according to CB Richard Ellis. Among the companies with space for sublease are Amazon.com, with 72,000 sf at Opus Center South; Avental, with 30,000 sf at 720 Olive Way; and Onvia.com, with 25,500 sf at the Mercer/Yale Building. Vacancies, however, rose only four-tenths of a percentage point to 1.4 percent. Many new buildings are under construction, which usually would make the situation worse. But CB Richard Ellis found that of the 3 million square feet being built, 90 percent is preleased.

Hawaii retailer finds buyer for Waikiki building, wants to lease back store
The Honolulu Star-Bulletin, November 16

WAIKIKI, Hawaii – Crazy Shirts has agreed to sell its building at 151 Kaiulani Ave. in Waikiki to an unidentified buyer for $3 million, or about $897/sf, with plans to lease back the building's retail space. Aiea-based Crazy Shirts Inc. bought the fee-simple 3,344-square-foot building in June 1995 for $2.5 million. The Hawaii retailer is the building's only tenant, with a 1,975-sf store in the first floor; another 729 sf of empty office space is available on the second floor. Reaching a deal could take a month, said Mark Bratton of Colliers Monroe Friedlander Inc., which listed the property in early August. Built in 1959, the building was converted to retail space from an apartment in 1990, and comes with eight parking stalls on a separate 3,625-sf piece of leasehold land.

Calpine Corp. latest tenant at Koll Dublin Corporate Center
The Oakland Tribune, November 16

DUBLIN, Calif. – Calpine Corp. is the latest company committed to taking space in the Koll Dublin Corporate Center, a 596,000 sf office building rising at the corner of Dublin Boulevard and Tassajara Road. Calpine plans to move into the $100 million facility in August 2001. In addition to the office space, by the time the $100 million project is finished, it is expected to hold a six-story hotel, 14,000 sf of retail and restaurant space and a 100-car park-and-ride on its 34 acres.

The Oregonian lists area deals
The Oregonian, November 16

PORTLAND, Ore. – Relera Telecom has leased 78,000 sf of office space at 3150 N.W. 227th Ave. in Hillsboro, Ore., from Panattoni Development. Ramona Harrington of Cushman & Wakefield represented the lessee; Marty & Ted Gilbert of Commercial Real Estate represented the lessor.

Commercial Real Estate Direct provides links to full stories where available.


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  • Subject: Property Acquisitions (ACQ), 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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