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Monday, 11 February 2002

West Regional Digest (2/12/02): Vacancies Hit Record in Denver Tech Center Office Market

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February 12, 2002

Denver Tech Center office market vacancy hits record
Denver Rocky Mountain News

DENVER – The north Denver Tech Center office market has a vacancy rate that by some accounts surpasses the vacancy rate in the northwest corridor. An end-of-the-year study by Fuller and Co. puts the vacancy rate in the 15-building north tech center at an all-time high of 40 percent. Although it probably dropped to about 35 percent because of one big lease signed by the Washington Group, it could go back to 40 percent because Nextel is poised to dump about 108,000 square feet space on the market, several brokers said. Fuller puts the northwest corridor's vacancy rate – including subleased space – at 23.34 percent, although other reports have placed it at more than 50 percent. Reports vary depending on what buildings they include and how vacancies are calculated.

Law firm moves as Denver office market favors tenants
Denver Post

DENVER – Prudential is losing a two-floor tenant at its Johns Manville Tower. The Kutak Rock law firm is moving to 1801 California St. The 52,000-sf space gives Kutak Rock a new home and takes three floors off the hands of Qwest, which has been paying the rent but seeking tenants to sublease chunks of space in the building. Kutak Rock is subleasing the space on floors 30, 31 and 32 for nine years and nine months – barely a difference from a standard 10-year deal.

Kilroy Realty inks lease deal with Vical in San Diego

SAN DIEGO – Kilroy Realty Corp. has signed a 15-year lease with Vical for a 68,000-sf facility in northern San Diego designed and built specifically for biotech operations. The facility, located in Pacific Corporate Center in Sorrento Mesa, will serve as Vical's headquarters. Vical was represented by Rick Sparks and Brad Bennett of CB Richard Ellis while Kilroy Realty Corp. was represented by Robert Merkin and Doug Lozier, also of CB Richard Ellis.

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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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