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Monday, 18 February 2002

West Regional Digest (2/19/02): Troubled Ski Lodge in Denver on Auction Block

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February 19, 2002

Troubled ski lodge project for sale
Denver Post

DENVER – Winter Park's James Peak Lodge, the steel skeleton of a hotel that has languished in financial turmoil for more than a year, is hitting the auction block. Sheldon Goode & Co. will auction the unfinished 60-unit lodge March 27 for a minimum bid of $5.6 million. That's just enough to pay the liens on the troubled project and pull it out of foreclosure.


Developers plan $10Mln spec project in Denver
Denver Rocky Mountain News

DENVER – Despite today's soft office market, a development team is building seven small speculative office buildings in the Inverness Business Park. The developers are building the 55,000-squqare-foot Office Court on Inverness without any preleasing. The first phase of the project can handle tenants that need from 780 sf to 21,000 sf, although the majority will lease less than 5,000 sf. The second phase of the $10 million-plus project will have more than 45,000 sf in seven buildings.


Ex-Athletic Club pumps iron into office
San Francisco Business Times

OAKLAND, Calif. – The old Oakland Athletic Club is bulking up with a new $20 million body that will bring 85,500 sf of extra office space to the downtown core by summer. But the question remains whether the highly buffed project will attract admirers, since demand remains low for Bay Area office space. Despite the economic downturn, developer Victor Rauch expressed confidence in the OAC project. Rauch touts the building's design, which he calls the first of its kind in the city. The four-story building at 1438 Webster St. will retain part of the athletic club's facade.


Presidio looks to housing
San Francisco Business Times

SAN FRANCISCO – With its expenses mounting and its commercial office rents dropping under $20/sf, the Presidio's managers are considering converting some office buildings to residential units. The concept has been brewing for over a year, but has gained momentum in 2002 under new senior management at the Presidio Trust.
Despite a softening residential market, apartment rentals are still a better short-term revenue opportunity for the cash-strapped Presidio Trust, which has 300,000 sf of commercial space available for master developers, but no takers.


Open-air shops in Seattle mall's future
Seattle Times

SEATTLE – A major expansion is planned for Alderwood Mall that would include a 200,000-sf outdoor retail area, apparently in hopes of mirroring the success of open-air shopping centers such as Seattle's University Village. Under preliminary development plans filed by the mall's owner, General Growth Properties, Alderwood would add at least 400,000 sf by fall 2004. The additions would bring Alderwood to roughly 1.5 million sf of retail space, rivaling Southcenter Mall in Tukwila as the state's largest shopping center.


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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Subject: West Regional Digest (WDIG)
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

RCA CPPI

 

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CMBS 2.0 Spreads

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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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