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Monday, 25 February 2002

West Regional Digest (2/26/02): Bank Buys Unfinished Apartment Project in Colorado Springs

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February 26, 2002

Bank buys unfinished apartment project in Colorado Springs
The Gazette (Colorado Springs, Colo.)

COLORADO SPRINGS – Bank of America has paid $14.1 million to buy a partially built, financially troubled apartment complex on Colorado Springs' northeast side. B of A had originally loaned $22.9 million to developer Mountain Ranch Corp. for the Peaks, a sprawling 300-unit, 10-building complex. Construction was halted about a year ago because of foreclosure. Construction should resume in a few weeks.

Culver City, Calif., to get industrial complex
The Los Angeles Times

CULVER CITY – Westway Development expects to break ground this summer on a two-building, 243,000-square-foot industrial project on a 12-acre site near Jefferson Boulevard and Overland Avenue. The flex buildings will be used for warehouses, light manufacturing, research and development or other industrial purposes. Beginning in the mid-1990s, nearly 2.6 million sf of industrial space in the Marina del Rey-Culver City market was converted to offices, according to a study by Grubb & Ellis. That left little for industrial use.

Industry news: Verizon renews lease for $10Mln near LA

MISSION HILLS, Calif. – Verizon Communications of California has signed a $10 million lease renewal for a 65,000-sf office building at 11333 Sepulveda Blvd. Lee Black, Richard Bright and Ray Howden of Cushman & Wakefield represented Verizon, while Steve Zaccagnini and Jeff Ingham of Jones Lang LaSalle represented the landlord, Farmers Insurance Group.

Palmer repeats as Sacramento region's top broker
The Sacramento (Calif.) Bee

SACRAMENTO, Calif. – Bill Palmer, senior vice president at CB Richard Ellis, and the other 14 members of his investment team closed 26 deals with a value of about $500 million last year. Those numbers – though down from 36 deals and about $850 million in 2000 – easily won Palmer his fifth consecutive Broker of the Year award from the Sacramento Association of Commercial Real Estate.

Staubach brokers 290,400-sf lease for Santa Clara County, Calif.

SAN JOSE, Calif. – The County of Santa Clara has signed a lease for 290,400 sf in the River Park Corporate Center. The County will occupy Buildings 1 and 2 at 333 and 373 West Julian St. in April. Craig McGahey and Nate Bray of The Staubach Co.'s Palo Alto office, and Robin Eve-Jasper of Staubach's education and municipal services division represented the County Government Administrative Office in the lease negotiations.

Jones Lang LaSalle to manage 801 K St. in Sacramento, Calif.

SACRAMENTO – Oaktree Capital Management LLC has hired Jones Lang LaSalle to lease and manage 801 K Street, formerly known as the Renaissance Tower. Jon Snyder and Greg Berryman will head up the Jones Lang LaSalle leasing and management team. The class-A, 28-story tower in downtown contains 332,264 sf. A major renovation of the lobby, common areas and tenant corridor will begin in early spring.

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


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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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