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Monday, 18 March 2002

West Regional Digest (3/19/02): Developer Plans 400-key Hotel in Bellevue, Wash.

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March 19, 2002

Developer plans 400-key hotel in Bellevue, Wash.
Seattle Times

BELLEVUE, Wash. – Developer Schnitzer Northwest has submitted plans to build a 22-story, 400-key hotel next to the Meydenbauer Center. The hotel would loom over the corner of Northeast Eighth Street and 112th Avenue Northeast. The firm hopes to start construction next year, with delivery for late 2004 or early 2005. Plans include 1,147 underground park stalls, 11,500 square feet off retail space and 10,700 sf for restaurants.

Colorado apartments sell for $18.6Mln
Denver Rocky Mountain News

COLORADO SPRINGS, Colo. – American Apartment Communities has paid $18.6 million to UBS Realty Investors for the 260-unit Windtree Apartments at 2530 Paragon Drive. Grubb & Ellis brokered the sale.

Vestin Mortgage arranges $20Mln for Castaways Hotel Casino

LAS VEGAS – Vestin Mortgage has arranged a $20 million bridge loan secured by the Castaways Hotel Casino. The lender and the borrower were not disclosed. The proceeds will be used to refinance existing debt on the property. The hotel comprises 467 rooms and 45,000 sf of convention space.

Long Beach, Calif., building sells for $14.5Mln
Los Angeles Times

LONG BEACH, Calif. – Ocean Beach Investors has purchased a 116,000-sf office building at 5150 E. Pacific Coast Highway for $14.5 million from a partnership led by Southwest Value Partners and South Charles Investment Co. The sellers were represented by Cushman & Wakefield and Grubb & Ellis. Ocean Beach Investors was represented by South Park Group. Meanwhile, Vincent von der Ahe acquired the 152,416-sf Industry Business Center at 15302-15364 Valley Blvd. in Industry from Voit Development for $10.5 million. Voit Commercial Brokerage represented the buyer and the seller. Grubb & Ellis also represented the buyer.

Law firms lease space in LA
Los Angeles Times

LOS ANGELES – Howrey, Simon, Arnold & White signed a 14-year, $41 million lease extension that increases its space to 100,498 sf from 63,000 sf on the 11th, 12th, 14th and 15th floors and half of the 10th floor at 550 S. Hope St. Additionally, Lewis, D'Amato, Brisbois & Bisgaard signed a six-year, $25 million extension that increases its space by 20,000 sf to 117,000 sf at 221 N. Figueroa St.

Medalion West in Colorado Springs going condo
Denver Post Gazette

COLORADO SPRINGS, Colo. – The former Medalion West retirement center, which has been vacant for several months, has been sold by Centura Health to Belvedere Enterprises for $3.7 million. The property is near the southeast corner of Wahsatch Avenue and Kiowa Street on downtown's east edge. The company plans to renovate the 130-unit retirement home into condos. Prices will begin in the low $120,000s; depending on the extent of the renovation, the building's penthouse could sell for $750,000.

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


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Additional Info

  • Syndicate to Realpoint: No
  • 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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