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Tuesday, 26 March 2002

West Regional Digest (3/27/02): Denver Chooses Developer to Rebuild East Village Apartments

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March 27, 2002

East Village developer is chosen
Denver Post

DENVER – Simpson Housing Solutions and Alliance Property Group will redevelop the East Village apartments in the city's uptown neighborhood. The team, which also includes co-developer CPC East Village, will negotiate a contract to raze the 249-unit apartment community in phases and create an estimated 500 housing units. The deal comes nearly 1 1/2 years after the Denver Housing Authority purchased East Village from California-based Casden Properties. In October 2000, the Housing Authority bought East Village for $12.3 million, preventing the ouster of its residents and preserving what was considered one of the largest properties for low-income families in the city. This story was also reported in the Denver Rocky Mountain News.

Travelers to close Scottsdale office
Arizona Republic

SCOTTSDALE, Ariz. – Travelers Property and Casualty Corp. plans to close its American Equity Insurance unit and lay off 133 employees over the next 15 months. The specialty insurer was formed in 1979 and in 1990 relocated its headquarters to Scottsdale from Delaware. It moved into its present 50,000-sf office at 7676 Pinnacle Peak Road in 1998.

Jones Lang LaSalle to manage Calif. development

BREA, Calif. – Jones Lang LaSalle was retained by Lend Lease Real Estate Investments to manage Fairway Center, a 280,000-sf development. The property, at 1800 Imperial Highway, consists of two Class-A buildings, the first of which was completed in 1987 and is 100 percent occupied. The second building is in the final phase of construction. The first building consists of 145,000 sf and is home to tenants such as CNA Insurance, 21st Century Insurance and Cal Fed Bank. Completion for the 135,000-sf number two building is expected in early summer. Opus West Construction is constructing the property.

Manufactured Home buys Ore. RV resort for $6.8Mln

WELCHES, Ore. – Manufactured Home Communities has purchased Mt. Hood Village, a 450-site RV resort located for roughly $6.8 million. The community also has land available for expansion of up to an additional 120 sites.

IDX Tower being developed in Seattle 81% leased
Seattle Times

SEATTLE – Compared with some of the big buildings surrounding it, the IDX Tower going up at Fourth Avenue and Madison Street in Seattle is small and slender. But the 40-story structure is the first office high-rise to go up in the downtown financial district in more than a decade. Tenants include law firm Preston Gates & Ellis, the Seattle branch of Deloitte & Touche accountants and investment firm UBS PaineWebber. IDX Systems will be the biggest tenant with 300,000 sf. The 845,000-sf building is 81 percent leased, and interest in the remaining space – including the smaller top three floors – has been strong.

Seattle's office vacancy leveling off
Seattle Times

SEATTLE – After rising sharply for more than a year, the office-vacancy rate in downtown Seattle is showing signs of leveling off. Nevertheless, rents continued to drop and are at the lowest levels in three years in downtown Seattle. The Cushman & Wakefield report shows that vacancy rates in downtown Seattle and Bellevue started climbing after the second quarter of 2000, when it was just under 1 percent in Seattle and 1.6 percent in Bellevue.

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


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“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

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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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