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Monday, 04 March 2002

West Regional Digest (3/5/02): Wells Pays $13.4Mln for Denver Flex Building

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March 5, 2002

Industry news: Denver paper lists recent sales
Denver Rocky Mountain News

DENVER – Wells REIT and Wells Fund XIII has paid $13.4 million, or $88.70/sf, for 8560 Upland Drive, a 148,200-square-foot flex building that is leased to Advanced Digital Information Corp. Capital Development represented Wells, while Opus Northwest, the seller, represented itself. In another deal, Alliance Commercial Partners LLC paid $11.27 million for a 168,547-sf building at 1707 Cole Blvd. in a deal brokered by Frederick Ross Co. Lastly, Tower Speer LLC paid $10.5 million, or $61,191/unit, for the 172-unit Parkway Place Apartments at 1255 Galapago St. The buyer is renaming the property Tower at Speer and will continue to operate it for the elderly and handicapped. Grubb & Ellis brokered the deal.


Avaya office lease goes on market in Denver
Denver Rocky Mountain News

DENVER – Struggling communications firm Avaya Inc. is looking to lease 114,000 sf of its space in a 200,000-sf Class-A building in the city's Highlands Ranch submarket. The entire office campus, which it shares with its former parent, Lucent, totals about 600,000 sf. Candis Hewitt of Cushman & Wakefield has been hired to find a new tenant for the space, which has an asking price of $22.50/sf.


Industry news: Granite buys 99-unit complex in Garden Grove, Calif.
The Los Angeles Times

GARDEN GROVE, Calif. – Granite Investment Group of Irvine has bought the 99-unit Cynthia Circle Apartments at 11050 Cynthia Circle for $11.2 million. Grubb & Ellis represented the buyer and the seller, Irvine-based Bascom Group.


Western Realco to build Redlands Business Park
The Los Angeles Times

REDLANDS, Calif. – Western Realco will begin work this summer on the $12 million, 300,000-sf first phase of a business park that eventually fill 227 acres with about 3 million sf of industrial and office space. The Newport Beach-based developer is teaming with Bixby Land Co. of Long Beach to build the Redlands Business Center on a site north of Interstate 10 between Mountain View Avenue and California Street. The eventual $150 million project is slated for completion in about five to seven years.


Kohl's warehouse to be built at former base in San Bernadino, Calif.
The Los Angeles Times

SAN BERNADINO, Calif. – Hillwood Investments will break ground Wednesday on a 651,880-sf warehouse for Kohl's department store. The warehouse will be built at the Dallas-based developer's 2,000-acre AllianceCalifornia distribution center at the former Norton Air Force Base.


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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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