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Tuesday, 02 April 2002

West Regional Digest (4/3/02): Health Care Property Investors Buys Vegas Building for $45Mln

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April 3, 2002

Las Vegas building sold for $45Mln
Las Vegas Review Journal

LAS VEGAS – The administrative office building for Sierra Health Services at 2716 N. Tenaya Way has been sold for $45 million to Health Care Property Investors REIT. The 204,000-square-foot building is part of the Sierra Health portfolio of Las Vegas properties that was sold for $115 million to a syndicate of investors in December 2000. It's the largest of 10 buildings in that portfolio, seven of which have already been sold. Sierra Health remains in a long-term lease for the property, part of the company's plan to sell its buildings and then lease back the space.


Low-rent apartments coming to Seattle
Seattle Times

SEATTLE – First it was offices, then condos. Now construction of low-rent apartment buildings seems to be booming in high-rent downtown Seattle and Belltown. Four new buildings, with about 350 units and rents from about $100 to $850 a month, are rising and are expected to rent quickly once people are allowed to submit applications. Plymouth Housing Group is putting up a 73-unit, six-story building on the site of the former Ivar's restaurant lot off Denny Way near Seattle Center. Construction began this week on a more-upscale project, The Gilmore, across from The Bon March? at Third Avenue and Pine Street.


Rise in Denver's condo permits
Denver Rocky Mountain News

DENVER – Developers pulled 525 permits for condominiums and town homes in Denver in January, more than twice the 232 in January 2001. The Denver permit activity accounted for 65 percent of the 802-condo permits filed in January. There were 449 apartment unit permits pulled, a 34 percent drop from 681 last year. The huge increase in condo permits for Denver likely reflects a few projects in hot areas such as the Central Platte Valley, the Golden Triangle and Uptown, according to experts.


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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: Property Acquisitions (ACQ), 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

 

 

 

REITCafe

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