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Sunday, 23 June 2002

West Regional Digest (6/2/402): More Residential/Commercial Projects Planned for Downtown Phoenix

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June 24, 2002

More residential and commercial projects planned for downtown Phoenix
The Business Journal of Phoenix

PHOENIX – Proposals for seven mixed-use buildings between Roosevelt and Van Buren streets, from First to Third avenues, are in the works. The projects, with about 1.8 million square feet for residential buildings and another 600,000 sf commercial and retail, are from a development group comprised of Lowrey Associates, WRS Architects and Nanshe Construction. The local development team's first building, SoHo Lofts, is planned at 625 N. Second Ave. Work will start in the third or fourth quarter of 2002. The project has 32 residential units, and 14 reservations have been placed, said project designer Anthony Olivieri at WRS Architects.

Developers propose projects in San Francisco's jazz district
San Francisco Business Times

SAN FRANCISCO – After a decade of redevelopment frustration, competing developers Michael Johnson and Rick Kaufman are trying to bring the sounds of construction into San Francisco's Fillmore jazz district. The San Francisco Redevelopment Agency is considering proposals from both developers that combine jazz and retail on the street topped by eight floors of housing. The project would transform a parking lot at the corner of Eddy and Fillmore streets. Johnson envisions 104 mostly affordable-priced apartments adjoining an office building. On the street level there would be a jazz museum and restaurant. Kaufman has proposed a larger project: 250 rental units that will be primarily market rate and 65,000 sf retail and entertainment.

Lend Lease says Lincoln Square's leasing not derailed
Puget Sound Business Journal (Seattle)

SEATTLE – Lincoln Square, a massive retail, hotel/condominium and office project in Bellevue across the street from Bellevue Square, was put on temporary hold June 1 to phase the construction of the four major parts of the project to coincide with the improvement of the regional economy. The developers and leasing agents for Lincoln Square say plans to stall the project for four to six months should have little effect on attracting and retaining tenants and condominium buyers. The project is being developed by Lend Lease Real Estate Investments Inc. of New York and Westbank Projects Corp. of Vancouver, British Columbia.

RealNet claims CB Richard Ellis withholding listings
The Business Journal of Portland

PORTLAND, Ore. – The heads of several major commercial real estate firms won't dump Scott Napier's RealNet system as quickly as they had planned because a competing broker-driven database is incomplete. But this is small comfort for Napier, who believes the actions of one local company amount to violations of antitrust and other business laws. He claims CB Richard Ellis is withholding its listings from RealNet to squeeze it out of the market by making its database incomplete and therefore less valuable. Mark Fitkin, managing director of CB Richard Ellis, could not be reached for comment.

Davis Wright throws hat in the office race in Portland, Ore.
The Business Journal of Portland (Ore.)

PORTLAND, Ore. – The law firm of Davis, Wright Tremaine is shopping around for the most attractive office deal. Although the firm's lease in the Wells Fargo Tower isn't set to expire until 2005, it isn't too early to start looking, said Mark Carnese a Cushman & Wakefield broker. The request for proposals currently being drafted could include a call for 75,000 to 80,000 sf of office space. Cushman & Wakefield broker Tom Usher and Seattle-based CenturyPacific LP also are representing DWT.

Monica Finnegan moves to Newmark in San Francisco
San Francisco Business Times

SAN FRANCISCO – Completing its raid on CB Richard Ellis, Newmark & Co. Real Estate Inc. has lured away Monica Finnegan. Finnegan was named Newmark's San Francisco managing principal, along with Ed Grammens, who led the first wave of CB defectors earlier this month. Newmark's new San Francisco office has seven brokers and an office manager, all former CB Richard Ellis employees. Finnegan, a 21-year CB veteran, is the biggest name to jump. She ran CB's office in San Francisco for six years. More recently, she was a senior director. She said she made the move because of Newmark's New York clout, its entrepreneurial and team culture, and its deep pockets that will allow the San Francisco office to grow quickly. The goal is to build the San Francisco office to between 14 and 20 brokers this year.

Woodinville, Wash., discusses transformation of downtown from quaint to commercial
Puget Sound Business Journal (Seattle)

WOODINVILLE, Wash. – The city plans a world-class restaurant, a posh hotel, a major local brewery and the Northwest's largest winery. But to make Woodinville truly flourish, city and business officials acknowledge they must do a better job of tying its tourist district to its growing retail core. And even more pressing, to meet its goal of luring mixed-use development, the city may have to let downtown buildings stand as high as 10 stories. The current limit is 45 feet.


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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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