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Tuesday, 25 June 2002

West Regional Digest (6/26/02): Weingarten JV Buys Denver-area Retail Center

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June 26, 2002

Weingarten JV buys Denver-area retail center

WESTMINSTER, Colo. - Weingarten Realty Investors' joint venture Miller-Weingarten has completed the purchase of the Westminster Plaza, a 91,300-square-foot shopping center at the northwest corner of 72nd Avenue and Federal Boulevard in this Denver suburb. The property is 98 percent leased and anchored by a 56,000-sf Safeway and includes Blockbuster, GNC and Checker Auto as tenants. Terms weren't disclosed.

NorthMarq arranges $11.7Mln for LA office project

LOS ANGELES - NorthMarq Capital has arranged $11.7 million of financing for an office project at 11611 San Vicente Blvd. The financing was provided through The Guardian Life Insurance Company of America. Robert R. Hervey, senior vice president/senior manager director in NorthMarq's Los Angeles office, arranged the financing. The Gateway Building is a 95,157-sf office building constructed in 1977 and renovated in 1998 and 1999 for more than $2 million.

San Jose approves retail on eastside
San Jose (Calif.) Mercury News

SAN JOSE, Calif. - The city council will lavish $50 million on a controversial plan to rebuild two East San Jose shopping centers: the thriving, but run-down, Tropicana and a neglected complex across King Road. On an 8-2 vote, the council members allowed the city's redevelopment agency to plunge ahead with acquiring 26 acres of land, demolishing scruffy buildings and letting a private developer construct a Latino-themed shopping center at the gateway intersection of King and Story roads. But they added an extra protection for the Tropicana's existing merchants, promising that any rent increase would be phased in over five years once the shopping complex is built. Developer Blake Hunt Ventures of Walnut Creek is expected to repay as much as $18 million of the city's upfront costs.

Downtown Bellevue, Wash., vacancies soar
Seattle Times

BELLEVUE, Wash. - Downtown's commercial real-estate market, hammered by the technology collapse, continued to see increases in vacancy rates in the past three months, according to Cushman & Wakefield. Vacancies started climbing in the second quarter of 2000, when the rate was 1.6 percent in Bellevue and less than 1 percent in Seattle. The Eastside in particular has been hit by the dot-com collapse. Downtown Bellevue's second-quarter office-vacancy rate rose to 28.3 percent from 26.5 percent in the first quarter.

RC Willey signs lease for NLV distribution plant in Las Vegas
Las Vegas Review Journal

LAS VEGAS - RC Willey Home Furnishings has signed a six-year, $3 million lease to occupy 162,000 sf in the Craig Distribution Center in North Las Vegas. Centra Properties is the landlord. The 278,000-sf first phase of the Craig Distribution Center is scheduled to be completed by Aug. 1, with occupancy a month later. The cost of the project is estimated at $20 million.

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


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  • 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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