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Wednesday, 08 December 1999

West Regional Digest

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December 9, 1999

One Norwest Center to be sold
Denver Rocky Mountain News, December 9

DENVER – The California Public Employees' Retirement System will buy the One Norwest Center – known as "the cash register" for its distinctive shape – for $220 million. Calpers will buy the 52-story tower from Cornerstone Realty, a real estate investment trust. The sale is expected to close this week.
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No fire sale, says Ascent chairman
Denver Rocky Mountain News, December 9

DENVER – Ascent Entertainment chairman Charles Neinas says the company will take its time selling its Denver sports assets, including the Pepsi Center, in the wake of its collapsed deal with investor Donald Sturm. "We are prepared to operate these assets for as long as we may need to," Neinas told the Rocky Mountain News. "There is no fire sale."
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Apartments planned atop park-and-ride
Seattle Times, December 9

SEATTLE – The Metropolitan King County Council is expected to approve construction of a $40-million apartment complex atop a park-and-ride lot near Microsoft's Redmond campus. Plans call for three buildings, four and five stories high, to rise above a new two-level parking garage at the Overlake Park & Ride at 152nd Avenue Northeast and Northeast 24th Street.
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Elway enters Pepsi Center bidding
Denver Post, December 9

DENVER – Former Denver Broncos quarterback John Elway, in partnership with Broncos owner Pat Bowlen and others, is reportedly interested in buying the Pepsi Center, the Denver Nuggets and Colorado Avalanche from Ascent Entertainment.
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Clothiers move puts four historic properties on the block
Denver Post, December 9

DENVER – Karman Western Wear, a long-time downtown Denver retailer, is moving to the suburbs, leaving four buildings that will be sold to developers for conversion into condominiums and retail space. The properties total 330,000 sf. One building sale has closed, and the others should be completed early next year.
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Storm drain problems back up Flatirons Marketplace
Boulder Daily Camera, December 9

BROOMFIELD, Colo. – Difficulties with design of a storm drain at the one-million-square-foot Flatiron Marketplace may push the planned opening back until Christmas of 2000. The development had been slated for an August 2000 opening, shortly after the opening of neighboring Flatiron Crossing Mall. Three hotels with about 450 rooms will open in the second quarter of 2001.
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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
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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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