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Sunday, 03 October 1999

Western Regional Digest

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October 4, 1999

Another Stapleton extension agreed
Denver Post, October 2

DENVER – Stapleton Development Corp. and Forest City Enterprises have agreed to a three-month extension for negotiations on Forest City's plan to purchase and develop the former Stapleton airport. This is the second extension in the negotiations.
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Former Elitch Gardens development under way
Denver Post, October 3

DENVER – A development on the 27 acres of the old Elitch Gardens amusement park is going up. The project, called Highlands Garden Village and developed by Perry/Affordable Housing, includes 60 single-family homes, 70 townhomes, 160 apartments and 90,000 sf of office and retail space.
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Spieker Properties signs two major leases in Santa Monica
Los Angeles Business Journal, October 4

SANTA MONICA, Calif. – Spieker Properties has signed three major leases at the 130,000-sf, two-building Arboretum Courtyard, bringing the occupancy rate of the Santa Monica building to 93 percent. The e-commerce division of IBM Corp. leased 50,000 sf in a seven-year deal worth $14 million. The Internet-related firm known as eCompanies leased 43,000 sf in a six-year deal worth $5.3 million. Bill Ukropina and Neil Resnick of CB Richard Ellis represented the IBM in lease negotiations, while Tony Balbona and Matthew Miller of Cresa Partners represented eCompanies. Spieker was represented in both transactions by in-house leasing agent Gail Goldstein, along with Chris Houge and Rick Buckley of CB Richard Ellis.

Equity Office Leases Space in Pasadena
Los Angeles Business Journal, October 4

PASADENA, Calif. – Regus Business Centres, an English firm which leases out furnished office suites to small tenants, has leased 24,000 sf at the Pasadena Towers, 800 Colorado Boulevard. The 10-year deal is worth about $7.5 million. Whitley Collins and Kent Handleman of CB Richard Ellis represented the tenant, while Shaun Stiles and Hayden Eaves of Cushman & Wakefield represented the landlord, Equity Office Properties Trust.

City of Downey Shortlists Three Developers for NASA Site
Los Angeles Business Journal, October 4

DOWNEY, Calif. – The Downey City Council has short-listed three developers to build a 2.2 million sf, mixed-use project on a site owned by NASA. The firms are Ezralow Co.; a joint venture between Legacy Partners and Vestar Development Co.; and a joint venture between Industrial Realty Group and Lennar Partners. A decision is expected in November.

Editor's Note: VertiNews.com provides links to full stories where available.


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“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:

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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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