Downtown Denver’s 1801 Caifornia Street office tower, former headquarters of Qwest Communications International, is under contract to Brookfield Asset Management Inc. The skyscraper is now home to local offices of CenturyLink Inc. which bought Qwest in April. Previously, 28-year old 1801 California was the longtime head-quarters of Qwest’s telecom predecessor, US West Inc. A Brookfield…
In its two-year study, Fitch Ratings analyzed the performance of 21,334 commercial properties from 2008 to 2010, which secure its current $270.4 billion fixed-rate CMBS portfolio. Just over one-third of the portfolio is secured by office, another 33% by retail, 14% multifamily, 7% hotel, 6% industrial/warehouse, and 6% other property types. Hotels have seen the…
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