DENVER-Analysts Stuart Seeley and Kevin O'Shea lower their outlook based on Apartment and Investment Management Co.'s 2003 guidance, as well as forecasts by peers. "We maintain our Buy rating," they add.

GOLDEN, CO-Wells Fargo sells the 78,314-sf building it took back from New Global Telecom, which went through Chapter 11 bankruptcy reorganization, for $5 million to Golden Opportunity Funds LLC. An 18-month lease-up is projected.

DENVER-The San Francisco-based industrial developer has a 294-acre site at the northwest corner of Interstate 70 and the E-470 toll road under contract. The deal is expected to close early this year, with the first building in the EastGate project completed in 2003.

DENVER-CB Richard Ellis brokers Steve Rahe and Craig Stack say that even with falling rents and rising vacancies, it makes sense to upgrade multifamily rental properties to keep tenants and lure new ones.

DENVER-After cracking $1 billion in 2001, sales volume falls to $886 million, reports Inverness Properties LLC principal Brad Neiman, who tracks $1-million-plus deals in the market. "Anything retail sold," Neiman tells GlobeSt.com.

DENVER-Even with a vacancy rate rise to 7.2%, the warehouse/distribution market here is faring better than the rest of the US, notes Cushman & Wakefield industrial broker Steve Hager, buoyed by consumer spending.

DENVER-"Denver's office market is still reeling from the implosion of the high-tech, telecommunications and financial services sectors that occurred in late 2001," according to a recent Grubb & Ellis report.

DENVER-Average occupancy is 2.6 percentage points off the 2001 pace through the first 11 months of the year, according to the Rocky Mountain Lodging Report prepared by Robert S. Benton & Associates. Room rates also are off.