GREENWOOD VILLAGE, CO-Stock of locally-based Chateau Communities, as well as Manufactured Home Communities and Sun Communities, are downgraded from a buy to a hold by Stuart Seeley and Kevin O'Shea of UBS Warburg LLC.

DENVER-Steve O'Dell, a top broker specializing in land for multifamily developments, has joined the recently formed apartment brokerage firm Apartment Realty Advisors.

DENVER-Decrease in revenue from operations in San Francisco, Chicago, Seattle and Boston drag down earnings for one of the largest US multifamily rental REITs. Curing mold problems in a Southeast Florida high-rise also hurts the bottom line.

DENVER-Only 16 leases have been signed in the submarket through September, report Grubb & Ellis industrial brokers Murray Platt, Doug Viseur and Todd Witty, down from 35 in 2001 and 39 in 2000.

LONDON-Distribution property specialist ProLogis has entered the Czech market with the purchase of the D1 Logistics Park on the outskirts of Prague. The park already provides 870,000 sf of warehousing, with potential for another 860,000 sf.

DENVER-Some office buildings in the northwest submarket, such as recently-completed 390 Interlocken, remain entirely empty, notes a third-quarter report by Denver's Julien J. Studley office. No signs of recovery are seen there or in the southeast submarket, according to the tenant rep specialists.

DENVER-Developers Peter Culshaw and David Friedman are happy to get $13.5 million from the Rreef Fund for the 86,000-sf Third Maroon Circle office building in Douglas County they developed less than two years ago.

DENVER-A new lobby at MCI Tower with imported granite walls and floors are the first noticeable results of a $2-million renovation there. Next door, Marriott City has undergone an $8-million overhaul.