Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Recent Headlines

Top News

  • GE Lends $182.5Mln Against Boston Office Building

    GE Capital Real Estate, which is aiming to increase originations this year by 30 percent, has provided $182.5 million of floating-rate financing against 100 High St., a 546,336-square-foot office building in Boston that was recently purchased by CBRE Global Investors for $282.5 million, or roughly $517/sf.

    Written on Wednesday, 01 October 2014 17:08 Read more...
  • LBA-Principal Venture Offers L.A. Office Building for Sale

    A venture of investment managers LBA Realty and Principal Real Estate Investors is in the market to sell the 566,434-square-foot office building at 550 South Hope St. in downtown Los Angeles. Eastdil Secured has the listing, which is expected to fetch at least $350/sf, or about $195 million.

    Written on Wednesday, 01 October 2014 16:56 Read more...
  • Philly's 1601 Market Hits Sales Block

    APF Properties is offering for sale 1601 Market St., a 685,852-square-foot office building in downtown Philadelphia. The New York company has hired Eastdil Secured to market the property, which it purchased for $98 million in 2008 from a venture of Transwestern and Blackstone Group.

    Written on Tuesday, 30 September 2014 16:49 Read more...
  • Arden Realty Lists San Francisco Office Complex for Sale

    Arden Realty Inc. is in the market to sell the 293,348-square-foot office component of downtown San Francisco's Golden Gateway Commons mixed-use complex. The three buildings are expected to fetch a total of about $178 million, or $600/sf. Eastdil Secured has the listing.

    Written on Tuesday, 30 September 2014 16:10 Read more...
  • Berkshire Offers for Sale Suburban Washington, D.C., Apartment Property

    Berkshire Property Advisors is offering for sale the Enclave, a 1,119-unit apartment property in the Washington, D.C., suburb of Silver Spring, Md., and has tapped JLL to market it.

    Written on Monday, 29 September 2014 16:54 Read more...
  • Inland Mortgage Moves Back into Bridge-Lending Business

    The Oak Brook, Ill., lender, a unit of investment manager Inland Real Estate Group, has launched a unit that will focus on providing bridge loans against properties that it classifies as being on the smaller end of the middle market. It's hired two seasoned lending executives to oversee the effort.

    Written on Friday, 26 September 2014 16:18 Read more...
  • $45Bln of Conduit Loans Since 2010 Written on Pro Forma Basis

    A total of roughly $45 billion, or about 30 percent of the conduit loans that have been securitized since the end of 2010 were underwritten on a pro forma basis, according to research by Nomura Securities. Such loans, the investment bank found, often don't perform up to expectations and have a greater probability of ending up on servicer watchlists.

    Written on Friday, 26 September 2014 14:35 Read more...
  • Cornerstone Lends $150Mln Against Manhattan Office Building

    Cornerstone Real Estate Advisers has provided $150 million of mortgage financing against 1370 Avenue of the Americas, a 343,261-square-foot office building in midtown Manhattan. The 10-year-loan replaces a like amount of CMBS debt that was securitized through MSC 2005-HQ5 and GCCFC 2005-GG3.

    Written on Thursday, 25 September 2014 16:12 Read more...
  • Broadway Partners Offers Boston Office Building for Sale

    Broadway Partners is offering for sale 116 Huntington Ave., a 274,218-square-foot office building in the Back Bay section of Boston. The Greenwich, Conn., investment manager has hired HFF to market the property, which could sell for $140 million, or roughly $511/sf. The sales price would result in a capitalization rate of about 4.8 percent.

    Written on Thursday, 25 September 2014 14:27 Read more...
  • TIAA-CREF Offers for Sale Pair of Atlanta Office Buildings

    TIAA-CREF is offering for sale two adjacent office buildings with 706,143 square feet in Atlanta's Buckhead submarket. The buildings are the Pinnacle, with 427,000 sf at 3455 Peachtree Road NE, and Two Live Oak, with 279,143 sf at 3445 Peachtree Road NE. The buildings are being offered through Cushman & Wakefield and should sell for more than $220 million.

    Written on Wednesday, 24 September 2014 16:05 Read more...

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

Top Bookrunners
Private-Label CMBS - 1H2014
I Bank #Deals Bal $mln MktShr%
Deutsche Bank 16.0 12,761.50 32.4
JPMorgan 6.1 4,856.29 12.4
Wells Fargo 8.1 4,790.00 12.2
Citigroup 4.3 3,750.00 9.5
Goldman Sachs 4.0 3,722.62 9.5

 

 

MOODY'S/RCA CPPI

 

cppichart FP

 

 

CMBS 2.0/3.0 SPREADS

AAAspreadsFP

 

Top Loan Contributors
Private-Label CMBS 1H2014
Lender Vol $mln MktShr%
Deutsche Bank 8,118.01 20.87
JPMorgan 4,486.83 11.53
CCRE 3,064.41 7.88
Citigroup 2,779.70 7.15
Goldman Sachs 2,604.85 6.7

 

 

Receive daily updates on major news, trends and events occurring in the CRE market nationwide.


 

REITCafe

  • Strong August REIT Performance
    Fueled by a healthy economic outlook, improving real estate market fundamentals, and ongoing low interest rates, REITs experienced strong growth in August. The 3.38 percent monthly gain in the FTSE NAREIT all REIT Index was not as strong as the NASDAQ (4.82 percent) or the S&P 500 (4.00 percent) and only...
     
  • REITs Set to Emerge in India in 2015
    After more than five years, India is poised to become the latest country to offer REITs. The process that began in 2008, but was derailed by the financial crisis, should reach fruition in 2015. In July, India’s Finance Minister awarded tax pass-through status to REITs, exempting them from federal taxes as...

  • The Debut of Telecom REITs
    Telecommunications network assets are the latest specialized REIT category to make industry waves. In late July, Arkansas-based Windstream (WIN) received a private letter ruling from the IRS for its plan to create a REIT that will own its fiber optic and copper cables, as well as other fixed real estate assets...

TreppLoan-300px-250px

CenterBenchmarks-for-CRED-Web-300x600

warehouse-backstage