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

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  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • $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
  • 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
  • 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
  • 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

Data Digest







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





cppichart FP






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



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