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  • Parkway Places Atlanta's Two Ravinia Office Building on Sales Market

    Parkway Properties Inc. has hired Cushman & Wakefield to market for sale Two Ravinia Drive, a 407,854-square-foot office property in Atlanta's Central Perimeter. The property, near the junction of Interstate 285 and Ashford Dunwoody Road NE, could sell for $75 million, or about $184/sf.

    Written on Friday, 23 January 2015 13:38
  • NGKF Eyes Opportunities for Capital Placement Through EB-5


    NGKF Capital Markets has entered the EB-5 space and is aiming to help developers that have targeted the market raise debt and equity capital. While it doesn't operate a regional center yet, it has the capacity to raise equity from investors seeking visas through the program. It also is pitching its ability to raise debt financing for projects capitalized through the program.


    Written on Friday, 23 January 2015 13:03
  • Investors Real Estate Puts Its Office, Retail Properties on Sales Block

    The Minot, N.D., REIT has put its 50 office and 24 retail properties on the sales block through CBRE as part of a plan to reposition itself as an owner and developer of apartment and healthcare properties. The company's depreciated cost basis in the properties it aims to sell is $338.9 million. It's not, however, selling the properties that back a troubled $122.6 million CMBS loan. Those likely will be turned over to the CMBS trust.

    Written on Friday, 23 January 2015 09:42
  • Cornerstone Lends $210Mln Against Chicago Office Property

    Cornerstone Real Estate Advisers has provided a $210 million loan against Michigan Plaza, a 1.9 million-square-foot office property in downtown Chicago. The 15-year loan, which was originated in late December, was used to defease, or replace with government securities, a $170.3 million mortgage that was securitized through Morgan Stanley Capital I Trust, 2011-C1.

    Written on Thursday, 22 January 2015 18:28
  • Real Estate Crowdfunding Platforms So Far Have Raised $54.55Mln

    A total of 46 crowdfunding platforms marketing real estate investments have been launched since September 2013, raising a total of $54.55 million, or an average of $1.2 million each. Real estate is by far the most popular industry in the crowdfunding sector, according to Crowdnetic Corp.

    Written on Thursday, 22 January 2015 18:09
  • Hard-Money Lender Taps Crowdfunding to Market Debt Fund

    After tapping into the crowdfunding market to raise $3 million of the roughly $90 million it raised for its first commercial property debt investment fund, Pyatt Broadmark Management is returning to that market to raise some of the equity for its second such vehicle. The Seattle hard-money lender is relying on the RealCrowd platform to raise equity from accredited investors at $25,000 per clip.

    Written on Wednesday, 21 January 2015 11:54
  • Voya Lends $140Mln Against Suburban Miami Retail Property

    Voya Investment Management has provided $140 million of financing against Palm Springs Mile, a 1.2 million-square-foot retail complex in the Miami suburb of Hialeah, Fla. The loan, with a debt yield of 10.9 percent, was used to pay off a $91.2 million loan that was securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2005-CIBC11.

    Written on Tuesday, 20 January 2015 16:11
  • Single-Property REIT Planned for Purchase of Stake in Boston Office

    After failing in its first attempt to launch a single-asset REIT, Etre Asset Management is preparing another that would fund the purchase of a stake in Boston's 1 million-square-foot State Street Financial Center. Its purchase is said to value the property at up to $1.1 billion.

    Written on Friday, 16 January 2015 16:44
  • Once-Troubled Manhattan Office Gets $140Mln Loan from Deutsche

    Bank has provided $140 million of floating-rate financing against 119 West 40th St., a 304,345-square-foot office building in Manhattan that Blackstone Real Estate Advisors recently purchased from CWCapital Asset Management, which had taken it by foreclosing against a soured $160 million CMBS loan.

    Written on Friday, 16 January 2015 15:47
  • MetLife Lends $290Mln Against Denver's Wells Fargo Center

    Metropolitan Life Insurance Co. has provided $290 million of floating-rate financing against the Wells Fargo Center, with 1.2 million square feet at 1700 Lincoln St. in Denver. The financing takes out $276 million of CMBS debt that was securitized through two transactions. That debt became open to prepay without penalty just last week.

    Written on Friday, 16 January 2015 09:29

Data Digest







Top Bookrunners
Private-Label CMBS - 9Mos2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 26.0 19,675.34 29.5
JPMorgan 12.1 8,678.41 13.0
Wells Fargo 15.1 8,504.57 12.8
Goldman Sachs 7.0 5,740.15 8.6
Citigroup 9.3 5,337.91 8.0





cppichart FP





Top Loan Contributors
Private-Label CMBS 9Mos2014
Lender Vol $mln MktShr%
Deutsche Bank 11,647.54 17.75
JPMorgan 7,496.78 11.42
Wells Fargo 4,540.31 6.92
CCRE 4,474.33 6.82
Morgan Stanley 4,312.62 6.57



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