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  • Co-Working Operators Account for 47.8Mln SF of Office Space in U.S. Markets

    Co-working space operators, such as WeWork Cos. and the granddaddy of the industry, International Workplace Group, account for 47.8 million square feet of office space across the country in markets that Cushman & Wakefield tracks. While that's an impressive number, it amounts to just less than 1 percent of the 5 billion sf in those markets.

    Written on Wednesday, 19 September 2018 10:41 Read more...
  • MetLife Lends $50Mln Against Hyatt Centric Hotel in Washington, D.C., Area

    MetLife Real Estate Lending has provided $50 million of permanent financing against the 318-room Hyatt Centric Arlington hotel in the Washington, D.C., suburb of Arlington, Va. The loan was used to refinance debt that Fifth Third Bank had provided last year.

    Written on Tuesday, 18 September 2018 16:43 Read more...
  • ACORE Writes $96.5Mln Loan on Md. Office; Sees $5Bln of Originations This Year

    ACORE Capital has provided $96.5 million of financing against One Discovery Place, a soon-to-be vacated office building in the Washington, D.C., suburb of Silver Spring, Md. The loan funded the property's acquisition and planned redevelopment. It's the latest loan in what ACORE expects will be $5 billion of originations this year.

    Written on Monday, 17 September 2018 16:24 Read more...
  • Sears' Departure from S.C. Mall Puts CMBS Loan at Risk

    The $34.2 million CMBS loan against the Westgate Mall in Spartanburg, S.C., faces a greater risk of default as a result of the closure of its Sears anchor store. The loan is securitized through UBS-Barclays Commercial Mortgage Trust, 2012-C2. It hasn't missed any scheduled payments, isn't in special servicing and isn't on any servicer watchlist. But it's losing its Sears store, which takes up a large anchor space.

    Written on Friday, 14 September 2018 11:11 Read more...

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

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REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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