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

General

Lightstone Hires Eugene Rozovsky to Lead Debt Platform

Thursday, 21 February 2019

San Francisco Office Building Selling for $191.5Mln

Thursday, 21 February 2019

BKM Buys Denver Industrial Campus for $24.3Mln

Thursday, 21 February 2019

Capital One Lends $120Mln Against Office Space at Manhattan's 855 Sixth Ave.

Thursday, 21 February 2019

Rubenstein Sells 5.3Mln-SF Industrial Portfolio for $197Mln

Thursday, 21 February 2019

Apartment Property in St. Petersburg, Fla., Sells for $48.9Mln

Thursday, 21 February 2019

MetLife Lends $140Mln Against Manhattan's 470 Park Ave. South

Thursday, 21 February 2019

Western National Sells Long Beach, Calif., Multifamily Property for $72Mln

Wednesday, 20 February 2019

Inland Residential Selling Final 2 Apartment Properties for $87.5Mln

Wednesday, 20 February 2019

Paramount Group Raises $167Mln for Latest Debt Fund

Wednesday, 20 February 2019

366-Unit Apartment Property in Suburban Washington, D.C., Sells for $43.6Mln

Wednesday, 20 February 2019

Castle Lanterra Sells Tuscaloosa, Ala., Apartment Complex for $20.7Mln

Wednesday, 20 February 2019

Ramsfield Bought CMBS Loan Against Leasehold Interest in Manhattan's 390 Park

Wednesday, 20 February 2019

Brookfield Lends $284Mln Against Buildings in Atlanta's Piedmont Center

Wednesday, 20 February 2019

Host Hotels Pays $610Mln for 1 Hotel South Beach in Miami

Tuesday, 19 February 2019

INITIAL PRICING: JPMorgan Chase Commercial Mortgage Securities Corp., 2019-COR4

Tuesday, 19 February 2019

AIG Lends $280Mln Against Brooklyn, N.Y., Office and Retail Property

Tuesday, 19 February 2019

Fort Lauderdale, Fla., Business Park Sells for $29.25Mln

Tuesday, 19 February 2019

Inland Real Estate Income Trust Prepped for Liquidity Event

Tuesday, 19 February 2019

Paramount Completes San Francisco Office Buy; Sells Stake, Gets Mortgage

Friday, 15 February 2019

Torchlight Moves to Sell Industrial Buildings Backing Soured $80.7Mln CMBS Loan

Friday, 15 February 2019

Pebblebrook Sells Washington, D.C., Hotel for $111Mln

Friday, 15 February 2019

Growth in Hot U.S. Hotel Sector Seen Slowing This Year and Next

Friday, 15 February 2019

Invesco Pays $150Mln for Boston Apartment Property

Friday, 15 February 2019

Investor Buys Vacant Orlando-Area Apartments for $43Mln

Friday, 15 February 2019

Eastdil's Doug Middleton Moves to CBRE

Friday, 15 February 2019

Suburban Atlanta Shopping Center Trades for $44.4Mln

Friday, 15 February 2019

Somera Road Was Buyer of Loan Against Allentown, Pa., Office

Thursday, 14 February 2019

Good News for CMBS Trust Holding Defaulted Loan: Collateral Sells for Premium

Thursday, 14 February 2019

Amazon Backs Out of Planned Alternate HQ in Queens, N.Y.

Thursday, 14 February 2019

INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC38

Thursday, 14 February 2019

TruAmerica Buys Orlando, Fla., Apartments for $64Mln

Wednesday, 13 February 2019

Aaron Hill Named CEO of Bixby Land Co.

Wednesday, 13 February 2019

Terreno Pays $24Mln for Queens, N.Y., Industrial Property

Wednesday, 13 February 2019

COPT Plans $300Mln of Developments in 2019

Wednesday, 13 February 2019

UDR Paying $132.3Mln for Brooklyn, N.Y., Apartment Property

Wednesday, 13 February 2019

FCP Pays $29.5Mln for Suburban Atlanta Apartment Property

Tuesday, 12 February 2019

34 Industrial, Flex Buildings in Suburban D.C. Sold for $198.5Mln

Tuesday, 12 February 2019

Accordia Realty Obtains $27Mln Loan to Buy Out Partner in N.J. Office Building

Tuesday, 12 February 2019

Fremont, Calif., Mixed-Use Development Sold for $240Mln

Tuesday, 12 February 2019

Developer Lines Up $63Mln Construction Loan for Hollywood, Calif., Hotel

Tuesday, 12 February 2019

Black Creek Group Hires Chris Westcott as Senior VP to Lead Multifamily Expansion

Tuesday, 12 February 2019

PGIM Writes Record $18.1Bln of Commercial Mortgages in 2018

Tuesday, 12 February 2019

State Farm Lends $31.1Mln Against Pompano Beach, Fla., Business Park

Monday, 11 February 2019

Lionstone-Led Venture Buys 4 San Diego Office Buildings for $76.8Mln

Monday, 11 February 2019

Citibank Lends $187Mln Against Queens, N.Y., Apartment Property

Monday, 11 February 2019
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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

 

 

 

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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