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

General

SL Green Paying $90Mln for Manhattan's 603 West 50th St. Office Building

Thursday, 17 October 2019

Avison Young Hires Michael Longi as Principal at Las Vegas Office

Thursday, 17 October 2019

Harbor Associates, Taconic Pay $41.7Mln for 5 Offices in Calif.'s Inland Empire

Thursday, 17 October 2019

Preferred Apartment Names Joel T. Murphy Chief Executive

Thursday, 17 October 2019

357-Unit Apartment Property in Phoenix Sells for $30.05Mln

Wednesday, 16 October 2019

Marriott Pays $205.5Mln for Manhattan Hotel

Wednesday, 16 October 2019

Bridge Investment Buys Phoenix Office Campus for $85.75Mln

Wednesday, 16 October 2019

Venture Gets $87.5Mln Loan from Barclays for Brooklyn, N.Y., Shopping Center

Wednesday, 16 October 2019

Southern Calif. Office Sells for $59Mln

Wednesday, 16 October 2019

CMBS Loan Against Miami's Southland Mall Gets Term Extension

Wednesday, 16 October 2019

Blackstone Real Estate Income to Buy Stake in Vegas' Bellagio Resort in $4.25Bln Deal

Tuesday, 15 October 2019

Rockpoint Paying $411.5Mln for 2 Suburban Boston Apartment Properties

Tuesday, 15 October 2019

Office Building Near LAX Sells for $45Mln

Tuesday, 15 October 2019

Retail-Property Sales Veteran Jim Koury Joins Marcus & Millichap

Tuesday, 15 October 2019

Troubled Fla. Shopping Mall Being Brought to Sales Market to Resolve CMBS Loan

Tuesday, 15 October 2019

LNR Takes Riverside, Calif., Retail Property in Foreclosure of CMBS Loan

Tuesday, 15 October 2019

Stockbridge Pays $103.8Mln for San Jose, Calif., Apartments

Friday, 11 October 2019

Carr Properties Secures $525Mln of Financing Against Washington, D.C., Office Property

Friday, 11 October 2019

Demand for Manhattan Office Space Expected to Remain Strong Despite WeWork Pullback

Friday, 11 October 2019

Apartment Complex in Kent, Wash., Sold for $34.5Mln

Friday, 11 October 2019

Suburban Atlanta Shopping Mall Back on Sales Block

Friday, 11 October 2019

Chicago's Kimpton Palomar Hotel Sells for $55Mln

Friday, 11 October 2019

Suburban Boston Apartment Property Selling for $59.6Mln

Thursday, 10 October 2019

Monmouth Pays $81.5Mln for Indianapolis-Area Warehouse Leased to Amazon

Thursday, 10 October 2019

Virtus Buys San Diego Office Campus for $19.9Mln

Thursday, 10 October 2019

Largest CMBS Deal in 2.0 Era Prices

Thursday, 10 October 2019

Cushman Names Toby Dodd President of New York/Tri-State Region

Thursday, 10 October 2019

CIM Funds $73Mln Construction Loan for High-End Condo Project in Delray Beach, Fla.

Wednesday, 09 October 2019

FCP Buys Suburban Atlanta Apartments for $19Mln

Wednesday, 09 October 2019

San Marcos, Calif., Shopping Center Sold for $19.25Mln

Wednesday, 09 October 2019

NorthMarq Writes $51.9Mln Freddie Loan Against Brooklyn, N.Y., Apartments

Wednesday, 09 October 2019

Affiliate of Stanley Kroenke Buys Texas Retail Center for $28Mln

Wednesday, 09 October 2019

Buyer of Suburban Philadelphia Office Gets $37.9Mln Loan from Ladder Capital

Wednesday, 09 October 2019

Pebblebrook Selling D.C.'s Kimpton Topaz Hotel for $33Mln

Wednesday, 09 October 2019

Apartment Complex in Flagstaff, Ariz., Sold for $21.35Mln

Tuesday, 08 October 2019

Central New Jersey Offices Sell for $84.7Mln

Tuesday, 08 October 2019

South Korean Hotel Developer Buys 2 Manhattan Properties from Chesapeake Lodging

Tuesday, 08 October 2019

Avison Young Spreads Its Wings in San Diego, Buys McKinney Advisory

Tuesday, 08 October 2019

Transwestern Hires 2 Industrial Property Vets in Houston

Tuesday, 08 October 2019

Venture Pays $71.1Mln for Suburban Washington, D.C., Office Building

Tuesday, 08 October 2019

Marcus & Millichap Adds Business Development Pro in Calif.

Tuesday, 08 October 2019

Pebblebrook Sells Washington, D.C., Hotel for $23.3Mln

Tuesday, 08 October 2019

CMBS Special Servicing Volume Continues Downward Trend

Monday, 07 October 2019

Rexford Buys 3 SoCal Industrial Properties for $76Mln

Monday, 07 October 2019

Nuveen Buys $3Bln Industrial Portfolio from Blackstone

Monday, 07 October 2019

Starwood Lends $52Mln Against Brooklyn, N.Y., Apartment Property

Monday, 07 October 2019

Luzzatto Gets $37.2Mln Loan to Buy, Redevelop Los Angeles Warehouse

Monday, 07 October 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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