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

General

Venture Paying $75Mln for 2 San Francisco Office Buildings

Friday, 16 August 2019

Portfolio of 6 Atlanta Office Buildings Sell for $33.2Mln

Friday, 16 August 2019

Suburban Seattle Office Complex Sells for $39Mln

Friday, 16 August 2019

GEM Realty Buys Asheville, N.C., Apartments for $71.5Mln

Friday, 16 August 2019

Sale of Sierra Vista Mall Results in 49 Percent Loss

Friday, 16 August 2019

Pebblebrook Sells Los Angeles Hotel for $72.9Mln

Friday, 16 August 2019

USAA-Led Venture Pays $181Mln for Washington, D.C., Office Complex

Thursday, 15 August 2019

Developer Secures $20Mln Mortgage Against Suburban Denver Retail Center

Thursday, 15 August 2019

MG Properties Obtains $84.9Mln of Acquisition Financing for L.A.-Area Apartments

Thursday, 15 August 2019

Retail Sales Specialist Brad Nathanson Re-Joins Marcus & Millichap

Thursday, 15 August 2019

Grandbridge Writes $88.4Mln Freddie Mac Loan Against Neb. Apartments

Thursday, 15 August 2019

Washington REIT Buys Alexandria, Va., Apartments for $70Mln

Wednesday, 14 August 2019

Kidder Mathews Adds Bret Isbell as Senior VP in Phoenix

Wednesday, 14 August 2019

Community Preservation Adds Jeffrey Taylor as Director of Acquisition Finance

Wednesday, 14 August 2019

2 Southern California Apartment Properties Fetch $139.5Mln

Wednesday, 14 August 2019

Menlo Equities Acquires Suburban Boston Mixed-Use Building for $33.25Mln

Wednesday, 14 August 2019

CMBS Loan Against Crimson Tide Student-Housing Property Goes to Special Servicer

Wednesday, 14 August 2019

CBL Sells 25 Percent Stake in Outlet Shoppes at El Paso to JV Partner

Wednesday, 14 August 2019

Taurus Investment Pays $59Mln for Tampa, Fla., Apartments

Wednesday, 14 August 2019

Aegon Raises $151Mln for LIHTC Fund

Wednesday, 14 August 2019

MCA Realty Pays $42Mln for Multi-Tenant Industrial Complex in Las Vegas

Tuesday, 13 August 2019

ASB Pays $123.75Mln for Riverside, Calif., Industrial Building

Tuesday, 13 August 2019

Drawbridge Realty Pays $97.5Mln for Orange County, Calif., Office Complex

Tuesday, 13 August 2019

UDR, MetLife Apartment Venture Recapitalizing 15 Properties

Tuesday, 13 August 2019

Sonnenblick-Eichner Arranges $46Mln Loan for New Orleans' Maison Dupuy Hotel

Tuesday, 13 August 2019

TA Realty Buys Washington, D.C., Office Building for $43Mln

Tuesday, 13 August 2019

Aaron Appel, Formerly of JLL, Starts Own Firm

Tuesday, 13 August 2019

Appraised Value of Mall in Northeastern Pa. Gets Slashed by Three-Quarters

Tuesday, 13 August 2019

2 Little Rock, Ark., Apartment Properties Sell for $56.5Mln

Monday, 12 August 2019

CMBS Special Servicer Seen Taking Over McKinley Mall in Buffalo, N.Y.

Monday, 12 August 2019

Fitch Downgrades 1 Class of WFRBS 2014-C22 as Stamford Plaza Suffers

Monday, 12 August 2019

Capital Square Pays $80.5Mln for Va. Apartment Complex

Monday, 12 August 2019

BBVA Lends $27.5Mln to Recently Redeveloped Apartments in Philadelphia

Monday, 12 August 2019

Mesa West Lends $87.95Mln Against Industrial Property in Calif.'s Inland Empire

Monday, 12 August 2019

Tampa, Fla., Apartments Trade for $48Mln

Monday, 12 August 2019

INITIAL PRICING: CD, 2019-CD8

Monday, 12 August 2019

INITIAL PRICING: BBCMS Mortgage Trust, 2019-C4

Monday, 12 August 2019

DiamondRock Names Jeffrey Donnelly CFO

Friday, 09 August 2019

Mack-Cali Secures $340Mln of Financing Against 3 New Jersey Properties

Friday, 09 August 2019

M&T Bank Lends $66.9Mln Against Manhattan Hotel

Friday, 09 August 2019

Bridge Lenders Embrace Libor Floors as Rate Risk Mitigant

Friday, 09 August 2019

Big Drops in Collateral Appraised Values Prompt Kroll Downgrade of WFRBS 2014-C22

Friday, 09 August 2019

Medical-Office Building in Tarzana, Calif., Sold for $22Mln

Thursday, 08 August 2019

Apartment Development Site in Seattle Sold for $72Mln

Thursday, 08 August 2019

Venture Pays $139.85Mln for 2 Hotels, 1 Apartment Property in Miami Beach, Fla.

Thursday, 08 August 2019

378-Unit Apartment Property in Greenville, S.C., Sells for $47Mln

Thursday, 08 August 2019

Five Star Senior Living Names Margaret Wigglesworth COO, SVP

Thursday, 08 August 2019

First Financial Brings Follow-Up Offering of Ukraine Assets to Market

Thursday, 08 August 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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