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

General

Acadia Fund Pays $107Mln for 2 Shopping Centers in Alabama, Michigan

Thursday, 22 February 2018

Driftwood Lines Up $48Mln Loan for Westin Tysons Corner Purchase

Thursday, 22 February 2018

Grandbridge Hires James Fowler as Co-Head of Newport Beach, Calif., Office

Thursday, 22 February 2018

Property Prices Keep Climbing Despite Slowdown in Sales Activity

Thursday, 22 February 2018

Apartment Property in Columbus, Ohio, Fetches $36.8Mln

Thursday, 22 February 2018

Vacancies Push Down Conn. Office Building's Appraised Value

Thursday, 22 February 2018

Phoenix Office Complex Sells for $34.25Mln

Thursday, 22 February 2018

Rubenstein Adds Investor Relations Expert Ferhat Guven

Thursday, 22 February 2018

Central Fla. Shopping Mall on Sales Block

Thursday, 22 February 2018

Winthrop to Sell Times Square Hotel Development for $1.53Bln

Thursday, 22 February 2018

Suburban Boise, Idaho, Retail Center Trades for $78.7Mln

Wednesday, 21 February 2018

AXA Is Bixby Land's Partner in Industrial Investment Effort

Wednesday, 21 February 2018

HFF Arranges $31.5Mln of Preferred Equity, Debt for N.C. Apartments

Wednesday, 21 February 2018

Mission Capital Forms Venture with London Property Adviser

Wednesday, 21 February 2018

TruAmerica Was Buyer of Calif. Apartment Property

Wednesday, 21 February 2018

Thor Equities Pays $41.8Mln for Philadelphia Office Space

Wednesday, 21 February 2018

Kohan Buys Another Troubled Mall; Pays $8.8Mln for Prescott Gateway

Wednesday, 21 February 2018

Los Angeles-Area Offices Sell for $27.75Mln

Wednesday, 21 February 2018

Suburban Los Angeles Office Property Trades for $47Mln

Tuesday, 20 February 2018

Hertz Investment Pays $70.5Mln for Houston Offices

Tuesday, 20 February 2018

Terra Capital Lines Up Partner to Broaden Offerings, Investor Reach

Tuesday, 20 February 2018

Ventura, Calif., Apartments Sell for $74Mln

Tuesday, 20 February 2018

Driftwood-Led Venture Buys Westin Tysons Corner Hotel for $61.4Mln

Tuesday, 20 February 2018

InPoint Commercial Lands Repo Facility from Credit Suisse

Friday, 16 February 2018

Chesapeake Square Mall Sells; CMBS Deal Takes $51.1Mln Hit

Friday, 16 February 2018

CWCapital to Take Mall of Acadiana Through Foreclosure

Friday, 16 February 2018

ASB Selling Large Dallas Data Center to Equinix for $800Mln

Friday, 16 February 2018

KBS Legacy Sells 2 Apartment Properties for $110.9Mln

Thursday, 15 February 2018

New York Life Lends $42Mln Against Boston Office

Thursday, 15 February 2018

Los Angeles-Area Retail Center Trades for $123Mln

Thursday, 15 February 2018

American Real Estate Confirms Philadelphia Office Buy

Thursday, 15 February 2018

INITIAL PRICING: UBS Commercial Mortgage Securitization Corp., 2018-C8

Thursday, 15 February 2018

Tier REIT Sells Baltimore Office Property for $60Mln

Wednesday, 14 February 2018

3 Suburban Chicago Warehouses Sold for $151Mln

Wednesday, 14 February 2018

335-Unit Multifamily Property in Chandler, Ariz., Trades for $84Mln

Wednesday, 14 February 2018

Rick Putnam Joins Kidder Mathews

Wednesday, 14 February 2018

StarPoint Names Lonnie Vidaurri Head of Investments, Capital Markets

Tuesday, 13 February 2018

Shopping Center in San Diego Trades for $81.6Mln

Tuesday, 13 February 2018

Brian Grow Named President of Morningstar Credit Ratings

Tuesday, 13 February 2018

Suburban Denver Apartment Property Trades for $60.25Mln

Monday, 12 February 2018

Value of Dallas-Area Office Building Backing CMBS Debt Takes Big Hit

Monday, 12 February 2018

Urban Visions Secures $82Mln of Financing Against Creative Office Space in Seattle

Monday, 12 February 2018
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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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