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

General

CBRE Renames Vacant Portland, Ore., Office Building After $76.6Mln Purchase

Monday, 25 March 2019

Dallas Apartment Property with 372 Units Selling for $53.1Mln

Monday, 25 March 2019

Nuveen Lends $330Mln Against Brooklyn, N.Y., Apartment Building

Monday, 25 March 2019

Trez Forman Lends $20.7Mln for Construction of Miami Residential Condos

Monday, 25 March 2019

InvenTrust Pays $63.5Mln for 2 Suburban Orlando, Fla., Shopping Centers

Friday, 22 March 2019

Investors Management Gets $31.2Mln Loan for Charlotte, N.C., Apartments

Friday, 22 March 2019

Freddie Mac Loan on Pa. Apartments Sees Drop in Cash Flow, Transfers to Special Servicing

Friday, 22 March 2019

INITIAL PRICING: Benchmark Mortgage Trust, 2019-B10

Friday, 22 March 2019

Phillips Edison Names Devin Murphy President, John Caulfield CFO

Friday, 22 March 2019

Madison Capital Gets $39.2Mln Loan for Lexington, Ky., Hotel

Friday, 22 March 2019

Inland Sells 2 Denver Apartment Properties for $21.85Mln

Friday, 22 March 2019

INITIAL PRICING: BANK 2019-BNK17

Friday, 22 March 2019

Natixis Lends $384Mln Against San Francisco Apartments

Thursday, 21 March 2019

Suburban Boston Apartment Property Sells for $128.5Mln

Thursday, 21 March 2019

Donald Miller, Chief Executive of Piedmont Office, Retiring; President C. Brent Smith to Assume Duties

Thursday, 21 March 2019

Apartment Specialist Universe Holdings Hires Jonathan Cohen to Oversee Expansion

Thursday, 21 March 2019

Arrowmark Partners Hires Rob Brown to Build Out Middle-Market Lending Platform

Thursday, 21 March 2019

CCA Buys Utah Retail Center for $48.2Mln

Thursday, 21 March 2019

Salt Lake City-Area Apartments Get $28.6Mln Freddie Mac Loan

Wednesday, 20 March 2019

Apple Hospitality Pays $20.7Mln for Orlando, Fla., Hotel

Wednesday, 20 March 2019

PCCP Partnered With CalSTRS on San Francisco Office Buy

Wednesday, 20 March 2019

Eastdil's Mark Dymek Joins Grossman Co. to Oversee Acquisitions, Financing

Wednesday, 20 March 2019

Driftwood Buys San Diego Marriott Hotel for $85.7Mln

Wednesday, 20 March 2019

Loan Against Philadelphia Mills Moves Back to Special Servicing as Maturity Nears

Wednesday, 20 March 2019

BioMed Pays $135Mln for Bay Area Office

Wednesday, 20 March 2019

New York Life Lends $94.1Mln for San Mateo, Calif., Office

Wednesday, 20 March 2019

CMBS Deal Takes $149.7Mln Loss from Sale of Independence Mall

Wednesday, 20 March 2019

Walden Group Pays $106.7Mln for 18 Apartment Properties in Southeastern U.S.

Tuesday, 19 March 2019

Morgan Properties Gets $688Mln of Fannie Mae Financing for Big Portfolio Buy

Tuesday, 19 March 2019

Troubled CMBS Loan Against Chicago-Area Mall Seen Getting Term Extension

Tuesday, 19 March 2019

Liberty Property Pays $51.8Mln for 2 New Jersey Industrial Buildings

Tuesday, 19 March 2019

Georgetown Pays $70Mln for Washington, D.C., Office Building

Tuesday, 19 March 2019

CrowdStreet Raises $47Mln of Equity for Sponsors in February

Tuesday, 19 March 2019

Suburban Hartford, Conn., Apartment Property Trades for $24Mln

Monday, 18 March 2019

Troubled CMBS Loan Against Military Housing Gets Amortization Reprieve

Monday, 18 March 2019

Commercial Mortgage Universe Grows by 6.8 Percent to $3.39 Trillion in 2018

Monday, 18 March 2019

Citizens Bank Lends $91Mln Against Manhattan Office Building

Monday, 18 March 2019

Austin, Texas, Student-Housing Sells for $119.55Mln

Monday, 18 March 2019

Oak Coast, BMC Buy 3 Denver Apartment Properties for $177Mln

Friday, 15 March 2019

Owner of Colonnade Office Complex Faced Hefty Defeasance Costs

Friday, 15 March 2019

Starwood REIT Venture Pays $61.9Mln for South Florida Hotel

Friday, 15 March 2019

Treehouse Buys Las Vegas Cannabis Dispensary, California Greenhouse for $33.5Mln

Friday, 15 March 2019

CMBS Loan Against Hartford's State House Square Moves Back to C-III

Friday, 15 March 2019

Square Mile Invested $260Mln in One Chicago Square Project

Friday, 15 March 2019

Morgan Stanley Lends $215Mln for Queens, N.Y., Apartments

Friday, 15 March 2019

Sovereign Partners Pays $66Mln for Northern N.J. Offices

Friday, 15 March 2019

SoCal Shopping Center with 92,169 SF Sells for $24.9Mln

Thursday, 14 March 2019

Kathleen Smalley, Phillip Hosp Join Foley & Lardner

Thursday, 14 March 2019

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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