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

General

SL Green to Sell Manhattan's 220 East 42nd St. for $815Mln

Wednesday, 02 October 2019

Strada, CalSTRS Venture to Develop $500Mln Oakland Apartment Project

Tuesday, 01 October 2019

Seller of Jacksonville, Fla., Offices Identified

Tuesday, 01 October 2019

Security Properties Buys Las Vegas Apartments for $80Mln

Tuesday, 01 October 2019

Retail Property in Central Florida Sells for $39.75Mln

Tuesday, 01 October 2019

INITIAL PRICING: BANK, 2019-BNK21

Tuesday, 01 October 2019

Griffin Buys Fully Leased Office Building in Scottsdale, Ariz., for $37.7Mln

Tuesday, 01 October 2019

Pathfinder Buys 170-Unit Apartment Property in Sacramento, Calif., for $28.83Mln

Monday, 30 September 2019

Chicago-Area Retail Property Sells for $19.1Mln, Resolving Troubled CMBS Loan

Monday, 30 September 2019

Rubenstein Teams with Monarch Alternative on $187Mln Purchase of Atlanta's Lindbergh Center

Monday, 30 September 2019

Colony Capital to Sell Industrial Platform to Blackstone for $5.9Bln

Monday, 30 September 2019

Property Prices Buoyed by Lack of Property Sales

Monday, 30 September 2019

INITIAL PRICING: CCRE Commercial Mortgage Securities, 2019-CF2

Monday, 30 September 2019

Parkview Lends $26Mln for Construction of Denver Apartments

Friday, 27 September 2019

Nonprofit Looking to Sell Washington, D.C., Office Building

Friday, 27 September 2019

BofA, Wells Fargo Lend $1Bln Against Tishman's Jackson Park Apartments in Queens, N.Y.

Friday, 27 September 2019

PREIT Turns Over Wyoming Valley Mall in Deed-In-Lieu of Foreclosure

Friday, 27 September 2019

Apartments in Fremont, Calif., Sell for $60Mln

Thursday, 26 September 2019

INITIAL PRICING: UBS Commercial Mortgage Trust, 2019-C17

Thursday, 26 September 2019

Hilco Hires Mark Levy as Executive VP of Industrial Acquisitions

Thursday, 26 September 2019

Foulger-Pratt Buys Suburban Washington, D.C., Office Building for $36.4Mln

Thursday, 26 September 2019

David Knapp, Formerly of Eastdil, Joins Cushman & Wakefield

Thursday, 26 September 2019

2018 Saw 19 Percent Increase in Multifamily Lending, Reaching Record $339.2Bln

Thursday, 26 September 2019

Waterton Adds Stella Pappas to Investor Relations Team

Thursday, 26 September 2019

Ramsfield, CarVal Lend $76.5Mln Against Westin Savannah Harbor Golf Resort & Spa

Thursday, 26 September 2019

Brookfield Pays $82.7Mln for Manhattan's Kimpton Ink48 Hotel

Wednesday, 25 September 2019

Thayer Lodging Opts to Refi Diplomat Beach Resort in Fla.; Gets $560Mln of Financing

Wednesday, 25 September 2019

Shopping Center in Costa Mesa, Calif., Sold for $18.4Mln

Wednesday, 25 September 2019

Fairfield Pays $141Mln for D.C.-Area Apartments

Wednesday, 25 September 2019

Ashford Inc. Takes Aim at Non-Traded REIT Sector; Launches Broker-Dealer

Wednesday, 25 September 2019

IStar, Safehold Buy Domain Tower in Austin, Texas

Wednesday, 25 September 2019

Colorado Springs, Colo., Shopping Center Trades for $93.2Mln

Wednesday, 25 September 2019

Mosaic Real Estate Lends $55.5Mln for Construction of N.J. Residential Condos

Wednesday, 25 September 2019

Portland, Ore., Apartments Sell for $116.13Mln

Tuesday, 24 September 2019

Security Properties Buys Tempe, Ariz., Apartments for $28.2Mln

Tuesday, 24 September 2019

Square Mile Lends $53Mln Against Recently Built Dallas Apartments

Tuesday, 24 September 2019

Suburban Washington, D.C., Apartment Property Sells for $52Mln

Tuesday, 24 September 2019

Madison Realty Lends $32.5Mln Against Dallas Development Site

Tuesday, 24 September 2019

INITIAL PRICING: Benchmark Mortgage Trust, 2019-B13

Tuesday, 24 September 2019

Terreno Pays $80.5Mln for 2 Brooklyn, N.Y., Industrial Buildings

Tuesday, 24 September 2019

Las Vegas Apartments Sell for $36Mln

Tuesday, 24 September 2019

INITIAL PRICING: CSAIL Commercial Mortgage Trust, 2019-C17

Tuesday, 24 September 2019

Venture Pays $53Mln for Suburban Washington, D.C., Apartment Property

Tuesday, 24 September 2019

Mesa West Lends $72.1Mln Against Dallas-Area Office Complex

Tuesday, 24 September 2019

JLL Represented Normandy in Sale of D.C.'s 950 L'Enfant Plaza

Tuesday, 24 September 2019

Jamestown Pays $114Mln for Boston's Constitution Wharf

Tuesday, 24 September 2019

Plymouth Industrial Pays $90.5Mln for 15 Properties in Illinois, Ohio, Tennessee

Monday, 23 September 2019

Bell Partners Pays $96Mln for New Apartment Complex in Redmond, Wash.

Monday, 23 September 2019

ACORE Capital Lends $181.5Mln Against Washington, D.C., Office Building

Monday, 23 September 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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