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

General

JLL Tapped to Sell Historic Napa Valley Land

Tuesday, 12 November 2019

INITIAL PRICING: Morgan Stanley Capital I Trust, 2019-L3

Tuesday, 12 November 2019

New York Times Exercising Option to Buy Back Its Manhattan Office Space

Friday, 08 November 2019

Morristown, N.J., Apartments Sell for $39.5Mln

Friday, 08 November 2019

Ponte Gadea Buys Seattle Office Property for $415Mln

Friday, 08 November 2019

New York Life Lends $242Mln on Ground Beneath Manhattan's 195 Broadway

Friday, 08 November 2019

Portfolio of 50 Dialysis Clinics Sells for $142.9Mln

Friday, 08 November 2019

JBG Smith Paying $160.5Mln for Washington, D.C., Apartment Property

Thursday, 07 November 2019

Chicago Apartment Buildings Sell for $40.15Mln

Thursday, 07 November 2019

Charlotte, N.C., Office Complex Sells for $36Mln

Thursday, 07 November 2019

Mesa West Lends $76.5Mln for Construction of Phila.-Area Offices

Thursday, 07 November 2019

Security Properties-Led Venture Buys 209-Unit Seattle Apartments for $98.1Mln

Thursday, 07 November 2019

Madison Realty Lends $168Mln for Development of Jersey City, N.J., Apartments

Thursday, 07 November 2019

Low Interest Rates Continued to Bolster Lending Activity in 3Q

Thursday, 07 November 2019

Suburban Las Vegas Apartment Complex Sold for $54.5Mln

Wednesday, 06 November 2019

Greystar's Latest Value-Add Fund Gets Oversubscribed at $2Bln

Wednesday, 06 November 2019

Boston's Historic Copley Square Hotel Sells for $66Mln

Wednesday, 06 November 2019

INITIAL PRICING: BBCMS Mortgage Trust, 2019-C5

Wednesday, 06 November 2019

Timbercreek Lends $30.3Mln Against Charlotte, N.C., Office

Wednesday, 06 November 2019

Ashkenazy Pays $125Mln for Westchester County, N.Y., Mixed Use Property

Wednesday, 06 November 2019

Citizens Bank Lends $138Mln Against 3 Suburban D.C. Biz Parks

Wednesday, 06 November 2019

Texas Resort Getting Margaritaville Transformation Finds $67Mln of Financing

Wednesday, 06 November 2019

INITIAL PRICING: Benchmark Mortgage Trust, 2019-B14

Wednesday, 06 November 2019

Venture Secures $26.9Mln Loan Against Laredo, Texas, Shopping Center

Wednesday, 06 November 2019

Suburban Boston Apartments Trade for $76.2Mln

Tuesday, 05 November 2019

Bluerock Residential Pays $193.1Mln for 2 Apartment Properties in Arizona, Nevada

Tuesday, 05 November 2019

Purchase Price for Northern N.J. Office Complex Gets Trimmed to $311Mln

Tuesday, 05 November 2019

ORIX Acquiring Hunt Real Estate Capital

Tuesday, 05 November 2019

Hunt Writes $24.2Mln Freddie Loan for Indianapolis Apartments

Tuesday, 05 November 2019

ASB Pays $72Mln for 3 Fully Leased Industrial Properties in Denver Area

Tuesday, 05 November 2019

Harbor Group Pays $58.9Mln for Suburban Washington, D.C., Apartment Property

Monday, 04 November 2019

Louisville, Ky., Apartments Sold for $38Mln

Monday, 04 November 2019

Mack-Cali Gets $232Mln Loan from American General for N.J. Apartment Buy

Friday, 01 November 2019

LoanCore Lends $181Mln Against 2 Manhattan Buildings

Friday, 01 November 2019

Kennedy Wilson Buys Bay Area Office Campus for $115Mln

Friday, 01 November 2019

Manhattan's St. Regis Hotel Trades for $310Mln to Qatar Investment

Friday, 01 November 2019

Fitch Flags $260.3Mln CMBS Loan Against Gurnee Mills as Vacancy Increases

Friday, 01 November 2019

Venture Pays $67.25Mln for Brooklyn, N.Y., Apartment Property

Friday, 01 November 2019

Opportunistic Investor Michael Ashner Named to CBL Board

Friday, 01 November 2019

CMBS Delinquency Volume Drops to Below $12Bln in October

Friday, 01 November 2019

Bridgewater, N.J., Office Building Trades for $47.5Mln

Thursday, 31 October 2019

TerraCap Buys Denver Office Buildings for $77.5Mln

Thursday, 31 October 2019

500 West Monroe St. in Chicago Sells for $412Mln

Thursday, 31 October 2019

Starwood Pays $180.2Mln for Apartments in Washington, D.C., Area

Thursday, 31 October 2019

Apartment Complex Near University of Denver Sold for $48.7Mln

Thursday, 31 October 2019

INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2019-GC43

Thursday, 31 October 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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