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

General

Deutsche Bank Lends $92.5Mln Against Manhattan's 292 Madison Ave.

Wednesday, 30 October 2019

INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GSA1

Wednesday, 30 October 2019

UDR Pays $270.2Mln for Suburban Boston Apartment Property

Wednesday, 30 October 2019

MetLife Lends $190Mln Against San Francisco Offices

Wednesday, 30 October 2019

Berkshire Residential Promotes David Olney to CEO

Wednesday, 30 October 2019

Hunt Writes $35Mln Freddie Mac Loan Against Ariz. Mobile-Home Park

Wednesday, 30 October 2019

Washington, D.C., Retail Property Sells for $49.8Mln

Wednesday, 30 October 2019

Deutsche, Wells, Morgan Fund $1.2Bln Loan for Los Angele's Century Plaza Towers

Wednesday, 30 October 2019

MUFG, JPMorgan Lend $117.9Mln Against Northern N.J. Apartments

Tuesday, 29 October 2019

Deutsche Bank Lends $350Mln Against San Francisco's 225 Bush St.

Tuesday, 29 October 2019

JLL Writes $39Mln Fannie Loan Against Manhattan Apartments

Tuesday, 29 October 2019

Columbia Property Sees Using Normandy to Raise Private Capital

Tuesday, 29 October 2019

Opal Holdings to Pay $320Mln for Northern N.J. Office Complex

Tuesday, 29 October 2019

Madison Marquette Gets $185Mln Loan for Baltimore Mixed-Use Property

Monday, 28 October 2019

Pebblebrook Plans $260Mln Repositioning Project for 16 Hotels

Monday, 28 October 2019

Brookfield Lends $749Mln Against Offices Next to Manhattan's Grand Central Terminal

Monday, 28 October 2019

INITIAL PRICING: BANK, 2019-BANK22

Monday, 28 October 2019

Meridian Buys Office in Northern Calif. for $63Mln

Monday, 28 October 2019

Brooklyn, N.Y., Shopping Center Sells for $27.7Mln

Friday, 25 October 2019

Apartment Complex in Tempe, Ariz., Sold for $66.3Mln

Friday, 25 October 2019

Goldman Sachs Lends $421.5Mln Against 452,167 SF at 620 Ave. of the Americas

Friday, 25 October 2019

Berkadia Launches Program to Incubate, Advise CRE Startups

Friday, 25 October 2019

Nuveen Pays $134.2Mln for Boston Retail Property

Thursday, 24 October 2019

CIM Lends $101Mln for Development of Phoenix Apartments

Thursday, 24 October 2019

Apollo Takes Further Write-Down of Loan Against Cincinnati Retail Center

Thursday, 24 October 2019

Suburban Atlanta Apartments Sell for $31.2Mln

Thursday, 24 October 2019

Mack Real Estate Lends $330Mln for San Jose, Calif., Condo Project

Thursday, 24 October 2019

Equity Residential Eyes $500Mln of Developments Annually

Thursday, 24 October 2019

Blackstone Has High Hopes for Its Non-Traded REIT

Wednesday, 23 October 2019

Office Building in Santa Ana, Calif., Sold for $20.35Mln

Wednesday, 23 October 2019

Berkeley Point Writes $42.3Mln Fannie Loan Against Jacksonville, Fla., Apartments

Wednesday, 23 October 2019

Loss Hitting COMM 2014-LC17 Gets Revised; Shortfall Impact Reduced Sharply

Wednesday, 23 October 2019

3Q Property Sales Drop by 6 Percent from Year Ago

Wednesday, 23 October 2019

Natixis Lends $218.1Mln Against GSA-Leased Offices, Resolving Specially Serviced CMBS Loan

Wednesday, 23 October 2019

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2019-C53

Wednesday, 23 October 2019

Westmount Pays $23.2Mln for 154-Unit Apartment Property in Mesa, Ariz.

Tuesday, 22 October 2019

BofA Lends $32.7Mln to Help Fund Kushner Cos.' Purchase of Manhattan Retail Space

Tuesday, 22 October 2019

Morningstar Flags Brunswick Square Mall in New Jersey as Cash Flow Declines

Tuesday, 22 October 2019

Blackstone Pays $69.4Mln for Tampa, Fla., Apartments

Tuesday, 22 October 2019

Value-Add Investor Buys Atlanta Apartments for $19.4Mln

Tuesday, 22 October 2019

Sacramento, Calif., Retail Center Sells for $56Mln

Tuesday, 22 October 2019

Starwood REIT Pays $109.6Mln for Charlotte, N.C., Apartments

Tuesday, 22 October 2019

MetLife Lends $125Mln Against Long Island, N.Y., Office Property

Monday, 21 October 2019

Cushman Adds Eastdil's Jeff Altenau and Zach Yarnoff to Capital Markets Team

Monday, 21 October 2019

Qatari Asset Manager Pays $107.8Mln for 2 Boston Office Properties

Monday, 21 October 2019

Dallas Area's Connection Park Office Complex Sells for $78.5Mln

Monday, 21 October 2019

Northern N.J. Apartments Sell for $35.25Mln

Monday, 21 October 2019

Passco Pays $40.4Mln for Knoxville, Tenn., Apartments

Monday, 21 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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