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

General

Ohana's Effort to Take Over Manhattan's Mark Hotel Dealt Setback

Thursday, 25 June 2020

Anthony Palladino Joins Marcus & Millichap's Portland, Ore., Office

Thursday, 25 June 2020

Alliant Credit Union Lends $20.8Mln Against Atlanta-Area Apartments

Thursday, 25 June 2020

JLL Originates $28Mln Fannie Loan Against Suburban Minneapolis Apartments

Wednesday, 24 June 2020

U.S. Hotels See 10th Straight Week of Incremental Improvement

Wednesday, 24 June 2020

Steadfast Apartment REIT Gets $158.3Mln of Fannie Financing for 7 Properties

Wednesday, 24 June 2020

Berkadia Writes $27.45Mln of Fannie Mae Financing for 2 Ala. Apartments

Wednesday, 24 June 2020

Heitman Tops $8Bln for Open-End Fund

Wednesday, 24 June 2020

JLL Names Karen Brennan CFO

Tuesday, 23 June 2020

Bill Millichap Succumbs to Cancer

Tuesday, 23 June 2020

Watermark Lines Up $33Mln Loan to Develop Ariz. Apartments

Tuesday, 23 June 2020

Citizens Bank Leads $575Mln Construction Loan for Office, Lab Properties in Boston

Tuesday, 23 June 2020

Kroll's List of Risky CMBS Loans Continues to Balloon; Coronavirus to Blame

Tuesday, 23 June 2020

SL Green Gets $510Mln Mortgage for Manhattan's 220 East 42nd St.

Tuesday, 23 June 2020

Todd Hargreaves Named Chief Investment Officer of Service Properties Trust

Tuesday, 23 June 2020

VEREIT Rent Collections Slip to 82 Percent in June Through Mid-Month

Monday, 22 June 2020

PGIM Writes $73Mln Freddie Loan Against Suburban D.C. Apartments

Monday, 22 June 2020

Knighthead Lends $26.9Mln for Portfolio of Dallas Industrial Buildings

Monday, 22 June 2020

Evergreen Buys Aurora, Colo., Apartments for $46Mln

Monday, 22 June 2020

Isaac Zion, SL Green's Co-CIO, Leaving to Pursue Other Opportunities

Monday, 22 June 2020

Board Freezes Rents for Rent-Stabilized Apartment Units in New York City

Friday, 19 June 2020

INITIAL PRICING: BANK, 2020-BNK27

Friday, 19 June 2020

Northeast Ohio Shopping Center Sold for $46Mln

Friday, 19 June 2020

Ascent Real Estate Pays $43Mln for Office Building in Scottsdale, Ariz.

Friday, 19 June 2020

Brookline Bank Lends $51.9Mln Against Suburban Boston Office Property

Friday, 19 June 2020

Starwood Capital Commits $325Mln Investment in TPG Real Estate

Friday, 19 June 2020

Landlords Spared from Controversial Calif. Bill Allowing Lease Terminations

Thursday, 18 June 2020

Hines Global Sells Suburban Boston Office Complex for $66Mln

Thursday, 18 June 2020

Leisure Travel Boosts Hotel Occupancy to 41.7 Percent in Latest Week

Thursday, 18 June 2020

JLL Adds 2 Cushman & Wakefield Multifamily Pros in Orlando, Fla.

Thursday, 18 June 2020

3650 REIT Funds $36Mln Loan for Purchase, Redevelopment of Mobile-Home Park

Thursday, 18 June 2020

Blackstone Gets $93Mln Loan for Boston Office Building

Wednesday, 17 June 2020

Non-Traded REIT Presidio Property Trust Prepares to List Its Shares

Wednesday, 17 June 2020

Bridge Investment Lends $68.5Mln Against Washington, D.C., Office

Wednesday, 17 June 2020

Dwight Capital Provides $27.89Mln of HUD Financing for Oregon Apartments

Tuesday, 16 June 2020

BentallGreenOak Pays $164Mln for N.J. Industrial Property

Tuesday, 16 June 2020

CBL Misses Another Payment on Unsecured Notes

Tuesday, 16 June 2020

Rialto Takes Houston's Two Westlake Park Through Foreclosure

Tuesday, 16 June 2020

Rockpoint Raises $3.8Bln for Latest Opportunity Fund

Tuesday, 16 June 2020

Arbor Realty Writes $59Mln Fannie Loan Against Suburban Boston Apartments

Monday, 15 June 2020

Will Sledge, Kyle Kaminski Join JLL's Loan-Sales Group

Monday, 15 June 2020

Venture Gets $48.8Mln Construction Loan for Hackensack, N.J., Apartment Project

Monday, 15 June 2020

Braemar Gets Payment Deferrals on $325Mln of Mortgages from Lender BofA

Friday, 12 June 2020

INITIAL PRICING: BBCMS Mortgage Trust, 2020-C7

Friday, 12 June 2020

Retail Sales Team Led by Ron Duong Rejoins Marcus & Millichap

Friday, 12 June 2020

Suburban Austin, Texas, Apartments Sell for $51.6Mln

Thursday, 11 June 2020

Beacon Capital Pays $261.9Mln for Boston Lab, Office Building

Thursday, 11 June 2020

Venture Buys CMBS-Encumbered Hutton Hotel in Nashville, Tenn.

Thursday, 11 June 2020

Central N.J. Offices Sell for $26.24Mln

Thursday, 11 June 2020

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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