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

General

CMBS Special Servicing Volume Continues Downward Trend

Monday, 07 October 2019

Rexford Buys 3 SoCal Industrial Properties for $76Mln

Monday, 07 October 2019

Nuveen Buys $3Bln Industrial Portfolio from Blackstone

Monday, 07 October 2019

Starwood Lends $52Mln Against Brooklyn, N.Y., Apartment Property

Monday, 07 October 2019

Luzzatto Gets $37.2Mln Loan to Buy, Redevelop Los Angeles Warehouse

Monday, 07 October 2019

Square Mile Lends $430Mln for Redevelopment of Lower Manhattan Office

Monday, 07 October 2019

CMBS Delinquency Volume Drops to $12Bln in September

Monday, 07 October 2019

ACORE Lends $190Mln for Beverly Hills, Calif., Mixed-Use Development

Friday, 04 October 2019

Park at Sunderland Apartments in Birmingham, Ala., Sold for $20.1Mln

Friday, 04 October 2019

Sterling Buys Kent, Wash., Shopping Center for $17.46Mln

Friday, 04 October 2019

Essex Buys Redwood City, Calif., Apartments for $88.65Mln

Thursday, 03 October 2019

Ares Management Lends $42Mln for Texas Mixed-Use Property

Thursday, 03 October 2019

ORIX Writes $40Mln Construction Loan for Wis. Mixed-Use Property

Thursday, 03 October 2019

Credit Suisse Buys Washington, D.C., Office Building for $69.8Mln

Wednesday, 02 October 2019

Continental Properties Pays $216.1Mln for Seattle Apartments

Wednesday, 02 October 2019

Morrison & Foerster Adds Veteran Real Estate Attorney Thomas E. Tether

Wednesday, 02 October 2019

Berkadia Writes $40Mln Freddie Mac Loan for Ala. Apartments

Wednesday, 02 October 2019

Size of Commercial Mortgage Universe Grows to $3.5Trillion in 2Q

Wednesday, 02 October 2019

Denver's Quebec Square Retail Center Sells for $42.25Mln

Wednesday, 02 October 2019

Blackstone Fund to Buy 65 Percent Stake in Great Wolf Resorts

Wednesday, 02 October 2019

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

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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