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

General

Sale of CMBS Loan Against Starr Pass Resort Results in $7.2Mln Loss

Friday, 17 May 2019

Related Beal Pays $218Mln for Boston Development Site

Thursday, 16 May 2019

Matthew Brown Named CFO of Office Properties Income Trust

Thursday, 16 May 2019

Distressed Loan Against Chicago-Area Offices Sold for $26.2Mln

Thursday, 16 May 2019

Resource Apartment to Buy Alexandria, Va., Property for $36.8Mln

Wednesday, 15 May 2019

Phoenix Multifamily Property with 488 Units Sold for $39.75Mln

Wednesday, 15 May 2019

Suburban Fort Lauderdale, Fla., Apartment Property Trades for $59Mln

Wednesday, 15 May 2019

JLL Income Buys Suburban Seattle Apartment Property for $81.8Mln

Wednesday, 15 May 2019

Hospitality Investors Trust Names Bruce Riggins CFO

Wednesday, 15 May 2019

Los Angeles Industrial Owner Hires Alon Kraft as COO

Wednesday, 15 May 2019

Arlington, Va., Apartment Property Sells for $228Mln

Wednesday, 15 May 2019

Sonnenblick-Eichner Arranges $21Mln Loan for Recently Opened Seattle Hotel

Tuesday, 14 May 2019

216-Unit Apartment Complex in Peoria, Ariz., Sold for $26Mln

Tuesday, 14 May 2019

Kawa Capital Buys Suburban Boston Office Building for $30.9Mln

Tuesday, 14 May 2019

CBL Sells Terre Haute, Ind., Shopping Mall for $14.6Mln

Monday, 13 May 2019

INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC39

Friday, 10 May 2019

140,908-SF Office Building in Downtown Sacramento, Calif., Comes to Market

Monday, 13 May 2019

KBS Buys Redmond, Wash., Office Building for $48.1Mln

Monday, 13 May 2019

4 Manhattan Apartment Properties Offered for Sale

Monday, 13 May 2019

Carlyle Buys 67.5 Percent Stake in Manhattan's Ritz Plaza Apartments

Friday, 10 May 2019

Greg Miskovsky Returns to Marcus & Millichap as SVP of Capital Markets in Phoenix

Friday, 10 May 2019

Varde Lends $38.8Mln Against 2 Gainesville, Fla., Student-Housing Properties

Friday, 10 May 2019

Capital One Lends $132Mln Against Washington, D.C., Mixed-Use Project

Friday, 10 May 2019

Arel Capital Obtains $36.5Mln Loan Against Houston Multifamily Property

Friday, 10 May 2019

Dennis Barreto Joins Thorofare Capital as Credit Director

Thursday, 09 May 2019

Spreads Widen, Issuance Marches On as Markets Turn Volatile

Thursday, 09 May 2019

ASB Buys Leland James Building in Portland, Ore., for $67.5Mln

Thursday, 09 May 2019

Big CMBS Loan Transfers Drive Volume of Loans in Special Servicing Higher

Thursday, 09 May 2019

Seniors-Housing Property in Corpus Christi, Texas, Sells for $20.35Mln

Wednesday, 08 May 2019

United Development Obtains $11.9Mln Loan Against Fresno, Calif., Apartments

Wednesday, 08 May 2019

TruAmerica, Blackstone Acquire Vegas, Atlanta Apartments for $96.8Mln

Wednesday, 08 May 2019

Dropping Rates Drive 3.65 Percent Conduit-Lending Margin for Ladder Capital

Wednesday, 08 May 2019

Citigroup Lends $20Mln Against Boca Raton, Fla., Office Complex

Wednesday, 08 May 2019

Rich McElvoy Joins Harbor Associates as Principal

Wednesday, 08 May 2019

Suburban Milwaukee Hotel Sells for $30Mln

Wednesday, 08 May 2019

Berkshire Residential Adds to Its Debt-Investment, Seniors-Housing Teams

Tuesday, 07 May 2019

Virginia Beach, Va., Apartment Property Sells for $68.7Mln

Tuesday, 07 May 2019

PCCP Provides Construction Financing for 2 Phoenix-Area Apartment Properties

Tuesday, 07 May 2019

145,467-SF Office Building in Brea, Calif., Trades for $33.5Mln

Tuesday, 07 May 2019

Westbrook Pays $26Mln for Boston Office Building

Tuesday, 07 May 2019

Eric Lestin Joins Cushman & Wakefield's Houston Retail Group

Tuesday, 07 May 2019

Developer Lines Up $31.68Mln HUD Loan for Fla. Apartment Property

Tuesday, 07 May 2019

Tampa, Fla., Business Park Trades for $53.3Mln

Monday, 06 May 2019

Awais Mughal Joins Meridian as Senior VP of Acquisitions for Northern Calif.

Monday, 06 May 2019

Dave Guiteau Named CFO of Starwood Real Estate Income Trust

Monday, 06 May 2019

Brooklyn, N.Y., Apartment Property Sells for $41.25Mln

Friday, 03 May 2019

AvalonBay Sells Apartment Properties in Texas, Virginia for $168Mln

Friday, 03 May 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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