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

General

Ann Chevalier Leaves CBRE for Kidder Mathews

Friday, 03 May 2019

Guggenheim Lends $53.1Mln Against Miami Mixed-Use Property

Friday, 03 May 2019

Thorofare Capital Lends $53.5Mln Against 2 Norwalk, Conn., Apartment Properties

Thursday, 02 May 2019

Edward Hoganson to Step Down as Hospitality Investors Trust's CFO

Thursday, 02 May 2019

Swig-Led Venture Buys San Francisco Office Building for $42Mln

Thursday, 02 May 2019

TA Realty Acquires Suburban L.A. Office Building for $138.5Mln

Thursday, 02 May 2019

Delinquent CMBS Volume Resumes Decline

Thursday, 02 May 2019

TerraCap Buys Suburban Atlanta Office Building for $24.3Mln

Wednesday, 01 May 2019

CapRidge Buys 3-Building Office Property Near Denver for $71.1Mln

Wednesday, 01 May 2019

Israeli Company Buys Boston Retail, Office Property for $81.8Mn

Wednesday, 01 May 2019

Hunt Writes $33.2Mln of Freddie Financing for Dayton, Ohio, Apartments

Wednesday, 01 May 2019

Utah Investor Buys Las Vegas Apartments for $14.2Mln

Tuesday, 30 April 2019

Rexford Pays $139Mln for 2 SoCal Industrial Properties

Tuesday, 30 April 2019

Varde Lends $31Mln Against Miami Office Building

Tuesday, 30 April 2019

INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2019-C50

Tuesday, 30 April 2019

PacWest Retires CapitalSource Brand

Tuesday, 30 April 2019

JLL Income Pays $47Mln for Fremont, Calif., Business Park

Monday, 29 April 2019

ASB, Endurance Real Estate Acquire Pittsburgh Industrial Complex for $38Mln

Monday, 29 April 2019

Self-Storage Facility in Newark, N.J., Trades for $30Mln

Monday, 29 April 2019

3650 REIT Lends $87.9Mln for Austin, Texas, Condos

Monday, 29 April 2019

The We Co. Files to Go Public

Monday, 29 April 2019

Greystone Writes $35.4Mln Fannie Loan Against 3-Property Apartment Portfolio

Monday, 29 April 2019

Developer Secures $664.1Mln Construction Loan Against Brooklyn, N.Y., Mixed-Use Project

Monday, 29 April 2019

Investcorp Pays $170Mln for 1.4Mln-SF Portfolio of Industrial Properties

Monday, 29 April 2019

Washington, D.C., Office That Backed $155Mln CMBS Loan Might Be Worth Only $110.4Mln

Monday, 29 April 2019

Roxborough, Koll Venture Pays $21.1Mln for Vegas-Area Industrial Park

Friday, 26 April 2019

Brixton Capital Sells Southern Calif. Shopping Center for $51Mln

Friday, 26 April 2019

2 Birmingham, Ala., Office Buildings Sell for $24Mln

Friday, 26 April 2019

Sierra Pacific Center Industrial Facility in Fontana, Calif., Sold for $213.5Mln

Thursday, 25 April 2019

Square Mile, CIT Venture Lends $63.9Mln for Boston-Area Apartment Project

Thursday, 25 April 2019

Value of Killeen Mall in Texas Once Again Takes A Hit

Wednesday, 24 April 2019

Bendetti Lines Up $16.9Mln Loan Against Sacramento, Calif., Industrial Property

Wednesday, 24 April 2019

Ga. Apartment Property with 530 Units Sold for $42Mln

Wednesday, 24 April 2019

Office Behind $31.8Mln CMBS Loan Gets Appraised at $8.7Mln

Wednesday, 24 April 2019

Bridge Investment Hires Peter LaMassa for Capital Markets Group

Tuesday, 23 April 2019

Demand in U.S. Hotel Sector Continues to Outpace Supply; RevPAR Up in 1Q by 1.5 Percent

Tuesday, 23 April 2019

Knighthead Provides $14.36Mln Construction Financing for Chicago-Area Apartments

Tuesday, 23 April 2019

CWCapital Seen Taking Over Westchester, N.Y., Conference Center Resort

Tuesday, 23 April 2019

CMBX 8 Loan Against Ga. Student-Housing Lands in Special Servicing

Monday, 22 April 2019

3 Student-Housing Properties in West Lafayette, Ind., Sold for $33.5Mln

Monday, 22 April 2019

Madison Realty Lends $27Mln Against Brooklyn, N.Y., Apartment Project

Monday, 22 April 2019

Bangor Mall Sells for $12.6Mln to Team Including Mason Asset Management

Monday, 22 April 2019

3650 REIT Hires Long-Time Originator Bobby Geary to Run Southwest Region

Monday, 22 April 2019

Transwestern Raises $200Mln for Latest Value-Add Fund; Monetizes Initial Fund

Thursday, 18 April 2019

Square Mile Lends $63Mln Against Charlotte, N.C., Offices

Thursday, 18 April 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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