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

General

Mack-Cali Sells Fort Lee, N.J., Office Building for $36Mln

Wednesday, 29 April 2020

Moody's Warns of Stresses to Mortgage REITs

Wednesday, 29 April 2020

Northeast Bank Adds Sol Garber to Loan Acquisitions Group

Wednesday, 29 April 2020

Hotel REIT Gets Interest Deferrals on Loans Against Properties in Michigan, Rhode Island

Tuesday, 28 April 2020

Magma Equities Buys Apartments in Durham, N.C., for $50Mln

Tuesday, 28 April 2020

Dollinger Buys San Diego Business Park for $15.31Mln

Tuesday, 28 April 2020

Berkeley Point Lends $22.4Mln for Louisville, Colo., Apartments

Tuesday, 28 April 2020

Venture Gets $26.5Mln Loan Against Queens, N.Y., Apartment Property

Tuesday, 28 April 2020

CREFC Adds Sairah Burki as MD for Regulatory Policy

Tuesday, 28 April 2020

AG Mortgage Gets Forbearance from Repo Lenders

Tuesday, 28 April 2020

UBS Realty Buys Manhattan Apartment Building for $35Mln

Monday, 27 April 2020

Alliance Residential Sells Phoenix Apartments for $60Mln

Monday, 27 April 2020

Wells Fargo Lends $75.4Mln for Construction of Suburban Boston Apartment Property

Friday, 24 April 2020

Brandywine Collects 95 Percent or Rents Due; Grants Deferrals to Retail Tenants

Friday, 24 April 2020

Maria Hawthorne Takes Medical Leave as PS Business Parks' CEO, President

Friday, 24 April 2020

Kroll Index of Risky Loans Balloons in March Because of Coronavirus

Friday, 24 April 2020

SL Green Looking to Nearly Double Cash Hoard to $1Bln

Friday, 24 April 2020

$220Mln Loan Against Manhattan's 10 East 53rd St. Pays Libor Plus 135 Basis Points

Thursday, 23 April 2020

Washington REIT Sells Suburban Washington, D.C., Office Building for $57Mln

Thursday, 23 April 2020

Bridge Investment Lends $60Mln Against Northern N.J. Office Complex

Thursday, 23 April 2020

Owner of San Francisco's Parkmerced Seeks Forbearance for CMBS Loan

Wednesday, 22 April 2020

Hotels Get Small Mid-April Rebound from Record Lows

Wednesday, 22 April 2020

Ashford Hospitality, Braemar Hotels Secure $45.9Mln of Government Loans

Wednesday, 22 April 2020

Sterling National Bank Lends $30Mln Against Bronx, N.Y., Apartments

Wednesday, 22 April 2020

American Campus Sees Pre-Leasing Slowing for 2020-21 School Year

Wednesday, 22 April 2020

Xenia Eliminates Chief Investment Officer Position

Wednesday, 22 April 2020

Property Transaction Volume Climbs in 1Q Because of Big M&A Deal

Wednesday, 22 April 2020

Colony Credit Pays Down, Consolidates Repo Agreements

Tuesday, 21 April 2020

Venture Buys Seattle-Area Office Building for $45.45Mln

Tuesday, 21 April 2020

Glenn Rufrano, VEREIT's CEO, Returns to Work

Tuesday, 21 April 2020

CMBS Loan Against Pa. Waterpark Goes to Special Servicing

Tuesday, 21 April 2020

Value of Houston Office Backing CMBS Loan Might Be Hit Hard

Monday, 20 April 2020

Suburban Columbia, S.C., Apartments Sell for $37.6Mln

Monday, 20 April 2020

Cambridge, Mass., Office Building Trades for $101.25Mln

Monday, 20 April 2020

Hotel Construction Hits Monthly Peak in March

Monday, 20 April 2020

Agree Realty Says 87 Percent of Tenants Paid April Rent

Monday, 20 April 2020

Number of CMBS Borrowers Inquiring About Payment Relief Doubles

Monday, 20 April 2020

Ladder Capital Says Sold Loans, Bonds for 96 Percent of Par

Monday, 20 April 2020

Apartments So Far Weather Coronavirus Storm

Friday, 17 April 2020

Xenia's Proposed Sale of Austin, Texas, Hotel Falls Through

Friday, 17 April 2020

Ladder Capital Said to Have Sold Loans to Madison Realty

Friday, 17 April 2020

Deadlines for 1031 Exchanges Extended to July 15, Longer Extensions Sought

Friday, 17 April 2020

New York Life Lends $69.6Mln Against Los Angeles-Area Offices

Thursday, 16 April 2020

Taurus Investment Buys Suburban Boston Office Building for $74.5Mln

Thursday, 16 April 2020

CMBS Hotel Loans Transfer to Special Servicing by Truckload

Thursday, 16 April 2020

JEMB Realty's Forbearance Request for Loan on Manhattan's 75 Broad St. Denied

Thursday, 16 April 2020

Meridian Pays $58.25Mln for 2 Suburban Washington, D.C., Office Buildings

Thursday, 16 April 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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