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

General

Trepp Hires Luis Amador as Chief Operating Officer

Thursday, 04 April 2019

New York Community Bank Lends $100Mln Against Manhattan's 90 Broad St.

Thursday, 04 April 2019

Long-Troubled CMBS Loan Against Chicago-Area Office Campus Gets Resolved

Thursday, 04 April 2019

Potential Vacancies Put $37Mln CMBS Loan on SoHo Retail Property in Jeopardy

Thursday, 04 April 2019

Amazon Paying $294Mln for 2 Crystal City, Va., Development Sites

Thursday, 04 April 2019

4 Medical-Office Buildings in Georgia, Indiana and Virginia Sell for $121Mln

Wednesday, 03 April 2019

Fenway Capital, Waterfall Buy San Diego Business Park for $28.2Mln

Wednesday, 03 April 2019

Sale of A1 Note Against Fireman's Fund Property Nets Small Loss

Wednesday, 03 April 2019

Alexander & Baldwin Hires Brett A. Brown as CFO

Wednesday, 03 April 2019

Alabama Developer Names Co-Presidents

Wednesday, 03 April 2019

Delinquent CMBS Volume Increases for the First Time Since October

Wednesday, 03 April 2019

Office Sector Continues Slow Recovery with 100-BP Drop in 1Q Vacancy

Wednesday, 03 April 2019

New York Life Lends $115Mln for Recently Completed Apartments in Secaucus, N.J.

Wednesday, 03 April 2019

Venture Secures $66.7Mln Loan Against Manhattan Office, Retail Project

Tuesday, 02 April 2019

Barings, Bank OZK Lend $100Mln for Atlanta Office

Tuesday, 02 April 2019

Suburban Minneapolis Apartment Property Trades for $37.4Mln

Tuesday, 02 April 2019

Knighthead Lends $22Mln Against Brooklyn, N.Y., Redevelopment

Monday, 01 April 2019

Glencrest, Angelo Gordon Buy Santa Rosa, Calif., Apartments for $51Mln

Monday, 01 April 2019

Venture Pays $130.5Mln for 4 Outlet Centers in Iowa, Maryland, North Carolina and Utah

Monday, 01 April 2019

Citigroup Lends $46.7Mln Against Portfolio of Tulsa, Okla., Offices

Monday, 01 April 2019

Soon-to-Open Manhattan Hotel Sells for $274.3Mln

Monday, 01 April 2019

Pembrook Provides $8.1Mln of Pref Equity, $24.9Mln Loan for Fla. Busted Condos

Monday, 01 April 2019

Apple Hospitality's Kristian Gathright, Bryan Peery Retiring Next Year

Monday, 01 April 2019

Venture of Guggenheim, Temasek Seen in Talks to Buy Eastdil Secured

Monday, 01 April 2019

Multifamily Vacancy Rate Flat at 4.8 Percent in 1Q, Uptick Expected

Friday, 29 March 2019

Boston Apartment Property Sells for $25Mln

Friday, 29 March 2019

FCP Pays $23.1Mln for Atlanta Apartments

Friday, 29 March 2019

Owner of Houston's Three Westlake Offers DPO, A-B Mod; CMBS Deal Gets Downgrade

Friday, 29 March 2019

M3 Multifamily Buys Tucson, Ariz., Apartments for $35.6Mln

Thursday, 28 March 2019

Penzance Pays $85Mln for Washington, D.C., Office Building

Thursday, 28 March 2019

Wells Fargo Lends $170Mln Against Calif. Water Park

Thursday, 28 March 2019

TD Bank Lends $75Mln Against Brooklyn, N.Y., Apartments

Thursday, 28 March 2019

Property Price Growth Accelerated in February, Led by Industrial

Thursday, 28 March 2019

Savanna Paying $381Mln for Manhattan's 521 Fifth Ave.

Thursday, 28 March 2019

New York Life Lends Another $55Mln Against Manhattan's West End Towers Apartments

Thursday, 28 March 2019

Lightstone Secures $155Mln of Financing Against Manhattan Hotel

Wednesday, 27 March 2019

INITIAL PRICING: UBS Commercial Mortgage Securitization Corp., 2019-C16

Wednesday, 27 March 2019

Ponte Gadea Pays $740Mln for Seattle Office Property

Wednesday, 27 March 2019

Hugh Frater Formally Named CEO of Fannie Mae

Wednesday, 27 March 2019

Another Mall in Maine Sells, Resolving CMBS Loan

Tuesday, 26 March 2019

Sterling Pays $40Mln for Washington, D.C., Shopping Center

Tuesday, 26 March 2019

CMBS Defeasance Activity Skyrockets to $17.8Bln in 2018

Tuesday, 26 March 2019

RAF Pacifica Pays $23.3Mln for 3 Industrial Properties in Carlsbad, Calif.

Tuesday, 26 March 2019

FSC Realty Buys Phoenix Multifamily Property for $52Mln

Tuesday, 26 March 2019

Hall Lends $41.8Mln Against Orlando, Fla., Hotel Project

Tuesday, 26 March 2019

Tenant Departure Puts CMBS Loan Against Texas Offices at Risk

Tuesday, 26 March 2019

Queens, N.Y., Apartment Property Trades for $75Mln

Monday, 25 March 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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