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

Mid-Atlantic Regional News

COPT to Add Space to Md. Office Park

Wednesday, 23 November 2016

Richmond's James Center Under Contract

Tuesday, 22 November 2016

CMBS Loan Against PPL Center in Allentown, Pa., Expected to Default

Monday, 21 November 2016

Suburban Baltimore Mall Sold for $21.5Mln

Monday, 21 November 2016

WeWork to Lease Office Space in Washington, D.C.

Monday, 21 November 2016

JV Buys Reston, Va., Office Building for $60Mln

Friday, 18 November 2016

Morgan Stanley Leases 57,000 SF at Baltimore Office

Friday, 18 November 2016

CBRE Seen Buying Pittsburgh's Liberty Center for $98Mln

Friday, 18 November 2016

325-Unit Multifamily Project Proposed for Pittsburgh

Thursday, 17 November 2016

Amtrak Picks Finalists for Penn Station Redevelopment in Baltimore

Thursday, 17 November 2016

Logistics Center Coming to Cumberland County, Pa.

Wednesday, 16 November 2016

Beacon Offers for Sale Tysons Metro Center in Suburban D.C.

Wednesday, 16 November 2016

Work Begins on 133-Room Hotel in Pittsburgh's Strip District

Wednesday, 16 November 2016

Delran, N.J., Retail Center Sells for $35.1Mln

Wednesday, 16 November 2016

150 Affordable-Housing Units Planned for D.C.

Tuesday, 15 November 2016

JBG-Led Partnership Proposes Mixed-Use Project for Reston, Va.

Tuesday, 15 November 2016

Bernstein Buys Bethesda, Md., Hotel

Monday, 14 November 2016

Mixed-Use Project Planned in Baltimore's Poppleton Neighborhood

Monday, 14 November 2016

JBG Plans Apartment Project for Washington, D.C.

Monday, 14 November 2016

King of Prussia, Pa., Office Building Sells for $26.8Mln

Monday, 14 November 2016

5-Building Office Property in Columbia, Md., Trades Hands

Thursday, 10 November 2016

Software Company Signs Large Office Lease in King of Prussia, Pa.

Thursday, 10 November 2016

GSA Offers Majority Leasehold Interest in International Trade Center

Wednesday, 09 November 2016

Baltimore's Exelon Tower Opens

Wednesday, 09 November 2016

Partner or Buyer Sought for D.C. Redevelopment Site

Wednesday, 09 November 2016

Cohen Equities Offers for Sale Lanham, Md., Office Building

Tuesday, 08 November 2016

Mixed-Use Project Planned for Smithfield Township, Pa.

Tuesday, 08 November 2016

Shopping Center in Plainsboro, N.J., Sold

Monday, 07 November 2016

Portfolio of 24 Restaurants Sells to Broadstone

Monday, 07 November 2016

Healthcare REIT Buys 2 Medical Offices in Bel Air, Md., for $36.3Mln

Monday, 07 November 2016

120-Room Hotel Planned for Central Pa.

Friday, 04 November 2016

White Marsh, Md., Retail Center Fully Leased

Friday, 04 November 2016

173-Room Hotel Proposed for Silver Spring, Md.

Thursday, 03 November 2016

Mixed-Use Project in Phila. to Include Rock Gym

Thursday, 03 November 2016

Outlet Mall Opens in Clarksburg, Md.

Wednesday, 02 November 2016

Union Trust Building in Pittsburgh Lines Up New Tenants

Wednesday, 02 November 2016

Mixed-Use Redevelopment Proposed for 100-Year-Old Building in Pittsburg

Wednesday, 02 November 2016

D.C. Office Building Sells for $141.8Mln

Tuesday, 01 November 2016

Norfolk, Va., Office Property Backing CMBS Debt Sells for Less Than Appraised Value

Friday, 28 October 2016

260-Unit Apartment Community in Newport News, Va., Sold

Friday, 28 October 2016

Mixed-Use Development Site in Charles County, Md., Sold

Friday, 28 October 2016

Germantown, Md., Multifamily Complex Trades Hands

Thursday, 27 October 2016

Vornado in Talks with JBG to Spin Off, Sell D.C. Portfolio

Thursday, 27 October 2016

Trammell Crow to Begin Work on Pittsburgh Apartment Building

Thursday, 27 October 2016

Apartment Project Coming to Baltimore's Arts District

Thursday, 27 October 2016

Entertainment Venue Considered for Pittsburgh Redevelopment

Wednesday, 26 October 2016

Water's Edge Corporate Campus in Belcamp, Md., Hits the Market

Wednesday, 26 October 2016

286-Unit Multifamily Property in Claymont, Del., Trades Hands

Wednesday, 26 October 2016

SunTrust Downsizes Lease in Richmond, Va., Pulls Plans to Move

Tuesday, 25 October 2016

CoStar to Lease Large Space in Richmond, Va.

Tuesday, 25 October 2016

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

MOODY'S/RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

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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