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

Midwest Regional News

Nobu Hotel in Chicago Slated to be Sold

Monday, 11 December 2017

Proposals Sought for Detroit Apartment Project

Monday, 11 December 2017

Ramco-Gershenson Seeks New CEO

Friday, 08 December 2017

High-Rise Apartments Planned in Downtown St. Louis

Friday, 08 December 2017

$220 Million Industrial Project Slated for Suburban Kansas City, Mo.

Friday, 08 December 2017

CIM/Golub Venture Buys Chicago Apartment Property

Friday, 08 December 2017

Kansas City, Mo., Office Building Slated to be Sold

Thursday, 07 December 2017

Simon Wins Legal Battle to Keep Teavana Stores Open

Thursday, 07 December 2017

Suburban Chicago Lord & Taylor Store to Close

Thursday, 07 December 2017

Mixed-Use Project Approved for Suburban Kansas City Retail Center

Wednesday, 06 December 2017

Large Office Lease Deals Decline in Cleveland Area

Wednesday, 06 December 2017

AIG Takes Over Suburban Milwaukee Mixed-Use Property

Wednesday, 06 December 2017

Bedrock Buys Properties in Detroit, Including Historic Buhl Building

Tuesday, 05 December 2017

Chicago's James Hotel on the Sales Market

Tuesday, 05 December 2017

Cleveland Apartment Building with 295 Units Slated to be Sold

Monday, 04 December 2017

$30Mln Hotel Redevelopment Slated for Toledo, Ohio

Monday, 04 December 2017

Suburban Minneapolis Distribution Center Sold for $18.65Mln

Friday, 01 December 2017

Demolition of Cleveland-Area Mall Begins; Amazon Distribution Center Planned

Friday, 01 December 2017

Former Johnson Publishing HQ in Chicago Slated for Multifamily Redevelopment

Thursday, 30 November 2017

$30Mln Hotel Planned in Indianapolis

Thursday, 30 November 2017

Former Offices of St. Paul, Minn., Newspaper to Become Affordable Housing

Thursday, 30 November 2017

New Leases Inked for Historic Detroit Office Building

Wednesday, 29 November 2017

Apartment Redevelopment Planned for St. Paul, Minn.

Wednesday, 29 November 2017

Bedrock in Talks to Buy Detroit Development Site

Tuesday, 28 November 2017

Downtown Cleveland Hotel Fetches $39.6Mln

Tuesday, 28 November 2017

Suburban Chicago Office Buildings Sell for $78.3Mln

Tuesday, 28 November 2017

Detroit's Pontiac Silverdome Set for Demolition

Monday, 27 November 2017

Former Walmart in Suburban Cleveland Sold

Monday, 27 November 2017

$44Mln Redevelopment Planned for Former St. Louis Printing Plant

Wednesday, 22 November 2017

Suburban St. Louis Apartments Completed

Wednesday, 22 November 2017

Suburban Minneapolis Office Fetches $25.75Mln in Sale-Leaseback Deal

Wednesday, 22 November 2017

Chicago High-Rise Developer Disputes Report of Chinese Partner Selling Stake

Tuesday, 21 November 2017

Former AT&T Building Sold in Downtown Cleveland

Tuesday, 21 November 2017

Milwaukee Athletic Club Slated for $30Mln Redevelopment

Tuesday, 21 November 2017

Google Confirms Lease for Downtown Detroit Office Space

Tuesday, 21 November 2017

Downtown Chicago Office Tower Fetches $86.4Mln; $20Mln Renovation Planned

Monday, 20 November 2017

$44Mln Boutique Hotel Slated for Downtown Cincinnati

Friday, 17 November 2017

138-Room Hotel Planned for Downtown Boise, Idaho

Friday, 17 November 2017

Suburban Chicago Apartments Trade for $39.9Mln

Friday, 17 November 2017

Former Oscar Mayer Plant in Wisconsin Slated for Redevelopment

Thursday, 16 November 2017

Suburban Minneapolis Office Building to be Replaced with Distribution Center

Thursday, 16 November 2017

Downtown Detroit Building Fails to Sell at Auction

Thursday, 16 November 2017

Suburban Chicago Apartments Sell for $110.5Mln

Wednesday, 15 November 2017

$33Mln Mixed-Use Redevelopment Completed in Kansas City, Mo.

Tuesday, 14 November 2017

439-Bed Student-Housing Property in Chicago for Sale

Monday, 13 November 2017

Downtown Chicago Office Property Hits Sales Market

Monday, 13 November 2017

$108Mln Lent Against Seniors-Housing Portfolio in Illinois, Texas

Monday, 13 November 2017

Milwaukee Apartments Sell for $24.5Mln

Friday, 10 November 2017

Wooden Office Building Slated for former Chicago Lumberyard

Friday, 10 November 2017

Chicago Hotel Construction Halted While Developer Seeks Financing

Thursday, 09 November 2017
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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

 

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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