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

Midwest Regional News

Hotel, Apartments to Open Next Month in Redeveloped Cleveland Building

Friday, 05 February 2016

Marquette Hotel in Minneapolis Sells for Record $265,125/Room

Friday, 05 February 2016

Large Office Building in Downtown St. Louis Sold

Thursday, 04 February 2016

Nakash Buys Chicago's Hotel Lincoln for More Than $70Mln

Thursday, 04 February 2016

Suburban Cleveland Office to Lose Sole Tenant

Thursday, 04 February 2016

Developer Buys Chicago Property as Part of Retail Development Expansion

Thursday, 04 February 2016

Financing Finalized for Multifamily Building Under Construction in Detroit

Thursday, 04 February 2016

Smithfield Foods Sells Indiana Distribution Center for $43Mln

Thursday, 04 February 2016

Industrial Building in Suburban St. Louis Sells for $15Mln

Wednesday, 03 February 2016

Associated Bank Lends $10.6Mln for Elgin, Ill., Industrial Buy

Wednesday, 03 February 2016

American Realty Advisors Buys I-88 Gateway Logistics Center in North Aurora, Ill.

Wednesday, 03 February 2016

Foreclosure Suit Could Delay Lincolnwood, Ill., Redevelopment

Wednesday, 03 February 2016

Revised Cleveland Mixed-Use Proposal to Have More Apartments

Tuesday, 02 February 2016

2 Speculative Industrial Buildings Completed in Lockport, Ill.

Tuesday, 02 February 2016

Former Hyatt Hotel in Dearborn, Mich., Sold

Tuesday, 02 February 2016

Chicago's Fulton Market Building for Sale

Tuesday, 02 February 2016

Mixed-Use Project Planned Near New Detroit Sports Arena

Monday, 01 February 2016

Simon Reports Lower Occupancy and Flat Traffic, But Higher Sales and Rents

Monday, 01 February 2016

Milwaukee Office Developer Drops Lawsuit; Hotel Project Moves Forward

Monday, 01 February 2016

Grandbridge Lends $30.8Mln Against Properties in Ohio, Minnesota

Monday, 01 February 2016

Brookfield Explores Possible Acquisition of GGP

Monday, 01 February 2016

Developer Scraps Hotel Plans for Downtown Boise, Idaho

Friday, 29 January 2016

3 Supermarket Chains Scouting Locations in Minneapolis-St.Paul Area

Friday, 29 January 2016

Milwaukee Apartments Get $51.1Mln Fannie Mae Loan

Friday, 29 January 2016

Downtown Chicago's Hotel Palomar Up for Sale

Friday, 29 January 2016

Construction Underway for Apartment Building in Boise, Idaho

Thursday, 28 January 2016

Auction Winner Drops Out of Buying St. Louis Outlet Mall; Officials Talk to Second-Highest Bidder

Thursday, 28 January 2016

New Hotel Planned for Downtown Dayton, Ohio

Thursday, 28 January 2016

Downtown Cleveland Landlords to Allow Apartment Sublets for GOP Convention

Thursday, 28 January 2016

Developer Plans Micro Apartments for Old Chicago Main Post Office

Thursday, 28 January 2016

Redevelopment in Store for Shopping Center in University Heights, Ohio

Thursday, 28 January 2016

Occupancy Rates Rising for Toledo Retail Space

Wednesday, 27 January 2016

GFI Capital Buys Kansas City Apartments, Plans to Develop More Units

Wednesday, 27 January 2016

Construction Begins on 23-Story Apartment Project in Chicago

Wednesday, 27 January 2016

Marriott Hotel Project Gets $36Mln Construction Loan

Wednesday, 27 January 2016

Downtown Chicago Hotel Facing Foreclosure

Wednesday, 27 January 2016

Proposed High-Rise in Milwaukee On Hold, Awaiting Sale of Downtown Property

Tuesday, 26 January 2016

Detroit Redevelopment On Track Despite Losing $80 Million in Financing

Tuesday, 26 January 2016

New Hilton Chain Targets Millennials Mainly in Midwest, West

Tuesday, 26 January 2016

Akerman More Than Doubles Footprint at Chicago's Hyatt Center

Tuesday, 26 January 2016

Invesco Buys Chicago Apartments for $240.3Mln

Tuesday, 26 January 2016

CBRE Taps Eastdil Secured to Sell Chicago's 181 West Madison

Tuesday, 15 December 2015

Chicago Landlord Charged With Lying to Lender

Monday, 07 December 2015

Waterton Eyes Adding 160 Units to Chicago Apartment Property

Monday, 23 November 2015

Suburban Chicago Office Sells for $44Mln

Thursday, 19 November 2015

Allianz Lends $156Mln Against Chicago's 333 West Wacker

Thursday, 12 November 2015

Buyer of Chicago's Talbott Hotel Plans Big Upgrades

Monday, 02 November 2015

164-Unit Apartment Project Planned for Milwaukee

Thursday, 29 October 2015

Suburban St. Louis Shopping Center Sells for $22Mln

Thursday, 29 October 2015

Hotel Conversion Planned for Cincinnati Office Building

Wednesday, 28 October 2015
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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 - 2015
Investment Bank #Deals Vol$mln MktShr%
Deutsche Bank 18.23 17,210.79 18.25
Wells Fargo Securities 17.77 14,715.47 15.61
JPMorgan Securities 14.43 11,589.38 12.29
Morgan Stanley 14.47 9,715.97 10.30
Credit Suisse 10.75 8,593.95 9.11

 

MOODY'S/RCA CPPI

 

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Top CMBS Loan Contributors - 2015
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 161.6 10,858.98 11.55
Deutsche Bank 218.0 8,867.97 9.43
Morgan Stanley 241.5 8,264.67 8.79
Bank of America 242.8 6,533.69 6.95
Citigroup 217.4 6,274.94 6.67

 

 

 

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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