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

Midwest Regional News

GGP Venture Agrees to Sell Lincolnshire, Ill., Shopping Center

Wednesday, 30 July 2014

Wintrust Signs Lease for 150,000 SF in Chicago Office Building

Wednesday, 30 July 2014

Sterling Bay Venture to Pay $53Mln for Chicago Office Space

Wednesday, 30 July 2014

Two Pershing Square in Kansas City, Mo., Seen Coming to Market

Tuesday, 29 July 2014

2 Suburban Chicago Office Buildings Offered for Sale

Tuesday, 29 July 2014

C-III Alleges Omaha, Neb., Borrower Lied in Debt Payoff Talks

Monday, 28 July 2014

Heartland to Convert Historic Minneapolis Building into Hotel

Friday, 25 July 2014

Developers Approved for 380,000-SF Project in Cincinnati

Friday, 25 July 2014

Golub, Archon List Chicago Office Building for Sale

Friday, 25 July 2014

Chicago Office Space to be Converted into Hotel

Thursday, 24 July 2014

Huntington Bank Eyes New Headquarters Location in Cincinnati

Thursday, 24 July 2014

Howard Hughes-Led Venture Buys Land under GGP's Chicago HQ

Wednesday, 23 July 2014

Suburban Chicago Developer Files for Bankruptcy

Wednesday, 23 July 2014

Harrison Street Venture to Develop $300Mln Mixed-Use Project in Chicago

Wednesday, 23 July 2014

Chicago-Area Industrial Vacancy Rate Drops

Tuesday, 22 July 2014

Stage Equity Buys Columbus, Ohio, Medical-Office Building

Tuesday, 22 July 2014

PCCP-Led Venture to Develop St. Louis-Area Warehouse

Tuesday, 22 July 2014

JPMorgan Forms Venture with Chicago Developer

Monday, 21 July 2014

Venture Gets $105Mln of Financing for Chicago Mixed-Use Project

Friday, 18 July 2014

125,000-SF Office Building in Cincinnati Offered for Sale

Friday, 18 July 2014

Engineering Firm to Move HQ to Bloomington, Minn.

Thursday, 17 July 2014

Matt Van Slooten to Join CSM Group

Thursday, 17 July 2014

Franklin Street to Redevelop Downtown Minneapolis Building

Thursday, 17 July 2014

Crescent Heights to Sell Chicago Development Parcel for $70Mln

Wednesday, 16 July 2014

Federal Government Seeks Ideas for Chicago Buildings

Wednesday, 16 July 2014

Publisher Leases 160,000 SF in Suburban Chicago

Wednesday, 16 July 2014

Sage Paid $33.1Mln for Minnetonka, Minn., Hotel

Tuesday, 15 July 2014

IStar, JDL Get $79Mln Construction Loan for Chicago Apartments

Tuesday, 15 July 2014

Bank Lends $90Mln for Chicago Apartment Project

Tuesday, 15 July 2014

Suburban Chicago Industrial Portfolio Sells for $45Mln

Tuesday, 15 July 2014

Minneapolis Office Building under Sales Agreement

Monday, 14 July 2014

Data-Center Developer Pays $18Mln for Chicago Printing Plant

Monday, 14 July 2014

Trammell Crow Venture Plans $700Mln Mixed-Use Project in Cleveland

Friday, 11 July 2014

Indianapolis Office Park Sells for $120Mln

Friday, 11 July 2014

240,000-SF Office Project Breaks Ground in Minneapolis

Thursday, 10 July 2014

St. Paul, Minn., Office Building Sells for $40Mln

Thursday, 10 July 2014

LaSalle to Pay $210Mln for Chicago Office Building

Wednesday, 09 July 2014

Chinese Group to Invest $900Mln in Chicago Hotel, Apartment Project

Wednesday, 09 July 2014

Chicago Apartment Property Fetches $25.2Mln

Wednesday, 09 July 2014

$40Mln Mixed-Use Complex Proposed for Overland Park, Kan.

Tuesday, 08 July 2014

Suburban Chicago Office Vacancy Rate Drops

Tuesday, 08 July 2014

PNC Provides Construction Loan for Chicago Apartment Project

Tuesday, 08 July 2014

2 Businesses May Lease 600,000 SF in Detroit-Area Office Complex

Monday, 07 July 2014

2 Hotel Chains Lined up for Shuttered Rosemont, Ill., Property

Monday, 07 July 2014

Pension Fund Lists Chicago Apartments for Sale

Monday, 07 July 2014

Niles, Ill., Shopping Center Sells for $50.3Mln

Monday, 07 July 2014

Duke Sells Cincinnati-Area Office Portfolio for $150.45Mln

Monday, 07 July 2014

Cornerstone Venture Sells Minnetonka, Minn., Hotel

Thursday, 03 July 2014

GE Capital Unit Signs for 75,000 SF in Chicago Office Building

Thursday, 03 July 2014

Venture Seeks Fresh Debt for Downers Grove, Ill., Shopping Center

Thursday, 03 July 2014
Page 1 of 154

Data Digest

 

CMBS Deliquency Volume

dqdataFP1

 

CMBS Special Servicing Volume

sschartfp

Top Bookrunners
Private-Label CMBS

1H2014

Investment Bank

#Deal

Bal $mln

Mkt
Shr%

Deutsche Bank

16.0

12,761.50

32.44

JPMorgan

6.10

4,856.29

12.35

Wells Fargo

8.11

4,790.00

12.18

Citigroup

4.33

3,750.65

9.54

Goldman Sachs

4.00

3,722.62

9.46

 

Moody’s/RCA CPPI

cppichartAFP

 

CMBS Pricing Matrix (Legacy AAA Spreads)

AAAspreadsFPa

 

Top Loan Contributors
Domestic, Private-Label CMBS - 1H2014

Lender

Vol $mln

Mkt
Shr%

Deutsche Bank

8,118.01

20.87

JPMorgan

4,486.83

11.53

CCRE

3,064.41

7.88

Citigroup

2,779.70

7.15

Goldman Sachs

2,604.85

6.70

 

 

 

REITCafe

  • Non-traded REITs Contribute to Listed REIT Expansion
    Non-traded REITs, especially those focused on healthcare, lodging, and retail, have been very popular in recent years and have become a notable source of expansion for the listed REIT market. Collectively, they raised $8.8 billion during the first half of 2014 and sales are in line to reach $20 billion by year end...
     
  • Leasing for Fall Student Housing Moves Forward
    Long term growth in college enrollment means good news for REITs that invest in student housing. Although full time enrollment slipped in 2011 and 2012, the Department of Education’s National Center for Education Statistics reports that total enrollment in postsecondary degree-granting institutions is projected to grow 14%...

  • Timber and Lodging Lead REITs in June
    As of mid-year 2014, REITs are outperforming other investment sectors. Year-to-date, the FTSE NAREIT All Equity REIT total return was 16.25%, which compares favorably to the S&P 500 (7.14%), DJIA (1.51%), Russell 2000 ( 3.19%), and NASDAQ (5.54%). While year-to-date performance is very strong, the FTSE NAREIT All Equity REIT...

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