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

Midwest Regional News

Apartment Conversion Planned for Vacant Detroit Building

Monday, 02 May 2016

$52Mln Hotel Opens in Cleveland

Monday, 02 May 2016

$900Mln Hotel, Condo Tower Slated for Chicago

Monday, 02 May 2016

Chicago Industrial Property with 1.27Mln SF Sells for $50Mln

Friday, 29 April 2016

Medical-Office Property Near Cleveland Sold for $10.35Mln

Friday, 29 April 2016

Luke Petherbridge Named CEO of Excel Realty Trust

Friday, 29 April 2016

$16.3Mln Apartment Project Slated for Indianapolis

Thursday, 28 April 2016

$15Mln Apartment Conversion Planned for Chicago Condo Building

Thursday, 28 April 2016

Work Starts on $16Mln Expansion of Kansas City Retail Center

Thursday, 28 April 2016

Cray Inc. Signs Lease for New Offices at Mall of America

Wednesday, 27 April 2016

Mixed-Use Building on Tap for Site of Former Department Store in Detroit

Wednesday, 27 April 2016

Former Motorola HQ in Harvard, Ill., Fetches $9.3Mln at Auction

Wednesday, 27 April 2016

Axis Apartments in Downtown Chicago for Sale

Wednesday, 27 April 2016

Indianapolis Brewer Plans to Build Hotel

Tuesday, 26 April 2016

175-Unit Apartment Project Planned for St. Paul, Minn.

Tuesday, 26 April 2016

$40.1Mln Industrial Building Completed in Chicago

Tuesday, 26 April 2016

$115Mln Mixed-Use Development Coming to Suburban Milwaukee

Monday, 25 April 2016

Swiss Company Provides $40Mln of Construction Financing for Chicago Hotel

Monday, 25 April 2016

$25Mln Hotel Under Construction in Boise, Idaho

Monday, 25 April 2016

Milwaukee Mall Slated for Mixed-Use Redevelopment

Monday, 25 April 2016

Historic Minneapolis Office Building Fetches $29.5Mln

Friday, 22 April 2016

$115Mln Mixed-Use Development Coming to Suburban Milwaukee

Friday, 22 April 2016

$16Mln Apartment Project Planned for Old Town Chicago

Friday, 22 April 2016

198-Unit Apartment Building in Chicago Sold for $140Mln

Thursday, 21 April 2016

Office, Retail Space Filled at Cincinnati Mixed-Use Building

Thursday, 21 April 2016

Indiana Retail Center Sells for $23Mln

Thursday, 21 April 2016

$60Mln Redevelopment Slated for Former Macy's Site in St. Paul, Minn.

Wednesday, 20 April 2016

$27Mln Seniors-Housing Development Planned in Suburban Minneapolis

Wednesday, 20 April 2016

Hotel Added to Mixed-Use Project in Suburban Cleveland

Wednesday, 20 April 2016

Industrial Building in Chicago's Meatpacking District Could Sell for More Than $20Mln

Wednesday, 20 April 2016

Suburban Chicago Office Property Sells for $30Mln

Wednesday, 20 April 2016

Vacant Chicago Industrial Site Slated for Office Building

Tuesday, 19 April 2016

300-Room Hotel Coming to Minneapolis Airport

Tuesday, 19 April 2016

Tenant Lined Up for New Office Building in Bloomington, Minn.

Tuesday, 19 April 2016

168,000-SF Building Planned in Milwaukee

Monday, 18 April 2016

Chicago's LondonHouse Hotel Sold for $315Mln

Monday, 18 April 2016

170-Unit Pasadena Apartments in Detroit on Sales Market

Monday, 18 April 2016

1.5Mln-SF Industrial Portfolio in Chicago Area Sold

Monday, 18 April 2016

Work to Start on $22Mln Apartment Conversion in Detroit

Thursday, 14 April 2016

Suburban Detroit Apartments Get $12.8Mln Loan

Thursday, 14 April 2016

Hotel Under Construction in Wichita, Kan.

Thursday, 14 April 2016

Kansas City, Mo., Development Gets Tax Credits

Thursday, 14 April 2016

Amazon to Open Fulfillment Center Near Kansas City

Wednesday, 13 April 2016

Lakefront Chicago Apartment Building to Hit Sales Market

Wednesday, 13 April 2016

Chicago Retail Center Sells for $19.95Mln

Wednesday, 13 April 2016

Sean Kropke Joins Cushman & Wakefield's Chicago Office

Tuesday, 12 April 2016

$35Mln Seniors-Housing Development Proposed for Suburban Cleveland

Tuesday, 12 April 2016

Spec Industrial Building Under Development in Elgin, Ill.

Tuesday, 12 April 2016

290,000-SF Office Building Under Construction in Chicago

Tuesday, 12 April 2016

Retail Tenants Signed for Mixed-Use Project in Duluth, Minn.

Monday, 11 April 2016
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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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CMBS 2.0 Spreads

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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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