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

Northeast Regional News

RFR Acquires Mezzanine Loan Against Manhattan Hotel

Thursday, 04 February 2016

270-Room W Hotel in Manhattan Hits Sales Market

Thursday, 04 February 2016

Sugar Hill Pays $21.6Mln for Manhattan Apartments

Thursday, 04 February 2016

Commercial, Residential Project Being Developed in Staten Island, N.Y.

Wednesday, 03 February 2016

3 Brooklyn, N.Y., Apartment Buildings Sold for $37.8Mln

Wednesday, 03 February 2016

$57Mln of Construction Financing Lined up for Manhattan Condo Project

Wednesday, 03 February 2016

Piedmont Sells Lyndhurst, N.J., Office Building for $50Mln

Wednesday, 03 February 2016

Madison to Pay $135Mln for Queens, N.Y., Apartments

Tuesday, 02 February 2016

New York Community Bank Provides $75.6Mln of Debt Against Manhattan Apartments

Tuesday, 02 February 2016

Prudential Lends $70Mln Against Manhattan Office Building

Tuesday, 02 February 2016

Extell in Talks to Acquire Manhattan Commercial Building

Tuesday, 02 February 2016

GDC Pays $31Mln for Brooklyn, N.Y., Apartments

Monday, 01 February 2016

Ruben Acquires Land Beneath Manhattan's 1700 Broadway

Monday, 01 February 2016

Development Site in Manhattan Sells for $23Mln

Monday, 01 February 2016

MLB Eyes 500,000 SF at Manhattan's 1271 Avenue of Americas

Monday, 01 February 2016

Strategic Financial Signs Lease for 49,731SF at 711 Third Ave. in Manhattan

Monday, 01 February 2016

Crescent Heights Pays $36Mln for Land in Boston

Friday, 29 January 2016

Thor Pays $34.4Mln for 3 Manhattan Apartment Buildings

Thursday, 28 January 2016

GE Leases Space in Boston Office Building

Wednesday, 27 January 2016

6 Apartment Buildings in Manhattan's Upper East Side Hit Sales Market

Wednesday, 27 January 2016

World Wide Group Pays $103Mln for Brooklyn, N.Y., Apartments

Wednesday, 27 January 2016

Pershing, Winthrop File Lawsuit Over Sale of StuyTown

Tuesday, 26 January 2016

Madison Realty Provide $48.5Mln Bridge Loan Against Manhattan Development Site

Tuesday, 26 January 2016

LaSalle Acquires Majority Stake in Lower Manhattan Office Property

Monday, 25 January 2016

Manhattan Development Site Hits Sales Market

Monday, 25 January 2016

Bank of China Provides $320Mln Construction Loan Against Manhattan Condo Property

Monday, 25 January 2016

SL Green Not in Talks to Acquire New York REIT

Friday, 22 January 2016

Shelbourne Backing Out of Deal to Acquire Hartford, Conn., Office Building

Friday, 22 January 2016

Westbrook Pays $90Mln for Boston Office Portfolio

Friday, 22 January 2016

Tribeca to Acquire Manhattan Office Building

Friday, 22 January 2016

Queens, N.Y., Apartments Fetch $97Mln

Thursday, 21 January 2016

New York REIT Hires Eastdil Secured to Market for Sale Manhattan's Viceroy Hotel

Thursday, 21 January 2016

First Atlantic Capital Pays $33.5Mln for Manhattan Office, Retail Building

Wednesday, 20 January 2016

Lightstone Lines Up Financing to Fund Conversion of Manhattan Offices into Hotel

Wednesday, 20 January 2016

Related Pays $152.3Mln for Development Site in Manhattan's Hudson Yards

Tuesday, 19 January 2016

ING Signs Lease for 132,400 SF at Manhattan's 1133 Avenue of the Americas

Tuesday, 19 January 2016

Invesco Pays $112Mln for Manhattan Retail Space

Tuesday, 19 January 2016

MRP, Deutsche to Pay $240Mln for 405 Park Ave. in Manhattan

Friday, 15 January 2016

Xinyuan Pays $57.5Mln for Manhattan Development Site

Friday, 15 January 2016

TF Cornerstone Eyes Debt for Properties in D.C., Manhattan

Thursday, 14 January 2016

Anbau Offers $130Mln for Brooklyn, N.Y., Retail Properties

Thursday, 14 January 2016

DLA Renews Lease for 200,000 SF at 1251 Avenue of the Americas in Manhattan

Wednesday, 13 January 2016

Crown Signs Ground Lease for Queens, N.Y., Retail Property

Tuesday, 12 January 2016

Putnam to Occupy 250,000 SF at Boston's 100 Federal St.

Tuesday, 12 January 2016

Manhattan Condo Project to Get Debt from BofA

Monday, 11 January 2016

Wells Fargo Lends $158Mln Against Boston Mixed-Use Project

Monday, 11 January 2016

M&T Bank Provides $153Mln Construction Loan for Manhattan Condos

Monday, 11 January 2016

Ascot to Pay $38.5Mln for Manhattan Retail Property

Friday, 08 January 2016

Rhodium Pays $98Mln for Manhattan Apartment Portfolio

Friday, 08 January 2016

Meridian Arranged ACORE Loan Against Queens, N.Y., Apartment Portfolio

Friday, 08 January 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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