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

Northeast Regional News

United Construction Offers for Sale Queens, N.Y., Development Site

Friday, 13 January 2017

3 Student-Housing Buildings Planned for Jersey City, N.J.

Friday, 13 January 2017

Paramount, Savanna Make Preferred Equity Investment in Manhattan Office Building

Thursday, 12 January 2017

Bank Provides $143Mln Against Manhattan Development Site

Thursday, 12 January 2017

CIM to Pay $90Mln for Manhattan Apartments

Thursday, 12 January 2017

McSam Pays $95Mln for Manhattan Hotel

Wednesday, 11 January 2017

140,000-SF Office Lease Signed at Four Times Square in Manhattan

Wednesday, 11 January 2017

Clarion Pays $33.5Mln for Acton, Mass., Retail Property

Tuesday, 10 January 2017

Hartford, Conn., Office Building to Sell for $49Mln

Tuesday, 10 January 2017

IPsoft Signs Lease for 139,642 SF at Lower Manhattan Office Building

Tuesday, 10 January 2017

South Orange, N.J., Apartment Building Trades Hands

Monday, 09 January 2017

Jared Kushner to Step Down as CEO of Kushner Cos.

Monday, 09 January 2017

Brooklyn, N.Y., Development Site Sells for $27.5Mln

Friday, 06 January 2017

LaSalle Pays $118.6Mln for Boston Office

Thursday, 05 January 2017

Ackman-Ziff Expands Investment-Sales Team

Thursday, 05 January 2017

Bank Lends $194Mln Against Brooklyn, N.Y., Redevelopment

Wednesday, 04 January 2017

Developer Lines Up $187Mln of Construction Financing for Manhattan Apartment Conversion

Tuesday, 03 January 2017

Queens, N.Y., Apartment Project Gets $127.5Mln Construction Loan

Tuesday, 03 January 2017

Wells Fargo Provides $290Mln Against Lower Manhattan Office Property

Friday, 30 December 2016

Criterion Lends $187Mln Against Brooklyn, N.Y., Development Site

Friday, 30 December 2016

AEW Acquires Minority Stake in Manhattan's One New York Plaza

Friday, 30 December 2016

HSBC Provides $278Mln of Debt Against Queens, N.Y., Development Site

Friday, 30 December 2016

Apartment Community in New Providence, N.J., Trades Hands

Thursday, 29 December 2016

Meadow Pays $54Mln for Brooklyn, N.Y., Office

Thursday, 29 December 2016

Brooklyn, N.Y., Apartments Fetch $31Mln

Thursday, 29 December 2016

45 Percent Stake in 1221 Avenue of the Americas Sold

Thursday, 29 December 2016

Vulcan Pays $93Mln for Manhattan Office Space

Thursday, 29 December 2016

Helaba, CIT Group Lend $90Mln for Manhattan Office, Retail Project

Thursday, 29 December 2016

Bank of the Ozarks Provides $53Mln Construction Loan for Manhattan Hotel

Thursday, 29 December 2016

Manhattan Apartment Portfolio Sells for $63.6Mln

Tuesday, 27 December 2016

LaSalle to Buy Boston's 10 Post Office Square for $180Mln-Plus

Friday, 23 December 2016

Acuity Pays $20.8Mln for Manhattan Apartments

Friday, 23 December 2016

Harlem, N.Y., Apartment Portfolio Sells for $37Mln

Friday, 23 December 2016

AIG to Lend $150Mln for Queens, N.Y., Apartments

Thursday, 22 December 2016

M&T Provides $65Mln Construction Loan for Manhattan Hotel Project

Thursday, 22 December 2016

Kushner Venture Closes on Purchase of Brooklyn, N.Y., Development Site

Thursday, 22 December 2016

Madison Provides $90Mln Construction Loan for Brooklyn, N.Y., Apartment Property

Wednesday, 21 December 2016

Manhattan Office Building Fetches $108Mln

Wednesday, 21 December 2016

Flank Buys Out Partner in Brooklyn, N.Y., Development Site

Wednesday, 21 December 2016

Sugar Hill Pays $39Mln for Manhattan Apartment Portfolio

Tuesday, 20 December 2016

Fully-Leased Industrial Building in Union, N.J., Trades Hands

Tuesday, 20 December 2016

Natixis Lends $58Mln Against Manhattan Retail Properties

Monday, 19 December 2016

Extell Lining up Fresh Debt Against Manhattan Development Site

Monday, 19 December 2016

Brookfield Provides $300Mln of Debt Against Manhattan Apartment Portfolio

Monday, 19 December 2016

JEMB Offers for Sale Stake in Manhattan Office Building

Monday, 19 December 2016

$96Mln Construction Loan Provided for Manhattan Apartments

Friday, 16 December 2016

Durst Pays $175Mln for Queens, N.Y., Development Site

Friday, 16 December 2016

Manhattan Retail Space Fetches $67.7Mln

Thursday, 15 December 2016

Related Venture Pays $30Mln for Brooklyn, N.Y., Apartment Portfolio

Thursday, 15 December 2016

Bank Leumi Provides $93Mln Loan Against Brooklyn, N.Y., Apartments

Wednesday, 14 December 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 - 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

 

MOODY'S/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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