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

Northeast Regional News

164-Unit Apartment Building in Queens, N.Y., Fetches $41Mln

Monday, 29 August 2016

UBS, Morgan Stanley Lend $195Mln Against Manhattan Retail Property

Monday, 29 August 2016

Orbach Buys Brooklyn, N.Y., Apartment Portfolio for $17Mln

Monday, 29 August 2016

McSam Pays $155Mln for 2 Manhattan Hotels

Friday, 26 August 2016

AION Acquires Full Ownership of Manhattan Office Property

Friday, 26 August 2016

Piedmont Pays $67.4Mln for Burlington, Mass., Office Property

Friday, 26 August 2016

Kaufman, Principal Recapitalize Manhattan Office Portfolio

Thursday, 25 August 2016

Stakes in Lower Manhattan Office Property Offered for Sale

Wednesday, 24 August 2016

Blackstone, SL Green Lend $240Mln Against Manhattan Office Property

Tuesday, 23 August 2016

Santander Provides $17.9Mln Construction Loan for Queens, N.Y., Apartments

Tuesday, 23 August 2016

Amalgamated Lends $30Mln Against Manhattan Office, Retail Property

Tuesday, 23 August 2016

Normandy Venture Offers for Sale Brooklyn, N.Y., Warehouse

Tuesday, 23 August 2016

Harlem, N.Y., Church Sells for $28.5Mln

Thursday, 18 August 2016

Blackstone Close to Deal for Manhattan Apartment Property

Thursday, 18 August 2016

Federal Realty Pays $25.2Mln for Suburban Boston Retail Space

Thursday, 18 August 2016

Extell Nears Deal for Construction Debt Against Manhattan Condo Project

Wednesday, 17 August 2016

Deutsche Bank Lends $215Mln Against Manhattan Hotel Project

Tuesday, 16 August 2016

Stellar Buys Out Partner in Manhattan's One SoHo Square

Tuesday, 16 August 2016

441 Ninth Ave. in Manhattan to Fetch $330Mln

Monday, 15 August 2016

Brooklyn, N.Y., Development Site Sells for $33Mln

Monday, 15 August 2016

Dalan Pays $50Mln for Manhattan Apartment Building

Friday, 12 August 2016

RXR Pays $28.7Mln for Brooklyn, N.Y., Parking Lot

Thursday, 11 August 2016

130 Apartment Units in Manhattan to Sell for $100Mln

Wednesday, 10 August 2016

First Niagara Provides $22.1Mln Construction Loan for Bronx, N.Y., Apartments

Wednesday, 10 August 2016

Deutsche Bank Lends $112Mln Against Saxon Hall Apartments in Queens, N.Y.

Tuesday, 09 August 2016

Midtown Manhattan Development Site Sells for $61.5Mln

Tuesday, 09 August 2016

WeWork Leases 159,300 SF at Midtown Manhattan Office Property

Tuesday, 09 August 2016

JPMorgan Lends $100Mln Against Manhattan Office Property

Monday, 08 August 2016

Vacant Manhattan Office Selling for $38Mln

Friday, 05 August 2016

Hong Kong Investor Buys Stake in Manhattan's Three Bryant Park

Thursday, 04 August 2016

Deutsche Provides $60Mln Construction Loan for Queens, N.Y. Apartments

Thursday, 04 August 2016

Chetrit Venture in Talks for Fresh Debt Against Manhattan Office Property

Thursday, 04 August 2016

M&T Bank Lends $37Mln Against Manhattan Office Building

Thursday, 04 August 2016

New York-Presbyterian to Lease 500,000 SF at 237 Park Ave. in Manhattan

Thursday, 04 August 2016

Vanbarton to Pay $90Mln for Lower Manhattan Office Property

Wednesday, 03 August 2016

Zurich Signs Lease for 132,000 SF at Four World Trade Center in Manhattan

Wednesday, 03 August 2016

Westbrook to Pay $74Mln for Suburban Boston Hotel

Tuesday, 02 August 2016

Extell Brings in Partner for Manhattan Condo Project

Tuesday, 02 August 2016

Allianz Acquires 44 Percent Stake in Manhattan Office Building

Tuesday, 02 August 2016

Forest City Offers Boulevard Mall Near Buffalo, N.Y., for Sale

Monday, 01 August 2016

Black Spruce Pays $110Mln for Manhattan Apartment Portfolio

Monday, 01 August 2016

Durst Seeks $100Mln from EB-5 for Queens, N.Y., Development

Monday, 01 August 2016

Macklowe Seeks $1Bln to Redevelop 1 Wall St.

Friday, 29 July 2016

Office Near Manhattan's Penn Station Selling for $50Mln

Friday, 29 July 2016

Mesa West Lends $25Mln Against Manhattan Apartments

Friday, 29 July 2016

Under Armour to Lease Some of FAO Schawrz Space in Manhattan

Thursday, 28 July 2016

Blackstone Offers for Sale 1065 Avenue of the Americas in Manhattan

Thursday, 28 July 2016

MSD Pays $63Mln for Air Rights Above Manhattan's Grand Central Terminal

Thursday, 28 July 2016

Office/Retail Building in Manhattan's Flatiron District Hits Sales Market

Wednesday, 27 July 2016

Atlas to Pay $37.4Mln for Brooklyn, N.Y., Warehouse

Tuesday, 26 July 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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