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

Northeast Regional News

Starwood Offers for Sale Hotel Portfolio

Friday, 24 June 2016

Madison Realty Lends $44Mln Against Manhattan Student-Housing Property

Friday, 24 June 2016

Fire Department Renews Lease at Brooklyn, N.Y., Office Property

Friday, 24 June 2016

ASB to Pay $90Mln for Manhattan Retail Property

Friday, 24 June 2016

M&T Bank Provides $67.8Mln Construction Loan for Manhattan Condos

Thursday, 23 June 2016

Nightingale Pays $27.7Mln for Manhattan Office Building

Wednesday, 22 June 2016

Bank Group in Talks to Provide $1.5Bln for Manhattan Office Project

Wednesday, 22 June 2016

Queens, N.Y., Office Building to Sell for $90Mln

Wednesday, 22 June 2016

Rahway, N.J., Apartments Sell for $29.3Mln

Tuesday, 21 June 2016

Accounting Firm in Talks to Lease up to 175,000 SF in Hoboken, N.J

Tuesday, 21 June 2016

Manhattan's Plaza Hotel May be Selling for $352Mln

Tuesday, 21 June 2016

Merrill Lynch Signs Lease for 125,000 SF at Manhattan's 75 Rockefeller Plaza

Tuesday, 21 June 2016

54-Unit Apartment Building in Manhattan Sells for $16Mln

Monday, 20 June 2016

Dalan Offers for Sale 2 Manhattan Office Buildings

Monday, 20 June 2016

Manhattan Apartment Complex Offered for Sale

Friday, 17 June 2016

Manhattan Parking Garage Sells for $32.2Mln

Friday, 17 June 2016

JPMorgan Chase Bank Lends Against Manhattan Office, Retail Property

Thursday, 16 June 2016

Allianz Acquires 49 Percent Stake in Manhattan Office Property

Thursday, 16 June 2016

$15Mln Redevelopment Creates 344 Apartment Units in Chicago

Thursday, 16 June 2016

Prana Pays $45.5Mln for Manhattan Apartments

Thursday, 16 June 2016

Zara Pays $21.5Mln for Queens, N.Y., Apartments

Thursday, 16 June 2016

Citibank Lends $89.5Mln Against Bronx, N.Y., Apartments

Thursday, 16 June 2016

Midtown Manhattan Building Sells for $73Mln

Thursday, 16 June 2016

Bronx, N.Y., Industrial Building Sells for $44Mln

Thursday, 16 June 2016

Thor Pays $75.5Mln for 2 Harlem, N.Y., Commercial Buildings

Thursday, 16 June 2016

Capital One Writes $32Mln Freddie Mac Loan Against Manhattan Cooperative

Thursday, 16 June 2016

CMBS Loan That Encumbers N.J. Office Property Extended Through 2018

Wednesday, 15 June 2016

Sotheby's Again Offers Manhattan HQ for Sale

Wednesday, 15 June 2016

Citi Closes on Purchase of Lower Manhattan Office Building

Tuesday, 14 June 2016

French Investor Acquires Manhattan's 693 Fifth Ave.

Monday, 13 June 2016

Spear Street to Pay $87Mln for Suburban Boston Office Property

Monday, 13 June 2016

Hudson Pays $50Mln for Brooklyn, N.Y., Apartments

Friday, 10 June 2016

Bank of the Ozarks Provides Construction Debt for Manhattan Condos

Friday, 10 June 2016

Brooklyn, N.Y., Office Building Sells for $46.6Mln

Friday, 10 June 2016

Apollo Lends $50Mln Against Manhattan Office Buildings

Friday, 10 June 2016

Piscataway, N.J., Data Center Trades Hands

Thursday, 09 June 2016

McSam Pays $27.1Mln for Manhattan Retail Property

Thursday, 09 June 2016

Beth Israel Offers for Sale Portion of Manhattan Medical Campus

Thursday, 09 June 2016

Beacon Offers for Sale Boston Office Building

Wednesday, 08 June 2016

Related in Talks to Pay $115Mln for Queens, N.Y., Apartments

Wednesday, 08 June 2016

Durst Acquires East Harlem, N.Y., Development Site

Wednesday, 08 June 2016

Concord, N.H., Mall That Had Backed $35.8Mln of CMBS Debt Sells for $10.3Mln

Tuesday, 07 June 2016

Deutsche Provides $100.5Mln Construction Loan for Manhattan Residential Condos

Tuesday, 07 June 2016

Gemini Pays $53Mln for Manhattan Apartment, Retail Buildings

Monday, 06 June 2016

Suburban Boston Apartment Property Sells for $66.8Mln

Monday, 06 June 2016

Apartment, Retail Building in Brooklyn, N.Y., Fetches $46.7Mln

Friday, 03 June 2016

Starwood Provides $330Mln Construction Debt for Brooklyn, N.Y. Apartments

Friday, 03 June 2016

Boston Office Building Sells for $16Mln

Friday, 03 June 2016

Santander Lends $39Mln Against Queens, N.Y., Apartments

Thursday, 02 June 2016

Multi-Employer Property Trust to Acquire Boston Office Building

Thursday, 02 June 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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