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

Northeast Regional News

Hartford, Conn., Conversion Project Stalls Due to Financing Delay

Tuesday, 17 October 2017

46-Unit Condo Development Proposed for Boston

Tuesday, 17 October 2017

Brooklyn, N.Y., Apartment Building Trades for $43.3Mln

Tuesday, 17 October 2017

Savanna Pays $195Mln for Manhattan Office Building

Tuesday, 17 October 2017

Midwood Pays $23.4Mln for 2 Mixed-Use Buildings in Manhattan

Monday, 16 October 2017

Icon in Talks to Secure Financing Against 2 Manhattan Condo Projects

Monday, 16 October 2017

Kushner, Vornado Clash Over Plans for 666 Fifth Ave. in Manhattan

Monday, 16 October 2017

L&L-Led Partnership to Invest Up to 4Bln in New York Deals

Monday, 16 October 2017

M&T Lends $33.4Mln Against Manhattan Retail Space

Friday, 13 October 2017

Venture Seeking $230Mln for Manhattan Apartment Building

Friday, 13 October 2017

CIM Group Gets $110Mln Loan for Brooklyn, N.Y., Office Building

Friday, 13 October 2017

Unizo Pays $467.5Mln for Manhattan's 685 Third Ave.

Friday, 13 October 2017

Development Site in Queens, N.Y., to Sell for $23Mln

Thursday, 12 October 2017

Plans Filed for Affordable-Housing Project in Brooklyn, N.Y.

Thursday, 12 October 2017

$225Mln Lent Against Retail Space at Manhattan Office Tower

Thursday, 12 October 2017

SL Green Offers 305,000-SF Office Building in Manhattan for Sale

Thursday, 12 October 2017

Extell Receives $50Mln Construction Loan for Lower Manhattan Condo Project

Wednesday, 11 October 2017

McSam Paying $60Mln for Manhattan Development Site

Wednesday, 11 October 2017

New York City Agency Signs 222,137-SF Office Lease in Manhattan

Wednesday, 11 October 2017

Metro Loft Receives $385Mln Loan Against Manhattan Apartment Building

Wednesday, 11 October 2017

Highgate to Pay $200Mln for Manhattan Hotel

Tuesday, 10 October 2017

$125Mln Lent Against Manhattan Mixed-Use Building

Tuesday, 10 October 2017

Manhattan Apartment Building Trades for $51Mln

Tuesday, 10 October 2017

Venture Pays $40.4Mln for Suburban Boston Office Complex

Tuesday, 10 October 2017

Nordblom Reveals Plans for Former Boston Globe HQ Site

Friday, 06 October 2017

New York REIT Seen Selling 2 Manhattan Office Buildings for $155Mln

Friday, 06 October 2017

$202Mln Lent Against Manhattan Apartment Building

Friday, 06 October 2017

Manhattan Apartment Complex Trades for $110.3Mln

Friday, 06 October 2017

Columbia Property to Pay $500Mln for 2 Manhattan Office Buildings

Thursday, 05 October 2017

Bank of the Ozarks Lends $215Mln Against Manhattan Apartment Project

Thursday, 05 October 2017

Manhattan Retail Building Fetches $73.3Mln

Thursday, 05 October 2017

2 Brooklyn, N.Y., Warehouses Trade for $47Mln

Thursday, 05 October 2017

Wells Fargo Lends $125Mln Against 2 Manhattan Hotels

Wednesday, 04 October 2017

Developer Files Plans for 159-Room Hotel in Boston

Wednesday, 04 October 2017

RBH Lines Up $21Mln in Financing Against Hartford, Conn., Apartment Project

Wednesday, 04 October 2017

Seagis Pays $31Mln for 3 Brooklyn, N.Y., Warehouses

Wednesday, 04 October 2017

Law Firm Leases 100,952 SF at Manhattan Office Building

Tuesday, 03 October 2017

Mixed-Use Building in Boston Trades for $23Mln

Tuesday, 03 October 2017

Henley Investments Pays $21Mln for 2 Apartment Buildings in Manhattan

Tuesday, 03 October 2017

Tishman Speyer Buys Air Rights for Manhattan Office Project

Tuesday, 03 October 2017

Stake in Manhattan Condo Project Sold for $127.4Mln

Monday, 02 October 2017

Natixis to Lend $170Mln for Manhattan Hotel Acquisition

Monday, 02 October 2017

80-Unit Apartment Building in Boston Offered for Sale

Monday, 02 October 2017

$82.9Mln Lent Against Queens, N.Y., Apartment Development

Friday, 29 September 2017

Harvard to Fully Occupy Cambridge, Mass., Building

Friday, 29 September 2017

Developer Plans 161-Unit Apartment Project in the Bronx, N.Y.

Friday, 29 September 2017

Extell Pays $19Mln for Manhattan Office Building

Friday, 29 September 2017

Manhattan Apartment Building Trading for $49Mln

Thursday, 28 September 2017

Dolben Co. Lines up Construction Financing for N.H. Apartment Project

Thursday, 28 September 2017

Vornado Aims to Sell Manhattan Building for $225Mln

Thursday, 28 September 2017
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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

 

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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