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

Northeast Regional News

Hersha Buys Boston Hotel for $70.8Mln

Monday, 25 July 2016

Home Depot Pays $34Mln for Retail Property It Occupies in West Roxbury, Mass.

Monday, 25 July 2016

ACORE Lends $136Mln Against Queens, N.Y., Property

Friday, 22 July 2016

Carmel Partners Offers for Sale Air Rights in Manhattan

Friday, 22 July 2016

Manhattan Apartment Building Sells for $39Mln

Friday, 22 July 2016

Court Halts Federal Government Seizure of Manhattan Office Building

Friday, 22 July 2016

GreenOak Acquires Stake in Boston Office Building

Friday, 22 July 2016

Orbach Pays $26Mln for Manhattan Apartments

Thursday, 21 July 2016

Bloomberg Renews Lease at 919 Third Ave. in Manhattan

Thursday, 21 July 2016

Boston Globe's HQ to Fetch $80Mln

Thursday, 21 July 2016

Related Beal Pays $25Mln for Boston Hotel

Wednesday, 20 July 2016

Property Markets Group to Pay $50Mln for Brooklyn, N.Y., Land

Wednesday, 20 July 2016

2 Office Buildings in Manhattan's Garment District Fetch $37.3Mln

Wednesday, 20 July 2016

AllianceBernstein Pays $100.4Mln for Manhattan's George Washington Hotel

Wednesday, 20 July 2016

Manhattan Development Site Sells for $54Mln

Tuesday, 19 July 2016

Brooklyn, N.Y., Apartments Fetch $22.4Mln

Tuesday, 19 July 2016

Fairstead Pays $22.5Mln for Manhattan Hotel; Apartment Conversion Planned

Tuesday, 19 July 2016

RFR Pays $22Mln for 14 Unsold Condo Units at Manhattan's Phillip House

Tuesday, 19 July 2016

Brooklyn, N.Y., Development Site Sells for $29.5Mln

Tuesday, 19 July 2016

Investors Bank Lends $30Mln Against Brooklyn, N.Y., Apartments

Tuesday, 19 July 2016

Bank of the Ozarks Provides $115Mln Construction Debt for Manhattan Hotel

Tuesday, 19 July 2016

Retail Property in Suburban Hartford Sells for $29Mln

Tuesday, 19 July 2016

Bank of New York Mellon Lends $120Mln Against Manhattan Office Building

Tuesday, 19 July 2016

City Agency Inks 182,750-SF Lease at 375 Pearl St. in Manhattan

Tuesday, 19 July 2016

Related Pays $60Mln for Brooklyn, N.Y., Apartment Portfolio

Tuesday, 19 July 2016

Starrett Offers for Sale Unsold Residential Condo Units in Manhattan

Monday, 18 July 2016

A&H Acquires Stake in Manhattan Mixed-Use, Apartment Buildings

Monday, 18 July 2016

Deutsche Lends $45Mln Against Retail, Office Properties in Harlem, N.Y.

Monday, 18 July 2016

Manhattan Retail Spaces Fetch $27.3Mln

Monday, 18 July 2016

Banco Santander Provides $42Mln Construction Loan for Queens, N.Y., Apartments

Monday, 18 July 2016

Oaktree Provides $43Mln Construction Loan for Manhattan Condos

Monday, 18 July 2016

Gehr Group Lines up $161Mln of Debt Against 2 Manhattan Hotels

Monday, 18 July 2016

$290Mln of Construction Debt Provided for Brooklyn, N.Y., Apartments

Monday, 18 July 2016

Brookhill Offers for Sale Manhattan Apartment Portfolio

Monday, 18 July 2016

Blumenfeld Pays $31.2Mln for Queens, N.Y., Retail Property

Monday, 18 July 2016

Taconic-Led Venture Pays $65Mln for Office Building in Manhattan's Flatiron District

Monday, 18 July 2016

Santander, Wells Fargo Lend $113.6Mln for Manhattan Condo Conversion

Monday, 18 July 2016

Bloomingdale's to Lease Queens, N.Y., Office Property That Tishman Venture is Developing

Friday, 15 July 2016

Benchmark Offers for Sale Manhattan Apartment Portfolio with 115 Units

Friday, 15 July 2016

Venture Offers Queens, N.Y., Development Site for Sale

Friday, 15 July 2016

Wells Fargo Lends $65Mln to Manhattan Apartments

Friday, 15 July 2016

Jamestown Offers for Sale Queens, N.Y., Office Property

Friday, 15 July 2016

Office Space in Manhattan's Midtown South Area Sold for $143.9Mln

Friday, 15 July 2016

Vanbarton Pays $103.5Mln for Manhattan Retail Space

Friday, 15 July 2016

Blumenfeld Takes Full Control of Bronx, N.Y., Mall

Friday, 15 July 2016

Bank of the Ozarks Lends $54.9Mln Against Manhattan Development Site

Friday, 15 July 2016

Maefield Looking to Raise $300Mln Through EB-5 Program to Upgrade Manhattan Hotel

Thursday, 14 July 2016

Ladder Capital Lends $55Mln Against Manhattan Office, Retail Property

Thursday, 14 July 2016

John Hancock to Pay $100Mln for 535-545 Boylston St. in Boston

Thursday, 14 July 2016

Beacon Offers for Sale 160 Federal St. in Boston

Thursday, 14 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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