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

Northeast Regional News

Barings Provides $73.5M of Financing Against Midtown Manhattan Hotel

Wednesday, 23 August 2017

WinnCompanies to Develop Mixed-Use Project in Boston

Wednesday, 23 August 2017

Law Firm Signs 76,000-SF Lease at Manhattan Office Building

Wednesday, 23 August 2017

Signature Bank Lends $68Mln Against Manhattan Building

Tuesday, 22 August 2017

Sahara Group Hires JLL to Sell Manhattan's Plaza Hotel

Tuesday, 22 August 2017

Singapore REIT Pays $106Mln for DoubleTree Hotel in Manhattan

Tuesday, 22 August 2017

Ladder Capital Lends $77.8Mln Against Manhattan Building

Monday, 21 August 2017

JCS Realty Buys Brooklyn, N.Y., Development Site for $234Mln

Monday, 21 August 2017

Unizo in Talks to Purchase Midtown Manhattan Office Building for $450Mln

Monday, 21 August 2017

O'Connor Capital Offers for Sale 74 Residential Units in Manhattan

Friday, 18 August 2017

Hawkins Way Purchases Brooklyn, N.Y., Property for $18Mln

Friday, 18 August 2017

Slate Property Pays $21Mln for Mixed-Use Building in Manhattan

Thursday, 17 August 2017

Thor Equities Offers for Sale 50,000-SF Lower Manhattan Building

Thursday, 17 August 2017

Jersey City, N.J., Factory to be Redeveloped into Residential Units

Thursday, 17 August 2017

Tishman, Cogswell Offers for Sale 274,000-SF Manhattan Office Building

Wednesday, 16 August 2017

Soho China Buys Midtown Manhattan Building for $30Mln

Wednesday, 16 August 2017

JJ Operating Pays $107Mln for Manhattan Building

Wednesday, 16 August 2017

$57Mln Mixed-Use Project Proposed for Boston

Tuesday, 15 August 2017

$146.6Mln Lent Against Multifamily Property in Franklin Lakes, N.J.

Monday, 14 August 2017

New York City Council Approves 1,000-Unit Apartment Building in East Harlem

Monday, 14 August 2017

Nonprofit Developers Plan 3-Building Apartment Project in Boston

Monday, 14 August 2017

Morgan Stanley, EY Consider New Manhattan Addresses

Monday, 14 August 2017

DelShah Raises $52Mln for Manhattan Apartment Redevelopment

Monday, 14 August 2017

Silverstein Files to Develop Mixed-Use Building in Midtown Manhattan

Friday, 11 August 2017

Construction Starts Decline in New York

Friday, 11 August 2017

BofA Lends $52Mln for Mixed-Use Property in The Bronx

Friday, 11 August 2017

Kaufelt Buys 2 Brooklyn, N.Y., Apartment Buildings for $11Mln

Friday, 11 August 2017

Aon Expands Lease to 237,000-SF at Lower Manhattan Building

Thursday, 10 August 2017

New York City Council Unanimously Approves East Midtown Manhattan Rezoning

Thursday, 10 August 2017

Forkosh Selling 105-Unit Midtown Manhattan Apartments for $110Mln

Thursday, 10 August 2017

American Kennel Signs 60,000-SF Lease in Midtown Manhattan

Thursday, 10 August 2017

MetLife In Talks for Preferred Equity Stake in Midtown Manhattan Office

Wednesday, 09 August 2017

Developer Buys Boston Church, Plans Redevelopment

Wednesday, 09 August 2017

Blackstone, Fairstead Offer 8 Manhattan Apartment Properties for Sale

Wednesday, 09 August 2017

Yelp Leases Another 39,565 SF in Manhattan's Midtown South

Wednesday, 09 August 2017

Redevelopment Planned for 450,000-SF Mall in N.J.

Tuesday, 08 August 2017

Investors Remain Skeptical of RLJ Proposal to Buy FelCor

Tuesday, 08 August 2017

Travel Leaders Signs 106,000-SF Office Lease in Midtown Manhattan

Tuesday, 08 August 2017

Hong Kong Investor Seen Buying Manhattan's Standard Hotel for $340Mln

Tuesday, 08 August 2017

Estée Lauder Renews 222,000-SF Office Lease at Manhattan's GM Building

Monday, 07 August 2017

Kensico Puts Manhattan Office Building on Sales Market

Monday, 07 August 2017

Brodsky Pays $100Mln for Brooklyn Apartments

Monday, 07 August 2017

Morgan Stanley Lends $784Mln Against Manhattan Office Building

Monday, 07 August 2017

Federal Prosecutors Subpoena Kushner Cos.

Friday, 04 August 2017

Nordblom Agrees to Purchase Former Boston Globe HQ

Friday, 04 August 2017

Morgan Stanley Provides Fresh Debt Against Manhattan's Brooks Brothers Store

Friday, 04 August 2017

FelCor Closes on Sale of Manhattan's Royalton Hotel

Thursday, 03 August 2017

Time Equities Hires Paul Gottsegen for Executive Acquisitions Role

Thursday, 03 August 2017

Manhattan Hotel Sells for $200Mln

Thursday, 03 August 2017

Accenture Signs 250,000-SF Office Lease at Manhattan Development

Thursday, 03 August 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

 

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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