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

Northeast Regional News

Nonprofit Secures $79.2Mln of Financing Against Bronx, N.Y., Affordable-Housing Project

Monday, 08 July 2019

JPMorgan Unveils Plans for New Manhattan HQ

Monday, 08 July 2019

2 Office, Retail Buildings Planned for Manhattan's SoHo Neighborhood

Friday, 05 July 2019

Venture Considers Adding Hotel to Stamford, Conn., Office Building

Friday, 05 July 2019

3 Manhattan Properties Come to Market with $60Mln Asking Price

Friday, 05 July 2019

Howard Hughes Secures $250Mln Loan for Redevelopment of Manhattan's Seaport District

Friday, 05 July 2019

Meridian Pays $35.25Mln for 2 Brooklyn, N.Y., Apartment Properties

Wednesday, 03 July 2019

United Overseas Bank Files to Foreclose on Manhattan Residential Condo Project

Wednesday, 03 July 2019

Swiss Pension Fund Adviser to Buy Manhattan's 45 West 45th St.

Wednesday, 03 July 2019

Wells Fargo Lends $64Mln Against 2 Bronx, N.Y., Affordable-Housing Projects

Wednesday, 03 July 2019

Howard Hughes Corp. Exploring Alternatives, Including Potential Sale

Tuesday, 02 July 2019

2 Brooklyn, N.Y., Apartment Properties Trade for $36.5Mln

Tuesday, 02 July 2019

RFR Holding Pays $260Mln for Manhattan Office Building

Tuesday, 02 July 2019

DivcoWest Pays $310Mln for Manhattan's 540 Madison Ave.

Tuesday, 02 July 2019

Sale of Manhattan's Coca-Cola Building Hits Snag

Monday, 01 July 2019

Venture to Upgrade Manhattan's Flatiron Building

Monday, 01 July 2019

Bank OZK Lends $140Mln Against Suburban Boston Life-Sciences Project

Monday, 01 July 2019

Venture Breaks Ground on 1Mln-SF Office Project in Boston

Friday, 28 June 2019

Stamford, Conn., Apartment Property Trades for $50Mln

Friday, 28 June 2019

HAP Investments Wants $130.5Mln for Manhattan Apartment Portfolio

Friday, 28 June 2019

Stellar Management Secures $128.4Mln of Financing Against 8 New York Apartment Properties

Friday, 28 June 2019

400-Unit Apartment Building in Bronx, N.Y., Sold for $76.3Mln

Thursday, 27 June 2019

Latest Phase for Hotel, Apartment Project in Bronx, N.Y., Gets $65Mln Loan

Thursday, 27 June 2019

Construction Resumes at Manhattan Hotel Development

Thursday, 27 June 2019

Healthcare Company to Fully Occupy Suburban Boston Industrial Building

Thursday, 27 June 2019

Facebook in Talks to Lease 1Mln SF at Manhattan's 50 Hudson Yards

Wednesday, 26 June 2019

U.S. Postal Service Looking to Sell Space for Apartments in Manhattan

Wednesday, 26 June 2019

Developer Secures $90Mln Loan Against Manhattan Residential Condo Project

Wednesday, 26 June 2019

Chetrit Group Pays $573Mln for 55 Apartment Properties in 10 States

Tuesday, 25 June 2019

RFR Realty Looks to Sell Brooklyn, N.Y., Development Site for $200Mln

Tuesday, 25 June 2019

Queens, N.Y., Development Site Hits Sales Market

Tuesday, 25 June 2019

HAP Investments Secures $55Mln Loan Against Manhattan Apartments

Tuesday, 25 June 2019

103,000-SF Lease Inked at Syosset, N.Y., Warehouse

Monday, 24 June 2019

Marathon Asset Lends $52Mln Against Office, Retail Development in Manhattan

Monday, 24 June 2019

Blackstone Offers 100 Summer St. in Boston for Sale

Monday, 24 June 2019

Raytheon Signs 134,000-SF Lease at Boston Office Building

Monday, 24 June 2019

Red Capital Writes $23.4Mln Fannie Loan Against Union City, N.J., Apartment Development

Monday, 24 June 2019

Venture Pays $42.5Mln for Northern New Jersey Development Site

Monday, 24 June 2019

JPMorgan Lends $90Mln Against Retail Space at Manhattan's 747 Madison Ave.

Monday, 24 June 2019

Bank of America Lends $270Mln Against Queens, N.Y., Hotel

Monday, 24 June 2019

Land Beneath Manhattan's Dream Downtown Hotel Sells for $175Mln

Monday, 24 June 2019

Brooklyn, N.Y., Apartments Trade for $61Mln

Monday, 24 June 2019

Grocery Store to Open at Manhattan Mixed-Use Development

Monday, 24 June 2019

Ground Breaks on 4.1Mln-SF Logistics Park in Linden, N.J.

Monday, 24 June 2019

M&T Bank Lends $38Mln Against Brooklyn, N.Y., Apartment Project

Wednesday, 19 June 2019

TPG Joining Venture to Buy Manhattan's 7 Hanover Square

Wednesday, 19 June 2019

Anbang Marketing for Sale 353,000 SF Office Space at 717 Fifth Ave.

Wednesday, 19 June 2019

Developer Plans 358-Unit Residential Property in Boston

Tuesday, 18 June 2019

Venture Pays $110Mln for Boston Office Property

Tuesday, 18 June 2019

Construction Stalls on Manhattan's Hard Rock Hotel Project

Tuesday, 18 June 2019

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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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