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

Northeast Regional News

Deerfield Management to Buy Manhattan Office Building, Eyes $525Mln Loan

Wednesday, 08 May 2019

Venture Paying $907Mln for Manhattan's Coca-Cola Building

Tuesday, 07 May 2019

Citi Lends $55Mln Against Manhattan Mixed-Use Building

Tuesday, 07 May 2019

Emerald Equity Pays $40Mln for 4 Manhattan Apartment Properties

Tuesday, 07 May 2019

Emblem Health Renews 440,000-SF Lease at Manhattan's 55 Water St.

Tuesday, 07 May 2019

Chinese Developer to Build 144-Unit Apartment Property in Manhattan

Monday, 06 May 2019

Developer Sells Portion of Brooklyn, N.Y., Site for $17.5Mln

Monday, 06 May 2019

Mack Real Estate Lends $90Mln Against Manhattan Office, Retail Building

Monday, 06 May 2019

Principal Lends $37.5Mln Against Manhattan Mixed-Use Building

Friday, 03 May 2019

Treetop Pays $33Mln for Queens, N.Y., Residential Property

Friday, 03 May 2019

Knotel Expands Office Lease at Manhattan's 110 William St.

Friday, 03 May 2019

Colgate-Palmolive Renews Lease at Manhattan's 300 Park Ave.

Friday, 03 May 2019

105,000-SF Office Building Planned for Manhattan's Chelsea Neighborhood

Thursday, 02 May 2019

Venture to Pay $103.7Mln for Manhattan Development Site

Thursday, 02 May 2019

Manhattan Mixed-Use Property Sells for $77.5Mln

Thursday, 02 May 2019

Deutsche Bank Lends $72Mln Against Manhattan Residential Condo Development

Thursday, 02 May 2019

Software Developer Leasing 142,500 SF at Manhattan's 61 Ninth Ave.

Wednesday, 01 May 2019

Domain Buys Bronx, N.Y., Development Site for $38.5Mln

Wednesday, 01 May 2019

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

Wednesday, 01 May 2019

Lightstone to Buy Bronx, N.Y., Development Site

Wednesday, 01 May 2019

CIM Group Pays $200Mln for Manhattan Apartments

Wednesday, 01 May 2019

Venture Nixes Plan to Convert Manhattan's Chrysler Building to Hotel

Tuesday, 30 April 2019

$109Mln Lent Against 110 Fifth Ave. in Manhattan

Tuesday, 30 April 2019

RXR, China Orient Secure $325Mln of Financing Against Manhattan's 61 Broadway

Tuesday, 30 April 2019

Savanna Paying $110Mln for Manhattan Office Property

Tuesday, 30 April 2019

Brooklyn, N.Y., Mixed-Use Building Sells for $29.6Mln

Monday, 29 April 2019

JPMorgan Lends $22.8Mln Against 4 Manhattan Apartment Properties

Monday, 29 April 2019

859-Unit Apartment Property Planned for Brooklyn, N.Y.

Monday, 29 April 2019

Bank OZK Lends $95Mln Against Manhattan Residential Condo Development

Monday, 29 April 2019

Macy's in Talks to Build Office Space Atop Flagship Manhattan Store

Monday, 29 April 2019

Office Condo Space at Manhattan's 30 Hudson Yards to Sell for $2.2Bln

Monday, 29 April 2019

RXR Wants to Convert 10 Floors at 75 Rockefeller Plaza to Airbnb Rentals

Monday, 29 April 2019

NYC Mayor Bill de Blasio Would Like to Ban Glass and Steel Skyscrapers

Tuesday, 23 April 2019

CBS Renews Lease for 164,000 SF at Former 63 Madison Ave. Building in Manhattan

Wednesday, 17 April 2019

Recently Redeveloped Mixed-Use Building in The Bronx, N.Y., Offered for Sale

Wednesday, 17 April 2019

JPMorgan, Wells Fargo Lend $900Mln Against Manhattan's 4 Times Square

Wednesday, 17 April 2019

RXR, Youngwoo Line Up $375Mln Construction Loan for Manhattan's Pier 57 Project

Friday, 12 April 2019

Developer Secures $32Mln of Financing Against Brooklyn, N.Y., Apartments

Friday, 12 April 2019

AllianceBernstein Leasing 189,000 SF at Manhattan's Spiral Office Building

Friday, 12 April 2019

Former Newspaper HQ in Hackensack, N.J., to Become 650-Unit Apartment Property

Friday, 12 April 2019

2 Bronx, N.Y., Apartment Buildings Sold for $88Mln

Friday, 12 April 2019

CCRE Lends $152Mln Against Manhattan's 65 Broadway

Thursday, 11 April 2019

McSam to Build 182-Room Le Meridien Hotel in Manhattan

Thursday, 11 April 2019

Logistics Firm Signs 102,000-SF Industrial Lease in Bridgewater, N.J.

Thursday, 11 April 2019

Ventas Pays $128Mln for Cambridge, Mass., Lab Building

Wednesday, 10 April 2019

Extell Secures Financing Against 2 Manhattan Development Sites

Wednesday, 10 April 2019

Vornado, Rudin Consider Constructing Manhattan Office Building

Wednesday, 10 April 2019

Oxford Properties to Build 625,000-SF Office Building in Boston

Wednesday, 10 April 2019

Venture Secures $79.4Mln of Financing Against Queens, N.Y., Apartment Project

Tuesday, 09 April 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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