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

Northeast Regional News

CIM Group May Sell Manhattan's Dominick Hotel, Condo Property

Tuesday, 26 February 2019

Private-Equity Firm Pays $36Mln for 3 Queens, N.Y., Industrial Buildings

Monday, 25 February 2019

Developer Secures $33Mln Construction Loan Against East Orange, N.J., Apartment Project

Monday, 25 February 2019

Google Signs Lease for 362,000 SF at Cambridge, Mass., Office Redevelopment

Monday, 25 February 2019

Venture Pays $212.5Mln for Manhattan Student-Housing Property

Monday, 25 February 2019

Brookfield Secures $217Mln of Financing Against Brooklyn, N.Y., Apartment Project

Friday, 22 February 2019

Morgan Stanley Lends $71Mln Against Manhattan Hotel

Friday, 22 February 2019

Brooklyn, N.Y., Development Site Selling for $180Mln-$185Mln

Friday, 22 February 2019

Wells Fargo Lends $184Mln Against 2 Manhattan Apartment Properties

Thursday, 21 February 2019

Investor Offers for Sale Queens, N.Y. Apartment Portfolio

Thursday, 21 February 2019

Brooklyn, N.Y., Development Site Comes to Market; $150Mln Asking Price

Thursday, 21 February 2019

Savanna Encounters Problems Lining Up Fresh Debt Against One Court Square in Queens, N.Y.

Thursday, 21 February 2019

Developer Secures $85Mln Loan Against Manhattan Hotel

Wednesday, 20 February 2019

Home Depot Pays $40Mln for 2 Queens, N.Y., Properties

Wednesday, 20 February 2019

Thor Nixes Office Complex for Warehouse in Brooklyn, N.Y.

Wednesday, 20 February 2019

New Jersey Apartment Portfolio with 487 Units Sold for $75Mln

Wednesday, 20 February 2019

Savanna Eyes Anchor Tenant for One Court Square in Queens, N.Y.

Tuesday, 19 February 2019

Venture to Buy Vacant Manhattan Building, Plans 650-Unit Dormitory

Tuesday, 19 February 2019

Developer Secures $55Mln of Financing Against Manhattan Hotel

Tuesday, 19 February 2019

DSF Group Pays $88.5Mln for 2 Manchester, N.H., Apartment Properties

Tuesday, 19 February 2019

Developer Plans 500-Unit Residential Project in Jersey City, N.J.

Friday, 15 February 2019

Oak Street Pays $26.75Mln for Morris Plains, N.J., Shopping Center

Friday, 15 February 2019

GE, MassDevelopment Scrap Plans to Construct Boston Office Building

Friday, 15 February 2019

Office Space at Manhattan's 685 Fifth Ave. to Become Residential Condos

Thursday, 14 February 2019

Blackstone Pays $55.5Mln for Queens, N.Y., Warehouse

Thursday, 14 February 2019

Developer Secures $65Mln of Construction Financing for Long Island, N.Y., Apartments

Thursday, 14 February 2019

Brooklyn, N.Y., Warehouse to Become Self-Storage Facility

Thursday, 14 February 2019

Developer Secures $90Mln of Financing Against Manhattan Mixed-Use Building

Wednesday, 13 February 2019

Greystone Writes $132.9Mln Fannie Loan Against Staten Island, N.Y., Apartments

Wednesday, 13 February 2019

RXR to Join Venture That's Redeveloping Manhattan's Grand Hyatt Hotel

Wednesday, 13 February 2019

Lightstone Signs Ground Lease for Bronx, N.Y., Development Site

Wednesday, 13 February 2019

Chinese Company Offers Manhattan Development Site for Sale

Tuesday, 12 February 2019

Silverstein May Build Manhattan's 2 World Trade Center Without Anchor Tenant

Tuesday, 12 February 2019

Thor Equities May Lose Control of Manhattan's 597 Fifth Ave.

Tuesday, 12 February 2019

PNC Bank Lends $57.4Mln Against Brooklyn, N.Y., Warehouse

Monday, 11 February 2019

WeWork Secures $900Mln of Financing Against Manhattan Mixed-Use Building

Monday, 11 February 2019

Amazon Reconsiders Planned Alternate HQ Project for Queens, N.Y.

Monday, 11 February 2019

Manhattan's Grand Hyatt Hotel to be Sold, Replaced with Mixed-Use Project

Friday, 08 February 2019

15 Court Square in Boston Sells for $29Mln

Friday, 08 February 2019

Estee Lauder Signs Lease for Additional 100,000 SF in Queens, N.Y.

Friday, 08 February 2019

Developer Plans 108-Unit Residential Condo Project in Brooklyn, N.Y.

Friday, 08 February 2019

Nonprofit Signs 75,000-SF Lease at Manhattan's 220 East 42nd St.

Thursday, 07 February 2019

3 Manhattan Condo Projects Sold at Auction for $52.6Mln

Thursday, 07 February 2019

Developer Lands $165Mln Loan Against Brooklyn, N.Y., Condo Project

Thursday, 07 February 2019

$30Mln Lent Against Manhattan Residential Condo Project

Thursday, 07 February 2019

30-Unit Apartment Property in Manhattan Sells for $23.25Mln

Wednesday, 06 February 2019

Madison Realty Lends $52.5Mln Against Manhattan Apartment Development

Wednesday, 06 February 2019

Asset Manager Signs 108,000-SF Lease at Manhattan's 1633 Broadway

Wednesday, 06 February 2019

McSam to Sell Dual-Branded Hotel Project in Manhattan

Wednesday, 06 February 2019

Altice to Fully Lease Office Building in Queens, N.Y.

Tuesday, 05 February 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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