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

Northeast Regional News

BMO Capital Markets to Lease 215,000 SF at Manhattan's 4 Times Square

Thursday, 04 April 2019

Developer Secures $138.6Mln of Financing Against Manhattan Residential Condo Project

Thursday, 04 April 2019

Manhattan's 195 Broadway Hits Sales Market

Thursday, 04 April 2019

RFR Realty Paying $129.5Mln for Manhattan Office, Retail Property

Thursday, 04 April 2019

REIT-Led Venture Offers Manhattan's 540 Madison Ave. for Sale

Wednesday, 03 April 2019

Abercrombie & Fitch Considers Leasing 33,800 SF at Manhattan's 680 Fifth Ave.

Wednesday, 03 April 2019

Pru Writes $72Mln Fannie Loan Against Manhattan Apartments

Wednesday, 03 April 2019

Signature Bank Lends $34Mln Against Queens, N.Y., Apartment Property

Wednesday, 03 April 2019

Venture Planning 50-Unit Residential Building in Manhattan

Tuesday, 02 April 2019

Financing Terms for Construction Loan Against Manhattan Condos Renegotiated

Tuesday, 02 April 2019

Related-Led Venture to Pay $2Bln for Office Condo Space at 30 Hudson Yards

Tuesday, 02 April 2019

Venture in Talks to Acquire 80 Percent Stake in Boston's 75 State St.

Monday, 01 April 2019

Venture Secures $41.7Mln of Financing Against Manhattan Apartment Project

Monday, 01 April 2019

Deutsche Bank Lends $173.25Mln Against Manhattan Hotel, Condo Building

Monday, 01 April 2019

Manhattan Parking Garage Trades for $32.2Mln

Friday, 29 March 2019

Wells Fargo Writes $75.9Mln Freddie Loan for Bronx, N.Y., Affordable-Housing

Friday, 29 March 2019

Pru Writes $127Mln Fannie Loan Against Manhattan Apartment Property

Friday, 29 March 2019

Self-Storage Properties in Brooklyn, Queens, N.Y., Sell for $114.2Mln

Thursday, 28 March 2019

Barney's Looking to Reduce Space at Manhattan's 660 Madison Ave.

Thursday, 28 March 2019

Developer Secures $32.9Mln Construction Loan for Manhattan Condos

Thursday, 28 March 2019

155-Unit Apartment Building Planned for Manhattan

Wednesday, 27 March 2019

Tommy Hilfiger Closes Flagship Store at Manhattan's 681 Fifth Ave.

Wednesday, 27 March 2019

Developer Secures $138Mln Construction Loan Against Manhattan Condo Project

Wednesday, 27 March 2019

Developer Delays 3.1Mln-SF Mall Project in East Rutherford, N.J.

Tuesday, 26 March 2019

Stamford, Conn., Apartment Property Trades for $60Mln

Tuesday, 26 March 2019

123-Unit Apartment Property in Brooklyn, N.Y., Comes to Market

Tuesday, 26 March 2019

Developer Plans Mixed-Use Building in the Bronx, N.Y.

Monday, 25 March 2019

Health Care Company in Talks to Lease 500,000 SF at One Court Square in Queens, N.Y.

Monday, 25 March 2019

City Agency Signing 140,000-SF Lease at Downtown Brooklyn, N.Y., Office Building

Friday, 22 March 2019

WWE Signs 415,000-SF Office Lease in Stamford, Conn.

Friday, 22 March 2019

Venture Pays $50Mln for Brooklyn, N.Y., Development Site

Friday, 22 March 2019

Developer Secures $40Mln of Financing Against Brooklyn, N.Y., Apartment Project

Thursday, 21 March 2019

Manhattan's 360 Lexington Ave. Hits Sales Market; $190Mln Price Tag

Thursday, 21 March 2019

Brookfield Offers for Sale 6 Manhattan Apartment Properties

Thursday, 21 March 2019

AIG Lends $52Mln Against Aberdeen, N.J., Apartments

Wednesday, 20 March 2019

JPMorgan Paying $100Mln for Manhattan's 410 Madison Ave.

Wednesday, 20 March 2019

Morgan Stanley Lends $570Mln Against Manhattan's Park Avenue Tower

Wednesday, 20 March 2019

Paper Factory Hotel in Queens, N.Y., Trades for $60Mln

Tuesday, 19 March 2019

BofA Lends $63.5Mln Against Jersey City, N.J., Office Building

Tuesday, 19 March 2019

Investor Secures $62Mln of Financing Against Boston-Area Apartment Portfolio

Tuesday, 19 March 2019

Developer Seeks $45Mln for Queens, N.Y., Development Site

Tuesday, 19 March 2019

Manhattan Mixed-Use Building Trades for $19Mln

Monday, 18 March 2019

Owner of Brooklyn, N.Y., Hotel Considers Sale

Monday, 18 March 2019

Hotel, Residential Condo Project Planned for Manhattan

Monday, 18 March 2019

Naftali to Buy Manhattan Development Site for $167Mln

Monday, 18 March 2019

Midtown Manhattan Development Site Hits Sales Market

Wednesday, 13 March 2019

Jersey City, N.J., Office Building, Land Sell for $170Mln

Wednesday, 13 March 2019

Fairfield Lines Up Acquisition Financing for Long Island Apartment Buy

Wednesday, 13 March 2019

Venture May Convert Manhattan's Chrysler Building to Hotel

Wednesday, 13 March 2019

Santander Bank Lends $200Mln Against Brooklyn, N.Y., Apartment Property

Tuesday, 12 March 2019

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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
warehouse-backstage