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

West Regional News

Work on San Diego-Area Mixed-Use Project to Pick Up

Wednesday, 02 September 2015

240-Unit Apartment Property in Tempe, Ariz., Sold

Wednesday, 02 September 2015

Brentwood, Calif., Apartment Community Fetches $26.4Mln

Wednesday, 02 September 2015

Siena Apartments in Phoenix Sold for $31Mln

Tuesday, 01 September 2015

Cupertino, Calif., Mall to Become Mixed-Use Development

Tuesday, 01 September 2015

One Thomas Office Building in Phoenix Sells for $10Mln

Tuesday, 01 September 2015

Splunk Inc. Signs 234,000-SF Lease in San Jose, Calif.

Tuesday, 01 September 2015

Venture Breaks Ground on 204-Room Hotel in Portland, Ore.

Tuesday, 01 September 2015

Kaiser Foundation Buys Bay-Area Office Building for $62Mln

Monday, 31 August 2015

Netflix Signs 200,052-SF Lease in Hollywood, Calif.

Friday, 28 August 2015

60-Unit Apartment Complex in L.A. Sells

Friday, 28 August 2015

Regent Properties Buys 258,011 SF of Office Space in Phoenix

Thursday, 27 August 2015

MetLife Pays $72.2Mln for Newport Beach, Calif., Office Building

Thursday, 27 August 2015

Mixed-Use Project Planned for Downtown Seattle

Thursday, 27 August 2015

Majority Stake in Portland's U.S. Bancorp Tower Sold

Thursday, 27 August 2015

78,639-SF Office Building in Denver

Wednesday, 26 August 2015

San Diego Apartments Sell for $41.1Mln

Tuesday, 25 August 2015

Hotel Portfolio in Arizona Sold for $53Mln

Tuesday, 25 August 2015

448,000-SF Mixed-Use Project to Break Ground in Portland, Ore.

Tuesday, 25 August 2015

USAA-Led Venture Starts Work on Phoenix Office Project

Tuesday, 25 August 2015

Yakima Buys HQ Building in Lake Oswego, Ore., for $20.1Mln

Monday, 24 August 2015

Hayward, Calif., Mall Sells for $32.5Mln

Monday, 24 August 2015

Venture Buys Scottsdale, Ariz., Office Building for $22Mln

Monday, 24 August 2015

Venture Lands $11.8Mln Construction Loan for El Segundo, Calif., Office Project

Monday, 24 August 2015

Four-Property L.A. Portfolio Sold for $18Mln

Friday, 21 August 2015

Canadian Investor Pays $11.7Mln for Phoenix-Area Office Buildings

Thursday, 20 August 2015

Brickman Pays $53Mln for Los Angeles-Area Office

Thursday, 20 August 2015

Las Vegas Shopping Center Sells for $15Mln

Thursday, 20 August 2015

Pinterest Leases 150,000 SF in San Francisco

Thursday, 20 August 2015

Portland, Ore., Apartment Building Sells for $41.5Mln

Thursday, 20 August 2015

Hotel Set to Open in Downtown L.A.

Thursday, 20 August 2015

Irvine, Calif., Office Campus with 430,000 SF Sold

Wednesday, 19 August 2015

Automotive Company to Lease 555,670 SF in Los Angeles

Wednesday, 19 August 2015

Santa Rosa, Calif., Shopping Center Sold for $16.3Mln

Tuesday, 18 August 2015

Phoenix Industrial Building Sells for $20Mln

Tuesday, 18 August 2015

226-Unit Apartment Complex to be Built in Denver

Tuesday, 18 August 2015

SurveyMonkey to Move Operations to San Mateo, Calif.

Tuesday, 18 August 2015

$19.5Mln Lent Against San Jose, Calif., Office Building

Tuesday, 18 August 2015

Shade at Desert Ridge Apartments in Phoenix Sells for $52Mln

Monday, 17 August 2015

Shops at Tanforan Mall in San Bruno, Calif., Sold

Monday, 17 August 2015

Four-Building Apartment Project Set for Portland, Ore.

Monday, 17 August 2015

Work to Start on 300,000-SF Office Project in San Francisco

Friday, 14 August 2015

Sunnyvale Town Center Seen Coming to Market

Thursday, 13 August 2015

Industrial Park Near Portland, Ore., Sold

Thursday, 13 August 2015

REIT to Build $90Mln Apartment Complex in Denver

Thursday, 13 August 2015

Phoenix Apartment Complex Sells for $19Mln

Thursday, 13 August 2015

San Diego Office Buildings Sell for $15Mln

Wednesday, 12 August 2015

UDR Sells Oregon Apartment Complex

Wednesday, 12 August 2015

Denver Warehouse Property Sold

Wednesday, 12 August 2015

True North Pays $28.25Mln for Oakland, Calif., Office

Wednesday, 12 August 2015
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners
Private-Label CMBS - FY2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 27.1  23,479.37 26.3
JPMorgan 18.6  13,752.01 15.4
Wells Fargo 17.2  13,085.05 14.6
Goldman Sachs 9.0  7,896.25 8.8
Citigroup 9.1  7,526.97 8.4

 

 

MOODY'S/RCA CPPI

 

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Top Loan Contributors
Private-Label CMBS FY2014
Lender Vol $mln MktShr%
Deutsche Bank 14,005.13 16.0
JPMorgan 11,440.63 13.0
Wells Fargo 5,849.16 6.7
CCRE 5,750.69 6.6
Citigroup 5,604.13 6.4

 

 

 

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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