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

Properties

Properties (12316)

Properties category

14501 North Freeway

Friday, 28 February 2020 Written by

fully leased to Galderma Laboratories.

861 West John Carpenter Parkway

Thursday, 27 February 2020 Written by

Las Colinas Village is 85.6 percent leased to tenants that include Starbucks, Massage Envy, Smashburger and H&R Block. Tenants paid an average annual base rent of $27.29/sf last year.

3338 NE Seventh St.

Thursday, 27 February 2020 Written by

Crystal Lakes Shopping Center

4010 North 3rd St.

Thursday, 27 February 2020 Written by

3510 Maricopa St.

Thursday, 27 February 2020 Written by

Golden West Tower apartments

1250 22nd St. NW

Thursday, 27 February 2020 Written by

Embassy Suites hotel

Citigroup provided a $62.9 million loan to help fund EOS' purchase.

11990 Beach Blvd.

Thursday, 27 February 2020 Written by

Park at Levanzo apartment property

CBRE originated a $31.4 million Freddie Mac loan to help fund Covenant Capital's purchase.

The property previously was encumbered by a $29.4 million Freddie loan that was securitized through FREMF, 2018-KF53. The loan paid a coupon pegged to Libor plus 163 basis points and wasn't set to mature until September 2025. It had faced a 1 percent prepayment penalty.

11920 Vanstory Drive

Thursday, 27 February 2020 Written by

232 East 2nd St.

Thursday, 27 February 2020 Written by

Wakaba LA apartments

Murphy Crossing office property

The Soma/Timbercreek team financed its purchase with an $84.5 million loan from Deutsche Bank.

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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