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

Properties

Properties (12584)

Properties category

1625-1665 East Valley Parkway

Friday, 08 May 2020 Written by

Escondido Town & Country shopping center

The recent deal was financed with a loan from Farmers & Merchants Bank of Long Beach, Calif., according to San Diego County, Calif., records. Terms of the loan were not available.

Escondido Town & Country, developed in 1973, is anchored by Ross Dress for Less and Big Lots. Other tenants include Del Taco and Jackson Hewitt Tax Service. The property sits on eight acres about 30 miles north of downtown San Diego.

111 River St.

Friday, 08 May 2020 Written by

The building is 80 percent leased to tenants that include PNC Bank and publisher John Wiley & Sons Inc.

The building is encumbered by a $150 million mortgage that the Athene Life Insurance affiliate of Apollo Global Management Inc. had provided last year. The venture plans on assuming the loan, which has a 3.9 percent coupon and matures in September 2029.

The 18-year-old building is subject to a long-term ground lease with the Port Authority of New York and New Jersey. 

101 South Marengo Ave.

Friday, 08 May 2020 Written by

2060 Zocolo St.

Friday, 08 May 2020 Written by

Artisan at East Village apartments 

1921 New Garden Road

Friday, 08 May 2020 Written by

Brassfield Park Apartments was 94 percent leased at the end of last year.

The property previously was encumbered by $17.8 million of Freddie debt: a $16 million piece was securitized through FREMF, 2010-K9, while a $1.8 million piece was in FREMF, 2015-KJ02. Both loans were open to prepayment without penalty.

The garden-style complex generated $2.5 million of net operating income last year, according to servicer data compiled by Trepp LLC. That means the purchase price resulted in a 5.1 percent capitalization rate.

4145 30th St.

Friday, 08 May 2020 Written by

Vons grocery store 

It also assumed a loan against the property that was provided by Wells Fargo Bank, according to San Diego County records. Terms of the loan were not available.

1800 Southpoint Crossing Drive

Friday, 08 May 2020 Written by

Southpoint Crossing Apartments is 96 percent leased.

5620 Keltonwood Road

Friday, 08 May 2020 Written by

Solis Keltonwood at Berewick

2643 Centinela Ave.

Friday, 08 May 2020 Written by

211 112th Ave.

Friday, 08 May 2020 Written by

Aventine Apartments 

Freddie Mac provided $13.08 million of financing.

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