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North American Properties to Buy Atlanta's Colony Square

Thursday, 08 October 2015 Written by

The Cincinnati developer has struck a deal to buy Colony Square, an 872,252-square-foot office/retail property in Atlanta's midtown area. The sale will generate enough proceeds to pay off the A-note of a modified CMBS loan and could very well leave enough to pay off at least part, if not most, of the B-note.

Column Financial Lends $150Mln Against 2 Manhattan Hotels

Wednesday, 07 October 2015 Written by

Credit Suisse's Column Financial unit has provided $150 million of floating-rate financing against two hotels with 768 rooms in the Tribeca and Financial District areas of Manhattan. The financing was used to help fund the pay-off of a $320 million debt package that included a securitized senior loan.

Crescent Heights Offers for Sale Unsold Condo Units, Retail Space in Atlanta

Tuesday, 06 October 2015 Written by

Crescent Heights is offering for sale 246-unsold residential condominium units and 13,004 square feet of retail space at the Atlantic in the midtown area of Atlanta. The Miami company has hired CBRE to market the units and retail space, at 270 17th St. NW, which could sell for roughly $104.5 million.

Stakes in three Manhattan office properties are being offered as their ownership groups look to recapitalize them. The three buildings, which total 2.6 million square feet, are: 63 Madison Ave., with 870,000 sf in Gramercy Park; 200 Madison Ave., with 750,000 sf in Murray Hill, and 498 Seventh Ave., with 960,000 sf in Penn Station. Their owners have hired Eastdil Secured to find buyers for a 49 percent stake in each property.

Macerich to Line Up $1.8Bln of Fresh Loans on 5 Malls

Friday, 02 October 2015 Written by

The Santa Monica, Calif., REIT, which had been under pressure to sell itself, has agreed to sell a stake in eight of its shopping center properties to GIC Real Estate Pte and Heitman. The deal would generate a total of $2.3 billion of cash proceeds, which would include the refinancing or financing of a number of properties.

Venture Led by Crocker Partners Wins Atlanta's Paces West

Thursday, 01 October 2015 Written by

A venture led by Crocker Partners has been selected as the winning bidder for Paces West, a 646,471-square-foot office property in the Cumberland/Galleria submarket of Atlanta. It is said to be paying about $113 million, or about $175/sf, for the property, which should be good news for the CMBS trust that holds a modified $77.3 million loan against it.

JPMorgan Tops List of Loan Contributors to CMBS

Thursday, 01 October 2015 Written by

The bank contributed $3 billion of loans to CMBS deals during the latest quarter, bringing its tally for the year to $8.1 billion, putting it in a dead heat with Deutsche Bank. Well behind the two are Morgan Stanley and Wells Fargo Bank.

CMBS Issuance During Quarter Underwhelms

Thursday, 01 October 2015 Written by

A total of $22.1 billion of CMBS was issued during the third quarter. That was down nearly 20 percent from the same period a year ago. But issuance for the year is still up from last year, at $73.6 billion versus $66 billion. Deutsche Bank retains its relatively big lead among all bookrunners, with a 20.7 percent share of the market. Wells Fargo Securities, however, is advancing rapidly.

Invesco Seen Buying Jefferson Marketplace Apartments in Washington, D.C.

Wednesday, 30 September 2015 Written by

Invesco Real Estate has struck a deal to buy Jefferson Marketplace, a 281-unit apartment property in Washington, D.C.'s Shaw neighborhood. The Atlanta investment manager is buying the property, at 1550 7th St. NW, from its developer, Jefferson Apartment Group of McLean, Va., which had offered it through CBRE.

Fixed-Income Markets Get Hit, Take CMBS With Them

Tuesday, 29 September 2015 Written by

Fixed-income markets, including CMBS, took it on the chin yesterday, and helped push spreads on the latest conduit deal, COMM, 2015-CCRE26, to the widest levels in at least two years. Its BBB- class priced at a spread of 525 bps more than swaps, a level not seen since September 2012.

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Data Digest







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





cppichart FP





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





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