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

Top News - Free

Top News - Free (8381)

Children categories

Top News - Subscriber

Top News - Subscriber (8046)

Feature articles written by the CreNews staff.

View items...

American Landmark Pays $125.2Mln for Meadows Office Property in Rutherford, N.J.

Friday, 04 September 2015 Written by

American Landmark Properties Ltd. has paid $125.2 million, or about $207/sf, for the 603,680-square-foot Meadows office property in Rutherford, N.J. It has lined up $104 million of financing for the purchase. Ladder Capital Finance provided a $92 million senior portion of the financing and is securitizing it in an upcoming CMBS deal.

Merchants Hospitality Aims to Increase Investment Activity

Friday, 04 September 2015 Written by

Merchants Hospitality Inc., a New York property investor that specializes in the hotel and restaurant sectors, is looking to become an active player in the broader commercial real estate market. The 25-year-old company has partnered with Adam Hochfelder and raised capital that it would use to pursue sizable investments, primarily in Manhattan and likely with a retail component.

Tremont Realty Capital has originated $102.5 million of bridge financing to facilitate the acquisition of 260 West 78th St., a two-building property on Manhattan's Upper West Side that houses the Collegiate School. It funded a $37.5 million subordinate piece of the financing and sold off a $65 million A-note to a bank.

Deutsche Lends $300Mln Against Courtyard-Residence Inn in Manhattan

Wednesday, 02 September 2015 Written by

Deutsche Bank has provided $300 million of financing against the Courtyard-Residence Inn Central Park, a 639-room hotel at 1717 Broadway in midtown Manhattan. The debt was used to replace $180 million of construction financing that was provided by Wells Fargo Bank in 2011.

Oversea-Chinese Banking Lends $105Mln Against Manhattan Hotel

Tuesday, 01 September 2015 Written by

The Oversea-Chinese Banking Corp. has provided a $105 million loan against the 411-room Element New York Times Square West hotel in midtown Manhattan. The financing helped fund Ascott Residence Trust's $163.5 million purchase of the property.

Private REIT MedEquities Aims for Liquidity

Monday, 31 August 2015 Written by

MedEquities Realty Trust Inc., a Nashville, Tenn., REIT that owns 21 medical-related properties, is planning to go public. The company was formed roughly a year ago and is now looking to list its shares, which would give its existing shareholders liquidity, while providing it access to public equity that it would invest in healthcare-related properties.

John Hancock Life Insurance Co. has provided $100 million of mortgage financing against the 273-room Four Seasons Boston hotel in downtown Boston. The loan retires $71.4 million of debt that was securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2005-LDP3.

Allstate, Brandywine Venture Puts Va. Office Properties on Sales Market

Thursday, 27 August 2015 Written by

A venture of Allstate Corp. and Brandywine Realty Trust is offering for sale two adjacent office buildings with 364,277 square feet in the Washington, D.C., suburb of Falls Church, Va. JLL has been hired to market the eight-story buildings, at 3130 and 3141 Fairview Park Drive, about 13 miles from downtown Washington.

Fortis Offers for Sale Recently Built Apartments in Brooklyn, N.Y.

Wednesday, 26 August 2015 Written by

Fortis Property Group is offering for sale Atelier Williamsburg, a recently-completed apartment property with 120 units in the North Williamsburg neighborhood of Brooklyn, N.Y. The property's being offered through HFF and could sell for $865,000/unit, which would result in a capitalization rate, upon stabilization, of 4.5 percent.

Investment Manager Sells Stake in U.S. Office Portfolio; More Deals Planned

Tuesday, 25 August 2015 Written by

Rosemont Realty has sold a majority interest in a portfolio of 16 million square feet of office space to a pair of Hong Kong investors, with which it plans to invest up to $3 billion of class-A office properties in the United States in the coming three years.

Page 1 of 599

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

cmbs2spreads

 

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
warehouse-backstage