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

Northeast Regional News

Developers Pitching 12Mln-SF Mixed-Use Complex in Queens, N.Y.

Wednesday, 01 July 2020

CW Realty Pays $20.3Mln for Brooklyn, N.Y., Development Site

Wednesday, 01 July 2020

WeWork to Close First-Ever Location in Manhattan

Tuesday, 30 June 2020

$150Mln Lent Against Manhattan's Solar Carve Tower

Tuesday, 30 June 2020

HSBC Looking to Sell $33.9Mln Loan Against Manhattan's Watson Hotel

Monday, 29 June 2020

Venture in Talks to Acquire Majority Stake in NYC's Silvercup Studios

Monday, 29 June 2020

Owner of Queens, N.Y., Industrial Properties Buys Out Tenants' Leases

Friday, 26 June 2020

WeWork Pulls Out of Lease for 115,000 SF at Manhattan's 149 Madison Ave.

Friday, 26 June 2020

Property Owner Sues Knotel Over Unpaid Rent in Manhattan

Friday, 26 June 2020

Venture Lines Up $250Mln Construction Loan for Manhattan Mixed-Use Project

Thursday, 25 June 2020

Bank Lends $204Mln Against Commercial Space, Unsold Condos in Manhattan

Thursday, 25 June 2020

Brooklyn, N.Y., Residential Condo Project Gets $19.6Mln Construction Loan

Wednesday, 24 June 2020

McDonald's Closes Former Flagship Manhattan Location

Wednesday, 24 June 2020

Vornado Considers Selling Stake in Manhattan, San Francisco Office Buildings

Wednesday, 24 June 2020

Retail Condo Space in Manhattan Headed to Foreclosure Auction

Tuesday, 23 June 2020

Italian Clothing Company Files Lawsuit to Break Manhattan Lease

Tuesday, 23 June 2020

Facebook in Talks to Lease 188,000 SF in Manhattan

Monday, 22 June 2020

Contractor Sues Manhattan Residential Condo Developer

Monday, 22 June 2020

Crowdfunding Company Sells Manhattan Office Building for $41.3Mln

Friday, 19 June 2020

Target Signs 2 Leases in Manhattan

Friday, 19 June 2020

Trump Organization Seeks Relief on CMBS Loan

Thursday, 18 June 2020

Developer Loses Control of Brooklyn, N.Y., Office Project

Thursday, 18 June 2020

Roc Nation Sues Manhattan Landlord Over Sublease Dispute

Thursday, 18 June 2020

GFI Capital Acquires Additional 61 Percent Stake in Manhattan's James Hotel

Wednesday, 17 June 2020

Local Developer Plans Mixed-Use Project in Queens, N.Y.

Wednesday, 17 June 2020

WeWork in Talks to Convert Manhattan Office Space to Classrooms

Wednesday, 17 June 2020

Judge Denies Amazon's Partial Appeal in Manhattan Lease Case

Wednesday, 17 June 2020

24 Hour Fitness Files for Chapter 11 Bankruptcy

Tuesday, 16 June 2020

USAA Lends $57Mln Against Brooklyn, N.Y., Apartment Property

Tuesday, 16 June 2020

JEMB Realty Sues H&M Over Unpaid Rent at Manhattan's 1293 Broadway

Tuesday, 16 June 2020

Developer Sues Lenders for Reneging on Construction Loans for Manhattan Project

Monday, 15 June 2020

Paramount Sues Douglas Elliman Over Unpaid Rent at Manhattan's 712 Fifth Ave.

Monday, 15 June 2020

Manhattan's Omni Berkshire Place Hotel Closing

Friday, 12 June 2020

BioMed Realty Buying Suburban Boston Office, Plans Life-Sciences Conversion

Friday, 12 June 2020

Developer to Reduce Number of Residential Units at Boston Mixed-Use Project

Thursday, 11 June 2020

Victoria's Secret Seeking to Rescind Lease for Flagship Manhattan Store

Thursday, 11 June 2020

Amazon to Lease 200,000 SF of Industrial Space in the Bronx, N.Y.

Wednesday, 10 June 2020

Signet Jewelers to Permanently Close 150 Stores in North America

Wednesday, 10 June 2020

Affordable-Housing Portfolio in Brooklyn, N.Y., Trades for $90Mln

Wednesday, 10 June 2020

Greystone Writes $50Mln Freddie Mac Loan Against Livingston, N.J., Apartments

Tuesday, 09 June 2020

Owner of Men's Wearhouse, Jos. A. Bank Considers Bankruptcy

Tuesday, 09 June 2020

Venture Eyes Office Tenants for 380,000 SF at Manhattan's Hudson Yards Mall

Monday, 08 June 2020

WeWork Co-Founder Miguel McKelvey Departing Company

Monday, 08 June 2020

Brookfield Buys Out Tenant at Manhattan's 666 Fifth Ave.

Friday, 05 June 2020

Venture Secures $100Mln of Financing Against Manhattan Co-Op Building

Friday, 05 June 2020

Simon Property Group Sues Gap Over Unpaid Rent

Thursday, 04 June 2020

TF Cornerstone Secures $374.4Mln of Fresh Financing Against Manhattan Apartments

Thursday, 04 June 2020

Amazon Plans Distribution Center for Boston

Wednesday, 03 June 2020

Shelter Growth Capital Partners Wants to Sell $711Mln Loan Portfolio

Wednesday, 03 June 2020

Vornado Walks Away from Manhattan's 608 Fifth Ave.

Tuesday, 02 June 2020
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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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