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Commercial Mortgage Alert
JPMorgan leads big refi of Chicago skyscraper
Five banks team up to originate $700 million CMBS mortgage on Bank of America Tower
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Asset-Backed Alert
New KKR-backed shipping container lessor plans securitization
Galaxy Container Solutions will be the first new issuer in the asset class in years
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Commercial Mortgage Alert
Lenders looking at $800M refi for landmark NY office tower
The property underwent wide-scale repositioning a few years ago
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Real Estate Alert
To slash taxes, apartment investors copy a hotel play
The purchase-price allocation maneuver can shave up to 40% from a property’s recorded value
The Grapevine
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Asset-Backed Alert
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Commercial Mortgage Alert
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Real Estate Alert
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Commercial Mortgage Alert
London-based OakNorth boosts US lending effort
The bank expects to double originations in the States next year to $4b after strong growth in 2025
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Asset-Backed Alert
Pet Supplies Plus sniffing around bond offering
The pet-supply company has held discussions with market participants in recent weeks
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Asset-Backed Alert
Mutual funds, ETFs dump Tricolor ABS
Fund managers don’t want to get stuck holding bonds at yearend
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Asset-Backed Alert
CRT pros puzzle over Fannie disclosure change
The agency is touting a reduction in information about borrower credit scores as increasing transparency
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Asset-Backed Alert
Power needs could drain data-center issuance volume
Dealflow is expected to double in the near term, but the sector faces headwinds beyond that
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Asset-Backed Alert
Fight over reclassifying utility-fee bonds heats up
State regulators fire off another letter urging the SEC to consider such securities corporate debt
Data
Market Monitors
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Asset-Backed Alert
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Commercial Mortgage Alert
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Real Estate Alert
Initial Pricings
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Asset-Backed Alert
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Commercial Mortgage Alert
Pricings tables are updated weekly. For historical data, visit Green Street’s Debt Databases
Spotlight
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Commercial Mortgage Alert
CMBS market readying for yearend rush
Only three deals priced during holiday-shortened week
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Commercial Mortgage Alert
Freddie Mac moving away from B-pieces
The move upends a cottage industry set up to buy first-loss pieces from K-Deals
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Retail
European retail rents show strongest growth worldwide
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Industrial
Ares launches global logistics real estate brand
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Hotels & Leisure
Global Mutual Hotels’ chief on steering €500m value-add platform in post-pandemic market
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Fundraising
BGO plans €2bn European value-add fund
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Retail
H&R REIT selling dozens of retail, office properties for $1.5bn
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Financing
S&P Global downgrades PBB outlook to negative
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CP Conduit
Initial Pricings – Asset-Backed Alert
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CP Conduit
Initial Pricings – Commercial Mortgage Alert
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Financing
Another Star secures $685m hotel portfolio refinancing
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Corporate
Peakhill acquires Venture Mortgage to expand US presence
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Industrial
Ares launches global logistics real estate brand
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Hotels & Leisure
Global Mutual Hotels’ chief on steering €500m value-add platform in post-pandemic market
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Fundraising
BGO plans €2bn European value-add fund
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Financing
Another Star secures $685m hotel portfolio refinancing
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Investment
Hines bets big on living as Europe roars back into deal mode
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Retail
European retail rents show strongest growth worldwide
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Financing
S&P Global downgrades PBB outlook to negative
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Corporate
Peakhill acquires Venture Mortgage to expand US presence
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Retail
European retail market sentiment reaches new heights
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Retail
H&R REIT selling dozens of retail, office properties for $1.5bn
Asset-Backed Alert
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Auto
Subprime auto lenders waver on bond-issuing plans
Some less frequent issuers are nervous about testing the market amid the Tricolor Auto scandal
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Utility
Hawaiian Electric bond deal still smoldering
The long-awaited offering would cover expenses from the 2023 wildfires
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Esoteric
RV, boat and trailer floorplan offering planned
The securitization could be the first backed by such debt
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Whole business
Wendy’s joins whole-biz refi wave
The fast-food chain is retiring bonds with looming maturities and boosting leverage
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ABS
San Francisco credit union explores securitization
The operation is looking for a capital-markets executive
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CLO holdings of Caa-rated loans rise
The increase reflects downgrades of widely held borrowers
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Feds search for Tricolor execs after they skip bankruptcy hearing
Both men could face contempt-of-court charges
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The Grapevine – Additions at StoneX and DV, Aria sells out & more …
ABA’s weekly roundup of the latest people moves
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New C-PACE bond issuer enters queue
AXCS Capital could price its inaugural deal in the first quarter of 2026
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Chorus grows for more spacious ABS East venue
As attendance has swelled, many say the conference has outgrown the Fontainebleau hotel
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Subprime auto-loan delinquencies hit another record
The percentage of subprime loans at least 60 days past due rises to 6.65%
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NAIC mulls requiring funding-agreement disclosure
Life insurers may have to lay out more information about the nontraditional debt
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Debt-settlement securitization pipeline building
More companies that work with strapped consumers are exploring fee-backed offerings
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Senators ask Fed to hold P-factor steady
A new letter also calls for regulators to cut Biden-era Tier 1 capital proposal
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Industry pros on fence over Trump’s 50-year mortgages
Market players are focused on the potential to draw volume away from the nonagency market
Commercial Mortgage Alert
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Los Angeles
Irvine lands $130m Fannie loan for SoCal property
The debt refinances apartments within Market Place development
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Loan sales
UBS offering bridge-loan portfolio with $600m balance
The floating-rate loans are mostly performing
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Hotels & Leisure
CMBS refi of famed California resort on deck
The $970 million mortgage would be backed by the Hotel del Coronado
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Multifamily
Wells, Morgan Stanley back massive Cortland acquisition
The debt helps finance a $1.6 billion apartment purchase
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Self-storage
Lenders seeking bridge loan for self-storage portfolio
The 9,000-unit portfolio is in six states
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Freddie downsizes largest risk-sharing deal yet
The issue is the first of its type to be rated by Fitch
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Heavy supply, tight spreads test appetite for CMBS
Demand remains firm, but investors may be getting more selective
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Deutsche originates $450m loan linked to industrial-pool deal
The borrower is a Stream Realty partnership
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UBS writes senior loan as part of $193m refi for Upstate NY mall
The deal was completed this week
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Banks shopping first seasoned-loan CMBS of ’25
The separate issues, from Santander and Cross River Bank, total $791 million
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Texas legislator wants to broaden crackdown on tax-exempt deals
With property tax exemptions at risk, some lenders are requiring escrows
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New brokerage launched by Slatt, George Smith alums
Advisory shop will focus on structured deals with multiple pieces
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GID holds first close on planned $1.25b debt fund
At its target, the vehicle could write $4.5b of loans over time
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Venture looking for $120m loan backing rental project near DC
The developers are planning to put up a 420-unit building in Arlington
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Naftali leads refi of new Florida rentals
Investment manager retains mezzanine debt, syndicates senior portion to IDB Bank
Real Estate Alert
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Office
Brookfield JV lands buyer for prime DC office building
It’s the second-largest office deal in Washington this year
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Multifamily
Rentals near Phoenix offered with assumable loan
The property is expected to fetch about $55 million
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Office
Receiver pitches big, half-empty office complex in suburban Dallas
The 1.1 million sq ft Colonnade was worth nearly $350 million in 2019
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Multifamily
Apartment listing on Florida’s Space Coast takes flight
The 271-unit complex in Palm Bay could support rent increases with renovations
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Healthcare
Artemis corrals more than $1b for healthcare fund’s first close
It’s the shop’s first major haul since its acquisition by Barings
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Miami student-housing tower listed for sale
The 20-story Lapis is expected to attract offers of $185 million
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Dallas office building hits block as city’s sales volume rebounds
New York Life is marketing Pinnacle Tower in the Lower Tollway submarket
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Redevelopment site near Tampa listed for sale
The 131-acre property could be developed as data-center space or for other uses
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BREIT mulls bids for apartment complex near Tampa
The 381-unit property had a whisper price of $114 million
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Fractured South Florida rentals marketed
The offered units represent a 92% ownership stake and a chance to convert remaining condos to rentals
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Retail condo listed on Manhattan’s East Side
The 8,400 sq ft space is fully occupied
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Blackstone shops Central Florida rentals with upside
The 2000-vintage property could attract bids of $76 million
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Survey: job market improves for junior CRE staffers
RETS Associates’ annual poll of analysts and associates shows increased optimism for new opportunities
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Affordable-housing shop open to partial sale, recap and future funding
The owner has listed a 37-property portfolio that spans 11 states
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Rentals on Tampa Bay waterfront come with assumable debt
Offering includes the 339-unit Vue at Belleair and two parcels entitled for 169 additional units
Green Street global exclusives
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Industrial
Caisson iO hires managing director for growth push
Tim George joins industrial and logistics specialist after working with firm as a consultant
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Office
Singaporean investor warms up £100m west London office sale
The tenant, Cisco Systems, has recently recommitted to the campus
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Australia
JLL debt big-hitter expands remit to Asia Pacific
Brad Greenway to lead adviser’s APAC and EMEA finance teams
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Industrial
Fully leased North Vancouver building hits the market
The mixed-use property has redevelopment potential
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Industrial
Modern South Shore industrial facility with room to grow hits market
The property was built in 2020