”Don’t wait. The time will never be just right.”
— Napoleon Hill
Posted on Tue, Oct 15, 2013 Written by Joe McBride, Research Analyst
CMBS investors breathed a sigh of relief on Thursday when a $1.3 billion conduit deal from Morgan Stanley and Bank of America priced in line with deals done last month instead of the Cantor-Deutsche deal that came in noticeably wider last week. The 10 year AAA tranche of this week’s deal priced at 109 basis points over swaps, 6 basis points tighter than last week’s deal. Another big piece of news came from CW Capital on Thursday. The special servicer announced it would be selling $2.6 billion of distressed CMBS assets starting on November 13. Although the assets are confidential, Trepp published a list of loans today that Morgan Stanley identified will be on the block, although CW Capital has not yet confirmed.
Equities started last week in free fall, dropping 1-2% both Monday and Tuesday over debt ceiling and shutdown fears. Janet Yellen’s nomination as the next Federal Chairperson helped calm the markets on Wednesday and news of progress in the debt ceiling talks on Thursday sent the markets barreling higher. All in all, the major indices ended the week up 1-1.5% and the federal government is still shut down.
CMBS spreads managed to avoid most of the negative movement early in the week and latch on to the positive momentum on Thursday and Friday. Legacy LCFs and AJs ended tighter by a basis point or two while yields on the ten year treasury widened 6 to 7 basis points.
|
Volume |
GG10 |
|
|
Monday |
$120 m |
162 bps |
|
Tuesday |
$200 m |
163 bps |
|
Wednesday |
$800 m |
162 bps |
|
Thursday |
$900 m |
160 bps |
|
Friday |
$50 m |
160 bps |
|
JPEG
a little about me and my expertise – video
LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA https://www.youtube.com/watch?v=PPs3kpKR4nY
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.
View my listings and my profile at: http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily
Follow me on Facebook: http://www.facebook.com/ungerccim Follow me on Twitter: https://twitter.com/Walterunger Follow Me on Linkedin: https://www.google.com/search?q=linkedin+pub+walter+unger+ccim+782+920&channel=linkdoctor Follow Me on Google+ https://plus.google.com/u/0/b/114560883588623379451/
Walter Unger CCIM, CCSS, CCLS I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Thank You Walter
Walter Unger CCIM Associate Broker Kasten Long Commercial 2821 E. Camelback Road, Suite 600 Phoenix, AZ 85016 Cell: 520-975-5207 Direct: 602-759-1202 Office : 602-445-4141 Fax: 602-445-4188
Delivering the New Standard of Excellence in Commercial Real Estate
Disclaimer of Liability The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
|
|
|