CMBS Special Servicers Maintain Impressive Workout Rate, Fitch Says
Special servicers in the commercial mortgage-backed securities (CMBS) space have blazed a trail of successful loan resolutions, Fitch Ratings reports. According to the...
New Report Predicts Commercial Real Estate Trends For 2012
The U.S. commercial real estate (CRE) sector is preparing itself for another year of economic doldrums and the absence of dynamic job generation,...
Fannie Mae: Agency CMBS ‘Thriving’
Fannie Mae says its issuance of multifamily mortgage-backed securities (MBS) is on pace to exceed $20 billion by the end of the year....
Deloitte: Gradual Improvement In Global Commercial Real Estate
Global commercial real estate (CRE) is gradually improving despite mounting concerns over sovereign debt, the pace of future economic expansion and a weak...
Moody’s: Commercial Real Estate Prices Up 2.4% In August
U.S. commercial real estate prices rose 2.4% in August, according to new data measured by the Moody's/REAL National Commercial Property Price Index (CPPI)....
Duke Realty Sells Office Property Portfolio For $1B
Indianapolis-based Duke Realty Corp. has signed a definitive agreement to sell a 10.1 million square-foot portfolio of suburban office properties located in seven...
Clopton Capital Begins Marketing Fixed Annuities
Clopton Capital, a Chicago-based commercial mortgage provider, has begun marketing fixed annuities via a partnership with the online life insurance broker YourLifeSolution.com. As...
Four Banks Fail To Tune Of $358.8M
Four banks insured by the Federal Deposit Insurance Corp. (FDIC) were shuttered Friday, costing the agency's insurance fund approximately $358.8 million. The costliest...
CMBS Special Servicers Lacking On Data, Fitch Says
Many special servicers of commercial mortgage-backed securities (CMBS) are not reporting current financial data on loans that have returned to performing status, Fitch...
GGP Completes 2011 Financing Plan With Four Mall Refis
General Growth Properties Inc. (GGP) announced this week that it has refinanced four shopping malls representing $966 million of new mortgages. The new...
Following Helios Deal, Fitch Places Situs On Rating Watch Positive
Fitch Ratings has placed Situs Asset Management's commercial mortgage-backed securities (CMBS) special servicer rating of CSS3+ on Rating Watch Positive. The rating action...
Multifamily Lending Dollar Volume Rose 31% In 2010
Last year, 2,548 different multifamily lenders provided a total of $68.8 billion in mortgage financing for apartment buildings with five or more units...
NYC’s Historic Clock Tower Building Sold For $165M
A landmark skyscraper in the New York City skyline has been sold, following years of frustrated development plans and a recent highly publicized...
C-III, Colony Capital Become Major Grubb & Ellis Stakeholders
Grubb & Ellis Co. reports that it has entered into exclusive negotiations with a subsidiary of C-III Capital Partners LLC, an affiliate of...
Bank Closings Rise To 80 For The Year
Four banks fell Friday, bringing the total number of closings this year to 80, the Federal Deposit Insurance Corp. (FDIC) reports. The closings...
Fannie Mae Prices Sixth Multifamily DUS REMIC
Last week, Fannie Mae priced its sixth multifamily DUS REMIC of the year. The latest deal under the company's Guaranteed Multifamily Structured (GeMS)...
CREL CDO Delinquencies Up Slightly In September
After four consecutive months of decline, delinquencies for U.S. commercial real estate loan collateralized debt obligations (CREL CDOs) rose slightly last month, according...
MetLife, Credit Suisse Reportedly Exiting Real Estate Finance Operations
Two major financial services providers - one for the residential market and one for the commercial market - are reportedly seeking to shut...
Commercial Real Estate Executives See No Recovery Until Late 2013
Commercial real estate (CRE) executives expect to see improvements in revenue and a wider workforce next year, but the majority predict a full...
Sabal Financial Acquires $153M Commercial Loan Portfolio
Sabal Financial Group LP, a financial services management firm based in Newport Beach, Calif., has acquired a $153 million portfolio from an institution...