N.C. Office Complex Wins NAIOP Sustainable Development Award
NAIOP, the Commercial Real Estate Development Association, has presented North Carolina-based Bissell with its 2011 Sustainable Development Award. Bissell is being honored for...
Fitch Affirms KeyBank Real Estate Capital’s CMBS Servicer Ratings
Fitch Ratings has affirmed KeyBank Real Estate Capital's (KBREC) commercial mortgage-backed securities (CMBS) servicer ratings as follows: primary servicer rating at CPS1,...
CMBS Delinquency Rate Higher In September
Delinquencies on commercial mortgage-backed securities (CMBS) inched up 4 basis points (bps) to 9.56%, according to new data from Trepp LLC. This is...
Banco Popular Completes Sale Of CRE Portfolio
Banco Popular de Puerto Rico has completed the sale of its portfolio of construction and commercial real estate (CRE) loans with an unpaid...
Invesco Affiliates, Others Acquire $880M Portfolio From Bank Of America
Invesco Ltd. subsidiaries WL Ross & Co. LLC and Invesco Advisers Inc. have teamed with Square Mile Capital Management LLC and the Canyon-Johnson...
DDR Reports $169M In Q3 Transaction Activity
DDR Corp. reports that it acquired three prime shopping centers for $110 million and disposed of $59 million of nonprime assets in the...
Waterstone Buys Servicing Rights To $500M C&I Loan Portfolio
Waterstone Asset Management LLC has purchased the primary and special servicing rights to a $500 million securitized portfolio of 800 commercial and industrial...
MetLife Continues Investment In Top-Tier Markets
MetLife Inc. reports that it has closed, through its real estate investments department, a $300 million loan for the Bank of America Center...
Fitch To Special Servicers: Don’t Go Chasing Waterfalls
Recent changes in ownership, management and strategic direction among U.S. commercial mortgage-backed securities (CMBS) special servicers are prompting new investor concerns, according to...
Time Warner Considering HQ Move
Seven years after it relocated its headquarters to the soaring Time Warner Center in New York City's Columbus Circle, media giant Time Warner...
Deutsche Bank Reportedly Plans $700M Bond Issue
Deutsche Bank AG is reportedly planning to sell $700 million in bonds backed by commercial property loans. According to a Bloomberg report that...
Morningstar: CMBS Late Pays Fall Again
The delinquent unpaid balance of commercial mortgage-backed security (CMBS) loans continues to fall, having dropped more than $3 billion to $58.92 billion at...
Ranieri, WL Ross Team To Buy Deutsche Bank Berkshire Mortgage
Ranieri Real Estate Partners LP (RREP) and private equity funds affiliated with WL Ross & Co. LLC have agreed to acquire Deutsche Bank...
FDIC Reports Two Bank Failures
Regulators closed two banks in Virginia and California Friday, the Federal Deposit Insurance Corp. (FDIC) reports. The larger failing belonged to Norfolk, Va.-based...
Reports: B Of A Sells $880M Commercial Mortgage Portfolio
Bank of America has agreed to sell an $880 million commercial mortgage portfolio at a discount of 20% to 25%, the Wall Street...
More CRE Developers Digging Alternative Markets
Secondary and tertiary markets are becoming increasingly attractive to commercial real estate (CRE) developers, a survey says. The survey - released jointly by...
Commercial/Multifamily Mortgage Debt Outstanding Increases
Commercial/multifamily mortgage debt outstanding increased by 0.1% in the second quarter, the first quarterly increase since the third quarter of 2009, according to...
PKF-HR Takes Favorable Position On Hotel Sector
PKF Hospitality Research (PKF-HR) has taken a rosier perspective of the hotel industry, forecasting that rooms revenue for U.S. hotels will rise 7.2%...
Barclays, FundCore Launch CMBS Loan Origination Program
Barclays Capital and FundCore Finance Group have announced the joint formation of a commercial mortgage-backed securities (CMBS) loan origination and securitization program. The...
Citigroup, Goldman Revive Withdrawn CMBS
Citigroup Inc. and Goldman Sachs Group Inc. have revived and expanded a commercial mortgage-backed security (CMBS) that was suspended in July when Standard...