New York’s Hotel Chelsea Is Sold For $80M
One of New York's most famous lodging institutions has been sold - and its guests have been told to leave the premises. According...
CMBS Late Pays Hit New High
The delinquency rate for U.S. commercial mortgage-backed security (CMBS) loans saw its biggest monthly gain of the year in July, when it rose...
CMBS Conduit Loan Liquidations Down In July
Over $1.3 billion in commercial mortgage-backed securities (CMBS) conduit loans were resolved with losses in July, according to data released by Trepp LLC....
GGP Plans Spin-Off Of 30-Mall Portfolio
Chicago-based General Growth Properties Inc. (GGP) has announced plans to spin off a 30-mall portfolio, totaling 21.1 million square feet, to holders of...
Clopton Capital Plans Hedge Fund
Clopton Capital, a Chicago-based commercial real estate lending company, is announcing its intention to form a strategic hedge fund. According to the company,...
FDIC Reports Three Bank Failures, Including Integra Bank
Three banks, including two institutions regulated by the Office of the Comptroller of the Currency (OCC), were closed Friday. Included among the OCC...
Fitch Ratings: U.S. CMBS Defaults Nearing 13%
The cumulative default rate for fixed-rate commercial mortgage-backed securities (CMBS) increased to 12.9% at the end of the second quarter - a 228-basis-point...
Senate Bill Aims To Extend FHA Hospital Program
A newly introduced bipartisan Senate bill seeks a five-year extension of the Federal Housing Administration's (FHA) mortgage insurance program for rural hospitals.
The current FHA...
$1.5B CMBS Withdrawn At Last Minute
Goldman Sachs and Citigroup Global Markets Inc. have withdrawn their $1.5B GS Mortgage Securities Trust 2011-GC4 transaction issuance after Standard's & Poors stated...
Banks’ Loan Performance Improved In Q2
The delinquency rates for banks' residential mortgage and commercial real estate loans appear to have eased in the second quarter, Trepp LLC reports....
Study Finds Venture Capital Fueling Top Office-Space Markets
Venture capital investment is fueling the turnaround in the top U.S. office markets, according to a new white paper released by the commercial...
FDIC Announces Three Bank Closings
The Federal Deposit Insurance Corp. (FDIC) announced three bank closings Friday. Tampa, Fla.-based American Momentum Bank acquired the deposits and essentially all of...
Walker & Dunlop Launches Interim Loan Program For Multifamily Borrowers
Walker & Dunlop Inc. has launched an interim loan program. To be initially offered in East Coast markets, the loan program will provide...
Moody’s: May CRE Prices Up 6.3%
U.S. commercial real estate (CRE) prices recorded a 6.3% increase in May, according to new data released by the Moody's/REAL Commercial Property Price...
Trepp: CRE Loan Payoffs Up In June
The percentage of commercial real estate (CRE) loans paying off on their balloon date jumped in June, according to Trepp LLC's June Pay...
First CRE CDO Since 2008 Debuts
Deutsche Bank and Wells Fargo have teamed up to present the first U.S. commercial real estate (CRE) collateralized debt obligation (CDO) in nearly...
Fitch Affirms Protective Life’s CMBS Servicer Ratings
Fitch Ratings has affirmed Protective Life Insurance Co.'s commercial mortgage-backed securities (CMBS) primary-servicer rating of CPS3+, master-servicer rating of CMS3 and special-servicer rating...
Freddie Mac Announces $1B K-Certificate Offering
Freddie Mac has announced a new $1 billion offering of Structured Pass-Through Certificates (K-014 Certificates). The new certificates are expected to price next...
Four Bank Failures Reported Friday
Four banks insured by the Federal Deposit Insurance Corp. (FDIC) failed last week, bringing the total number of banking closings this year to...
Report Warns Federal Downsizing Will Damage Atlanta CRE Sector
The U.S. government's plan to jettison federal offices in Atlanta could harm the city's efforts to revitalize its commercial real estate (CRE) sector,...