Fitch: Rate Of Specially Serviced U.S. CMBS Still Falling
The rate of commercial mortgage-backed security (CMBS) loans entering special servicing is continuing to decline, according to Fitch Ratings. After reaching a peak...
Prudential Mortgage Capital Provides $106.5M Office Loan
Newark, N.J.-based Prudential Mortgage Capital Co. has closed a $106.5 million loan for The Rockefeller Group on behalf of Prudential's general account. The...
Blackstone Reportedly Seeking $1.35B In Refinancing
Blackstone Group LP is reportedly arranging to borrow up to $1.35 billion to refinance 21 U.S. office properties. Bloomberg News, citing three unnamed...
Xenith Bank Acquires Paragon Commercial
Richmond, Va.-based Xenith Bank has entered into a definitive purchase agreement with Paragon Commercial Bank to acquire its Richmond branch operations and certain...
A Leveling Off In CMBS Delinquencies?
The delinquency rate for commercial mortgage-backed security (CMBS) loans fell five basis points to 9.6% in May, Trepp LLC reports. The decline represents...
Lynd Wins Bid To Purchase Portfolio Of Distressed Student Housing
San Antonio, Texas-based Lynd LLC has purchased an $80 million portfolio of distressed student housing in Tallahassee, Fla., from LNR Property LLC. The...
Irish Banks Drop U.S. CRE Holdings
Allied Irish Banks PLC has become the latest of Ireland's major financial institutions to sell its portfolio of U.S. commercial real estate (CRE)...
Trade Groups Criticize Federal Response To Multifamily Housing Issues
A pair of industry trade organizations representing multifamily housing has criticized the U.S. Department of Housing and Urban Development (HUD) for not keeping...
S&P: U.S. CMBS Loss Severity Rate Declines
U.S. commercial mortgage-backed securities (CMBS) loss severities declined and delinquencies grew slightly in the first quarter as collateral performance showed early signs of...
Fitch: CMBS Loan Defaults To Top 12% By Year-End
Despite increased loan modification activity and rising new commercial mortgage-backed security (CMBS) issuance, Fitch Ratings projects that CMBS loan defaults will top 12%...
New Report: No Retail-Sector Recovery Until 2013
Net demand for retail space has been trending up since July 2010, yet the U.S. retail sector will not reach historical average vacancy...
U.S. CRE Prices Down 4.2% In March
U.S. commercial real estate (CRE) prices fell 4.2% in March, as measured by an index from Moody's Investors Service and Real Estate Analytics...
Freddie Mac Brings Single-Borrower K Deal To Market
Freddie Mac has announced yet another new offering of the multifamily mortgage-backed securities known as K Certificates. The company expects to offer approximately...
CRE CDOs May Be On The Rebound, Fitch Says
The market for commercial real estate collateralized debt obligations (CRE CDOs) is showing new signs of life, Fitch Ratings says in a new...
Multifamily Property Transactions Increased 40% During Q1
Investor interest in multifamily properties jumped 40% in the first quarter of this year, according to data released by Washington, D.C.-based CoStar Group....
CMBS Loss Severities Down In Q1
Loss severities on U.S. commercial mortgage-backed securities (CMBS) that are liquidated at a loss decreased in the first quarter to 38%, down from...
Fitch Issues Pre-Sale On CMBS Transaction
Fitch Ratings has issued a presale report on JP Morgan Chase Commercial Mortgage Securities Corp. 2011-C4. Fitch expects to rate the transaction and...
Jones Lang LaSalle: Global CRE Investment Up In Q1
Global commercial real estate (CRE) investment volumes are up 44% year-over-year, according to the first quarter 2011 edition of Jones Lang LaSalle's Global...
Fitch Takes Various Actions On Commercial Mortgage Trust
Fitch Ratings has downgraded four classes and upgraded one class of LB-UBS Commercial Mortgage Trust (LB-UBS) commercial mortgage pass-through certificates series 2005-C5. The...
Moody’s: CMBS Defeasance Activity Doubled In 2010
Defeasance among loans backing U.S. commercial mortgage-backed securities (CMBS) jumped from $1.3 billion in 2009 to $2.8 billion in 2010, according to new...