Fed’s Lockhart: Unemployment Bedevils Atlanta’s CRE Sector
Recovery of Atlanta's commercial real estate (CRE) sector is hampered by high unemployment, according to Federal Reserve Bank of Atlanta President and CEO...
Freddie Mac Offering $1B In Multifamily Securities
Freddie Mac has announced a new offering of Structured Pass-Through Certificates (K Certificates), multifamily mortgage-backed securities. The certificates are backed by 81 recently...
Landmark Chicago Hotel In Chapter 11 Filing
One of Chicago's most famous hotels has filed for Chapter 11 bankruptcy reorganization. The Chicago Tribune reports that ALT Hotel LLC, the owner...
MBA: Q1 Commercial, Multifamily Originations Down 25%
Commercial and multifamily mortgage originations were 25% lower in the first quarter of this year than during the fourth quarter of 2010, according...
Real Estate Roundtable: CRE Recovery Will Be Slow And Uneven
The nation's commercial real estate (CRE) sector is likely to continue a slow, 'bifurcated' recovery over the coming year, with top urban markets...
CMBS Delinquencies Jump Sharply
The delinquency rate for U.S. commercial mortgage-backed securities (CMBS) rose to 9.65% in April from 9.42% in March - the largest jump since...
FDIC Closes Pilot CMBS Transaction
The Federal Deposit Insurance Corp. (FDIC) has closed on a sale of securities as part of a securitization backed by approximately $394.3 million...
Wells Fargo Tops Fannie’s 2010 Multifamily Lender List
Fannie Mae has announced its top multifamily loan originators for 2010, and topping the list is Wells Fargo Bank NA. Rounding out the...
Cantor Commercial Real Estate Closes CMBS Offering
Cantor Fitzgerald & Co. has issued $634.5 million in commercial mortgage pass-through securities that are backed by loans originated by Cantor Commercial Real...
Last Week’s Bank Closings Concentrated In Southeast
Five banks, including two in Georgia and two in Florida, were closed Friday. The closing of Mount Celmens, Mich.-based Community Central Bank is...
Trepp: Recovery For Banks’ Loan Delinquencies Stalls
The delinquency rates for residential and commercial mortgages at Federal Deposit Insurance Corp. (FDIC)-insured banks improved modestly during the first quarter, while construction-loan...
New CRE Data Offer Mixed Results
Two new reports on the state of commercial real estate (CRE) have produced mixed results. Moody's Investors Service stated that the overall composite...
CoStar Group Acquires LoopNet
CoStar Group Inc., a commercial real estate (CRE) information company based in Washington, D.C., has signed a definitive agreement to acquire LoopNet Inc.,...
Commercial/Multifamily Originations Up 44% In 2010
Coming off of a weak 2009, commercial and multifamily mortgage origination volumes increased 44% in 2010, with mortgage bankers reporting $118.8 billion of...
Realpoint Reports Slight Increase In CMBS Delinquencies
The reporting of early-stage commercial mortgage-backed security (CMBS) loan delinquencies continued to slow through March, although the overall unpaid balance of delinquent CMBS...
CMBS Credit Enhancement On The Rise
Credit enhancements for commercial mortgage-backed securities (CMBS) are on the rise, Fitch Ratings reports. The agency has raised its credit-enhancement levels to reflect...
Busy Week For Bank Closings
Six banks fell Friday, bringing this year's total number of Federal Deposit Insurance Corp. (FDIC)-insured bank failures to 34. Together, the bank closings...
Empire State Building Owners Plan Public Offering
The owners of New York's Empire State Building are reportedly planning to launch a new publicly traded company. According to The New...
CMBS Delinquencies Slowed In March
The delinquency rate for commercial mortgage-backed securities has begun to stabilize, Fitch Ratings reports. While analysts had forecast the delinquency rate to soon...
Two Banks Closed By Regulators
Two Federal Deposit Insurance Corp. (FDIC)-insured banks fell last week, costing the agency's Deposit Insurance Fund an estimated total of $62.9 million. State...