Guggenheim Partners To Acquire LBBW Securities
Guggenheim Partners LLC has agreed to acquire LBB Securities LLC, the U.S. broker/dealer of Landesbank Baden-Wurttemberg (LBBW). The transaction, subject to review by...
MBA: Commercial Debt Outstanding Declined Slightly In 2009
The level of commercial/multifamily mortgage debt outstanding decreased by 1.7% in the fourth quarter of 2009, to $3.4 trillion, according to the Mortgage...
LoopNet Announces Strategic Investment In AuctionPoint
LoopNet Inc., the operator of an online commercial real estate marketplace, has completed a strategic investment in AuctionPoint Inc., a provider of commercial...
PwC Surveys Investors About CRE Landscape
Commercial real estate investors reveal a sense of hopefulness and improved sentiment with regard to the industry as the U.S. economy shows some...
Resolved CMBS Dwarfed By Special Servicing Pipeline, Fitch Says
Though commercial mortgage-backed securities (CMBS) special servicers are making some progress in working out distressed loans, they still have a sizable backlog awaiting...
Fitch Upgrades Centerline Servicer Ratings
Fitch Ratings has upgraded Centerline Servicing Inc.'s (CSI) primary commercial mortgage-backed securities (CMBS) servicer rating to CPS2- from CPS3+ and its special servicer...
CB Richard Ellis Launches iPhone App
CB Richard Ellis Group Inc. (CBRE) has become the first commercial real estate services firm with a corporate iPhone application. The newly launched...
Regulators Close N.Y.-Based LibertyPointe Bank
State banking regulators have closed New York-based LibertyPointe Bank, and the Federal Deposit Insurance Corp. (FDIC), acting as receiver, has entered into a...
MBA Reports Continued Rise In Commercial Delinquencies
Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily...
JCR Capital Holds First Closing Of CRE Fund
JCR Capital, a Denver-based commercial real estate finance company, has announced its first closing of the JCR Capital Distressed & Opportunistic Real Estate...
Commercial, Multifamily Mortgages Among Banks’ Best Performers
Commercial and multifamily mortgages had the lowest charge-off rates of any loan type at banks and thrifts in the fourth quarter of 2009,...
Fitch Reviews Centerline Servicing’s CDO Management
Island Capital Group's recently announced recapitalization of Centerline Holding Co. (CHC) has prompted Fitch Ratings to review Centerline Servicing Inc. (CSI) as a...
Harrah’s Entertainment Amends CMBS Loan Terms
Harrah's Entertainment Inc. has received unanimous consent from its commercial mortgage-backed securities (CMBS) lenders to amend the terms of approximately $5.5 billion in...
Island Capital Group Buys Centerline’s Servicing Unit
New York-based Island Capital Group has reportedly acquired Centerline Holding Co.'s commercial mortgage servicing business, committing $100 million in new equity and assuming...
Freddie To Launch Mezzanine Program
Freddie Mac is reportedly looking to expand its multifamily origination program by teaming with mezzanine lenders. According to a March 3 report from...
Starwood Property Trust Closes On $503M Diversified Loan Portfolio
Greenwich, Conn.-based Starwood Property Trust has completed the purchase of a portfolio of 20 performing commercial mortgage loans and B notes from Teachers...
BK Court Grants GGP Extension On Exclusivity
Mall owner General Growth Properties Inc. (GGP) has announced that the bankruptcy court has approved an extension of the exclusivity period during which...
CMBS Delinquency Growth Slowing, But Still Reaching New High
Trepp's March delinquency report on commercial mortgage-backed securities (CMBS) notes that CMBS delinquencies registered the smallest month-to-month growth in six months, but all...
CRE Loan Prices Post Small Increase
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-backed securities (CMBS) increased to 76.7% as of...
CRE Auction Company Lets Brokers Keep Full Commission
The LFC Group of Companies, providers of online real estate auction marketing services, is expanding its Never Lose a Listing (NLL) program for...