Fitch Assigns CMBS Large-Loan Special Servicer Rating
Fitch Ratings has assigned a commercial mortgage-backed securities (CMBS) large-loan special servicer rating of CLLSS3+ to Brookfield Real Estate Financial Partners LLC (BREF)....
Fitch: CMBS Specially Serviced Loans Up Another 7.4%
On the heels of another rise in U.S. commercial mortgage-backed security (CMBS) delinquencies, Fitch-rated loans in special servicing rose an additional 7.4%, according...
MBA: Multifamily Lending 40% Lower In 2008 Than 2007
In 2008, 2,877 different multifamily lenders provided a total of more than $88 billion in new financing for apartment buildings with five or...
GGP Reaches Agreements On Certain Mortgage-Related Debt
General Growth Properties Inc. (GGP) says it has reached agreements in principle to restructure approximately $8.9 billion of secured mortgage loans. Key provisions...
Grubb & Ellis, Lee & Associates To Use AuctionPoint
Brokerage firms Grubb & Ellis and Lee & Associates have signed on to use the AuctionPoint online auction platform to sell commercial real...
Fitch Assigns CMBS Primary Servicer Rating To Columbia National
Fitch Ratings has assigned Columbia National Real Estate Finance LLC a commercial mortgage-backed security (CMBS) primary servicer rating of CPS2-. Columbia National's primary...
BofA To Issue $460M In CMBS
On the heels of Developers Diversified Realty Corp.'s (DDR) commercial mortgage-backed security (CMBS) deal, Bank of America is preparing to issue a $460...
Brookdale Senior Living Closes Sunrise Portfolio Acquisition
Brookdale Senior Living Inc. has completed its previously announced acquisition of communities from affiliates of Sunrise Senior Living Inc. Brookdale acquired 18 communities,...
Fitch: Large Office, Hotel Defaults Drive CMBS Delinquencies
Job losses and subsequent office loan defaults, coupled with continued hotel underperformance, resulted in another monthly increase in U.S. commercial mortgage-backed security (CMBS)...
Trepp, Rockport Group Team On CMBS Underwriting Model
Trepp LLC clients can now launch a pre-populated Microsoft Excel underwriting model developed by The Rockport Group for commercial real estate-focused investors. With...
San Francisco Pending Home Sales Increase 58% Year Over Year
Pending home sales in San Francisco increased 30% month over month in October and 58% year over year, according to the latest Market...
U.S. CREL CDO Delinquencies Exceed 10%
New matured balloons and past-due loans secured by interests in nontraditional assets propelled U.S. commercial real estate loan collateralized debt obligation (CREL CDO)...
New York Fed Taps CWRMS As TALF Advisor
CW Risk Management Solutions (CWRMS), a division of CWCapital Investments and its parent company CW Financial Services, has been selected by the Federal...
Site Launched For Commercial Investors, Developers
Brooklyn, N.Y.-based LopinYukelis Corp. has launched CommercialDeals.com, a Web site where investors and developers seeking financing can post their deals. The site is...
DDR Readies CMBS Deal
Most of Developers Diversified Realty Corp.'s (DDR) planned $400 million commercial mortgage bond sale, the first new commercial mortgage-backed security in over a...
Fitch Upgrades BofA Merrill Lynch’s CMBS Servicer Ratings
Fitch Ratings has upgraded Bank of America Merrill Lynch's (formerly Bank of America) commercial mortgage-backed securities (CMBS) primary and special servicer ratings to...
Study Finds Lower Vacancy, Higher Rents In Green Buildings
A study conducted by the University of San Diego and CB Richard Ellis Group Inc. (CBRE) has found that tenants in green buildings...
Commercial Real Estate Advisors Open Business In Chicago
Several senior executives formerly allied with Chicago's Beacon Realty Capital have opened The BSC Group, a commercial real estate investment advisory services firm....
CB Richard Ellis Tops $1B In Fannie Mae DUS Closings
Since becoming a Fannie Mae Delegated Underwriting and Servicing (DUS) lender in April 2008, CB Richard Ellis Group Inc. (CBRE) has closed more...
Fitch: Additional CMBS Actions Unlikely As Stuy Town Moves To Special Servicing
Fitch Ratings says it does not expect to take any negative rating actions following the transfer of the Peter Cooper Village/Stuyvesant Town (PCV/ST)...