Capmark Receives ‘Very Signficant, Interesting’ Bid For Servicing Unit
Capmark Financial Group Inc. has reportedly received another bid on its servicing unit. The company had previously received a $490 million bid from...
Paramount Hotel Group Named Manager Of Three Distressed Hotels
Paramount Hotel Group, an independent hotel management and ownership group, has been named by institutional lenders in two separate transactions to operate three...
MBA: Commercial, Multifamily Originations Remained Low In Q3
Commercial and multifamily mortgage loan originations for the third quarter of this year were 12% lower than during the second quarter, and 54%...
$100M Financing Arranged For Four-Property Multi-Housing Portfolio
The Chicago and Boston offices of Holliday Fenoglio Fowler LP (HFF) have secured $100 million in financing for a four-property, multi-housing portfolio in...
Calif. Commercial Loan Delinquency Rate Drops To 0.23%
The delinquency rate for commercial mortgages in California over the past three months has dropped from 0.26% to 0.23%, according to the California...
Walker & Dunlop Opens Chicago Office
Multifamily lender Walker & Dunlop has grown its national presence with the opening of a new office in Chicago. Joining the company's new...
MIT’s Commercial Property Price Index Increases
Transaction prices of commercial property sold by major institutional investors rose by more than 4% in the third quarter, according to an index...
Realpoint: CMBS UPB Jumps 583% Year Over Year
The delinquent unpaid balance for commercial mortgage-backed securities (CMBS) increased to $31.73 billion in September, a year-over-year increase of 583%, according to a...
Older Vintage CMBS Not Immune To Market Stress
Further deterioration in real estate fundamentals expected over the next 18 to 24 months are likely to cause rating downgrades for seasoned U.S....
Industrial Real Estate Vet Launches Investment Firm
Former First Industrial Realty Trust President and CEO Michael W. Brennan has launched a new privately held industrial real estate investment firm in...
commonground Wins Forrester Groundswell Award
commonground, an online community for environmental and commercial real estate professionals, has been recognized with a Forrester Groundswell award. The social networking site...
Financial Regulators Adopt Guidance On CRE Workouts
Regulators have released a policy statement supporting what they call prudent commercial real estate (CRE) mortgage workouts. The statement was issued by the...
Fitch Downgrades Three CMBS Deals On Higher Peter Cooper/Stuy Town Losses
Fitch Ratings has downgraded, revised loss severity ratings and maintained a negative outlook on 19 classes from three U.S. commercial mortgage-backed securities (CMBS)...
Capmark Ordered To Delay Bid Deadline For Servicing Business
Bankruptcy Judge Christopher Sontchi ruled Tuesday that Capmark Financial Group Inc. will have to push back the bid deadline for its servicing business....
New York Fed Accepts 81 Legacy CMBS For TALF
The New York Fed announced Tuesday that 81 legacy commercial mortgage-backed securities (CMBS) have been accepted for the Term Asset-Backed Securities Loan Facility...
MBA To Sell D.C. Headquarters
The Mortgage Bankers Association's (MBA) headquarters building in Washington, D.C., is up for sale. MBA President and CEO John Courson and Chairman Robert...
HFF Closes Sale Of Nine-Property Texas Self-Storage Portfolio
The Houston office of Holliday Fenoglio Fowler LP (HFF) says it has closed the sale of a nine-property self-storage portfolio located in Austin,...
Moody’s Report Reaffirms CRE’s Woes
Most commercial real estate markets in the U.S. continue to post weak fundamentals and are unlikely to see recoveries soon, according to Moody's...
Capmark Financial Group Files Chapter 11
Commercial lender Capmark Financial Group Inc. has announced that the company and certain subsidiaries have filed voluntary petitions for relief under Chapter 11...
HFF Closes $78.5 Million Loan Sale
The loan sales group of Holliday Fenoglio Fowler LP (HFF) has consummated the sale of 19 well-performing first-mortgage commercial loans on behalf of...