Fitch’s CMBS Loans Of Concern Rise
The addition of 432 commercial real estate loans totaling approximately $5.2 billion resulted in a 7% increase in Fitch Ratings' U.S. commercial mortgage-backed...
Warren Buffet’s Berkadia III Buys Capmark Financial Group
Berkadia III LLC, a newly formed entity owned by Leucadia National Corp. and Warren Buffett's Berkshire Hathaway Inc., has agreed to purchase Capmark...
Sam Zell Forms Distressed-Asset Fund
Equity Group Investments LLC Chair Sam Zell, the legendary real estate entrepreneur and owner of the Chicago Cubs baseball team, filed a private-placement...
New York Fed Settles $2.1B In Loans For Legacy CMBS
The New York Fed settled $2.1 billion in loans for legacy commercial mortgage-backed securities (CMBS) under its Term Asset-Backed Securities Loan Facility (TALF)...
TBW And FDIC Battle Over Escrow Checks
Taylor, Bean & Whitaker (TBW) and the Federal Deposit Insurance Corp. (FDIC) are fighting it out in bankruptcy court to determine who gets...
Fitch Upgrades ORIX’s CMBS Special Servicer Rating
Fitch Ratings has upgraded ORIX Capital Markets' commercial mortgage-backed securities (CMBS) special servicer rating to CSS2 from CSS3+, the rating agency says. The...
Apartment Complex Cause For CMBS Transaction Downgrades
Debt-service reserves for The Stuyvesant Town/Peter Cooper Village loan are likely to run out by the end of this year, according to recently...
Marathon, Brookfield Test REIT Waters
Two more real estate investment trusts filed initial public offerings (IPOs) last week, Reuters reports. Maryland-based Brookfield Realty Capital Corp. will originate, invest...
Prudential Mortgage Capital Closes $108M Loan For Retail Portfolio
Prudential Mortgage Capital Co. has closed a $108 million loan on behalf of its general account client for a portfolio of retail properties...
Wells Fargo/Wachovia Bank Tops U.S. Commercial/Multifamily Servicers In MBA Report
Wells Fargo/Wachovia Bank, with $476.2 billion in U.S. master and primary servicing at the end of June, topped the Mortgage Bankers Association's (MBA)...
$252M Commercial Mortgage Loan Portfolio For Sale
Mission Capital Advisors LLC, a commercial, residential and consumer loan sale advisor with offices in New York, Florida, Texas and California, is currently...
Commercial Defeasance Structures $18.9 Million Defeasance
Commercial Defeasance LLC recently facilitated an $18.9 million defeasance for Wilkinson Real Estate Partners, which refinanced three Greenville, S.C., properties for $23 million....
Industrial And Retail Lending Conditions Worsened In Q2
Commercial real estate (CRE) lending conditions for the nation's community banks declined sharply in the second quarter of 2009 and appear unlikely to...
Fitch Downgrades Morgan Stanley Pass-Through Certificates
Fitch Ratings has downgraded and removed from Rating Watch Negative 16 classes of commercial mortgage pass-through certificates from Morgan Stanley Capital I Trust...
Alliance Capital Launches Small-Balance Lending Platform
Alliant Capital LLC, a debt and equity financier and Fannie Mae DUS lender for the multifamily industry, has launched a new, small-balance apartment...
CB Richard Ellis Extends Maturities
CB Richard Ellis Group Inc. has agreed to modify $994 million of debt by offering lenders the ability to swap certain existing tranches...
Delinquent UPB For CMBS Jumps 511% Year-Over-Year
The delinquent unpaid balance (UPB) for commercial mortgage-backed securities (CMBS) decreased in July for the first time since August 2008, according to RealPoint's...
Decline In CRE Sectors Shows Signs Of Deceleration
Commercial real estate activity remains weak, but the decline appears to be slowing, the National Association of Realtors (NAR) says. While NAR's forward-looking...
Fitch Downgrades JPMCC 2008-C2
Fitch Ratings has taken various actions on 17 classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2008-C2, including downgrading nine of the...
MBA Applauds TALF Extension
Michael D. Berman, vice chairman of the Mortgage Bankers Association (MBA), has issued a statement supporting the Federal Reserve Board's decision to extend...