Fed, Treasury Announce TALF Extension
The Federal Reserve Board and the Treasury Department have approved an extension of the Term Asset-Backed Securities Loan Facility (TALF) beyond its original...
Commercial Brokerage Firms Adopt Online Auction
Brokerage firms CB Richard Ellis, Cushman & Wakefield, Voit Commercial Brokerage and Collins Commercial have selected AuctionPoint.com, a new online auction platform, to...
Brooklyn Tower Defaults With $40M UPB
Forte Condos, a high-rise tower in Brooklyn, has gone into default, landing the property back into the lap of Germany-based Eurohypo. According to...
Fitch Downgrades JPMorgan Chase’s 2006-CIBC15 Series
Fitch Ratings has downgraded, removed from Rating Watch Negative, and assigned Rating Outlooks to 14 classes of commercial mortgage pass-through certificates from J.P.Morgan...
NorthMarq To Acquire Opus Property Services
arq Real Estate's bid to acquire Opus Property Services LLC was selected from a field of eight national real estate companies, and the two...
S&P Lowers Ratings On Chase CMBS Offerings
http://www.standardandpoors.com] Standard & Poor's (S&P) Ratings Services has lowered its ratings on 19 classes of commercial mortgage-backed securities (CMBS) from JPMorgan Chase Commercial...
CB Richard Ellis Group Subsidiary Receives Special Servicer Designation
http://www.cbre.com]CB Richard Ellis Group Inc. subsidiary CBRE Loan Services Inc. has been added to Standard & Poor's (S&P) Ratings Services' Select Servicer List as...
Fitch: Large Hotels Lead Loans Of Concern For U.S. CMBS
newly defaulted loans greater than $100 million have entered special servicing, according to Fitch Ratings. Recent defaults include two hotel portfolios: Red Roof Inn...
Lawmakers Ask Geithner And Bernanke For TALF Extension
one members of Congress have co-signed a letter to Treasury Secretary Tim Geithner and Federal Reserve Chair Ben Bernanke urging them to extend the...
Seniors-Housing Lender Praises HUD Funding Program For Hospitals
deral Housing Administration's (FHA) decision to extend a popular refinance program to borrowers who qualify under the U.S. Department of Housing and Urban Development's...
Fitch: Specially Serviced CMBS May Reach $100B By Year-End
lose to $50 billion in U.S. commercial mortgage-backed securities (CMBS) now in special servicing, that number may approach $100 billion by year-end, representing approximately...
Arbor Realty Trust Restructures Financing Facilities
state investment trust Arbor Realty Trust Inc. says it has completed a restructuring of its financing facilities, totaling $374 million, with Wachovia Bank for...
Another TALF Taker?
o Realty Trust, a real estate investment trust, is considering a bond sale that analysts estimate would raise up to $600 million. The proposed...
Fitch: Roll Rates Warrant Closer Look Into CMBS Market
ates from June to July on delinquent loans moving from 30 days to 60 days in Fitch-rated transactions were 54%, marking the 10th straight...
Realpoint: Delinquent UPB For CMBS Jumped 585% Year-Over-Year
e, the delinquent unpaid balance (UPB) for commercial mortgage-backed securities (CMBS) increased by $9.87 billion, up to a trailing 12-month high of $28.65 billion,...
New Firm To Acquire Distressed Retail Properties
l commercial real estate industry veterans have announced the formation of LBG Realty Advisors LLC, a privately held, vertically integrated real estate company that...
DebtX To Sell CRE Loans On FDIC’s Behalf
alf of the Federal Deposit Insurance Corp. (FDIC), DebtX is selling more than $1 billion in performing and nonperforming bank loan participations. The sale...
Fitch Affirms DB Mortgage Services’ CMBS Servicer Ratings
Ratings has affirmed DB Mortgage Services LLC's (DBMS) primary and special servicer ratings at CPS2- and CSS3, respectively. The primary servicer rating is based...
CoStar Group Buys Property And Portfolio Research
Group Inc., a provider of information and marketing services to the commercial real estate industry, has acquired Boston-based Property and Portfolio Research (PPR),...
Mall Owner Tests TALF Waters
pers Diversified Realty, a Beachwood, Ohio-based owner and manager of malls throughout the nation, will test the waters of the government's Term Asset-Backed Securities...