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HUD is close to soliciting due diligence contractors for a proposed $1 billion mortgage offering. The agency has already hired marketing advisers, so an offering could become reality early this summer.

Oil and gas firm Fina Inc. is moving out of its new digs near Dallas to join its new parent in Houston. The firm is asking $50 million for a 25-acre property with brand-new buildings.

GMAC Commercial is pushing its way onto the Internet. It is launching MortgageRamp.com, which it hopes will be able to close mortgages in as little as two weeks.

Merin Hunter Codman of Florida is close to completing a building geared toward high-tech firms. And because of the strong demand, it is planning a second similar building.

A portfolio of eight self-storage centers that are owned by a Chicago partnership is being marketed for more than $40 million. Competition for the centers is said to be high in a market starved for self-storage product.

Deutsche Bank has closed its field offices in San Francisco and Chicago and let go a handful of executives, while hiring others. The actions are said to be an attempt by Larry Brown, president of the bank's conduit unit, to...

An underwriting syndicate has chosen to scuttle a $1.4 billion CMBS transaction as a result of comments that appeared in an industry newsletter.

The decision by the underwriters of a $1.4 billion commercial mortgage-backed securities deal to "terminate" the transaction appears to have been motivated solely by comments that an executive made to an industry newsletter.

Chuck Rosenzweig and Perry Gershon have left CDC Mortgage Capital, the unit of a French bank that last year made a splash in the commercial mortgage business by hiring a group of high-powered executives from Capital America.

The two firms are ironing out the details of what will be a $920 million conduit deal that will launch mid-April. There's word that the deal's sizable share of multifamily loans could prompt a federal agency to buy some of...