Despite its change in venue, the CMSA was able to attract record attendance to its annual investors' conference. Some 1,400 attendees registered, up nearly 20 percent from last year's record-breaking level.
Merrill Lynch has identified eight CMBS transactions totaling $119 million that are eligible to be terminated, or cleaned up. The investment bank's CMBS research unit has found another 13 transactions, totaling $872.3 million, that are close to their clean-up triggers.
LNR Property Co. has acquired the B-pieces of 15 CMBS transactions totaling $34.8 billion this year. CWCapital, which got into the market only two years ago, bought into 12 deals totaling $28.6 billion. The two firms bought the B-pieces of ...
Commercial Real Estate Direct Staff ReportAmerican Capital Strategies Ltd. said it paid $81 million for bonds with a face value of $136 million from JPMorgan Chase Commercial Mortgage Securities Corp., 2005-LDP5.The investment marks the first for the Bethesda, Md., company, ...
Domestic CMBS issuance hit $167.6 billion this year. That's up nearly 80 percent from last year's record-breaking $93.8 billion of issuance.
The research firm has been hired to provide ongoing surveillance of a recently issued re-remic that involves bonds from 55 CMBS transactions. The move allows Morgan Stanley to assure investors that the deal would continually be monitored.
Moody's Investors Service has downgraded three classes of Entertainment Properties Trust, 2003-EPR, because of uncertainty that Southeastern theaters that serve as collateral would rebound in performance to levels before Hurricane Katrina. The deal has a remaining balance of $142.81 million, ...
Fitch Ratings upgraded the $3.7 million class B of the Wisconsin Avenue Securities, 1997-M8, to BBB from BBB- after significant improvements to subordination levels.The deal has a remaining balance of $28.9 million, down 85 percent from $196.2 million at issuance. ...
Standard & Poor's has upgraded the $25.8 million class B of Bear Stearns Commercial Mortgage Securities Trust, 2002-TOP8, to AA+ from AA because of improved subordination levels. The deal has a remaining balance of $807.5 million, down more than 4 ...
Commercial Real Estate Direct Staff ReportMany of the CMBS transactions that are expected to price by year-end were launched this week.According to the Commercial Real Estate Direct's CMBS Pipeline, five conduits, two floaters, a small-balance deal and single-borrower transaction were ...
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