April 17, 2001ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) is back in businesss.The once-dominant player in the subordinate CMBS market today completed its reorganization and emerged from bankruptcy.The company now owns a fraction of the CMBS it owned when it ...
Members of four trade groups and other CMBS professionals met this week with FASB board and staff members in a cordial and information-packed session on the new FASB 140 standards.
April 11, 2001By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterMorgan Stanley Dean Witter Mortgage Capital is out with the $279.8 million securitization of two "super-regional" malls in Virginia and Illinois totaling 3.3 million square feet.The transaction consists of ...
CSFB is said to have worked out any potential problems arising from the FASB rules with its B-piece buyer prior to rules that took effect Monday. It will be the first conduit brought to market under the guidelines.
The investment bank continues to garner co-manager assignments, easily topping all other banks during the quarter. Goldman and Wells Fargo tied for second place and Merrill Lynch and McDonald Investments tied for third.
The Real Estate Roundtable, one of four groups seeking postponement and clarification of accounting guidelines affecting CMBS, asked the Financial Accounting Standards Board yesterday to delay implementation. But the rules go into effect Monday.
March 29, 2001Commercial Real Estate DirectThe following is the complete text of a letter dated today and sent by Jeffrey D. DeBoer, president and chief operating officer of the Real Estate Roundtable, to Timothy Lucas, a director at the Financial ...
March 22, 2001Editor's Note: The following is the full text of a letter sent on Tuesday, March 20, by the Bond Market Association, the Commercial Mortgage Securities Association, the Mortgage Bankers Association of America and the Real Estate Roundtable to ...
A letter sent Tuesday from four trade associations to the Financial Accounting Standards Board asks for clarification and revision of new rules regarding special purpose entities and the means of accounting for sales and transactions.
March 20, 2001 Commercial Real Estate DirectMorgan Stanley Dean Witter and Goldman Sachs will be co-bookrunners on a mammoth single-borrower CMBS transaction for TrizecHahn Corp. (NYSE:TZH) set for April.The $1.4 billion deal, which involves about 20 office properties valued at ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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