February 6, 2003 Secondary trading remained active today as bid lists ranged from $600 million to $650 million.The majority of the lists involved triple-A and triple-B bonds.Spreads for 10-year, triple-A bonds in the secondary market have tightened to 41.5 to ...
January 16, 2003 Commercial Real Estate Direct Staff ReportLNR Property Corp. paid $96.8 million, or 56 percent of face value, for below-investment-grade fixed-rate CMBS during the three months that ended Nov. 30.The Miami company, the most active player in the ...
January 15, 2003 A total of $1.1 billion of mortgages that have been securitized will be affected by Kmart Corp.'s latest store closings.According to analysis by Realpoint, the closures affect properties backing 79 mortgages in 59 CMBS transactions.Kmart generally occupies ...
January 7, 2003Arbor Commercial Mortgage, a Boston lender that specializes in providing multifamily mortgages through a host of agency programs, has been placed on Standard & Poor's select commercial mortgage special servicer list.The lender has also been named a select ...
December 3, 2002 Anthracite Capital Inc. (NYSE:AHR) has floated a $303.6 million collateralized debt obligation that can grow by another $50 million. The New York mortgage REIT structured the CDO in order to place long-term financing on its recent acquisitions ...
November 27, 2002 Deutsche Bank has placed on administrative leave two CMBS traders who specialized in secondary market trades. A spokesman confirmed to Dow Jones that the two traders, Jake Markman and Paul Mashikian, were placed on leave while the ...
Coverage against chemical and biological attacks could possibly be covered in some cases as part of the newly minted mandate for terrorism coverage, two prominent industry executives say. The bill was passed during an active lame-duck session of Congress.
The political fight over a federal backstop for terrorism insurance on commercial properties may be over, but the issues for owners, bondholders, servicers and the insurers themselves are numerous and complex.
President Bush is expected to sign the bill within days, but how long it will take for the market to react is anyone's guess.
Two other floaters and the GE Capital conduit are due to price this week, as the final flurry of new issuance for 2002 is well under way.
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© 2023 Commercial Real Estate Direct All rights reserved..