Commercial Real Estate Direct Staff Report JPMorgan Securities has launched a $505 million CMBS transaction backed by four floating-rate loans, the first such deal of the year. The four loans backing the transaction, JPMorgan Chase Commercial Mortgage Securities Trust, 2013-FL3, ...
Commercial Real Estate Direct Staff Report A flurry of five conduit transactions hit the market this week, with most set to price in the coming days. And spreads have widened in anticipation of the supply. Up first is UBS-Barclays Commercial ...
Cerberus Capital Management is eyeing investments in CMBS B-pieces, according to a report in the Wall Street Journal. The investment manager, which has tapped the CMBS market to finance some of its acquisitions, has yet to invest in subordinate bonds. ...
Commercial Real Estate Direct Staff Report LNR Partners has filed to foreclose against $133 million of debt on 42 apartment properties with 1,646 units in New York City. The portfolio's owner, a venture led by Vantage Properties defaulted on the ...
Commercial Real Estate Direct Staff Report Torchlight Investors has acquired the $27.8 million nonperforming loan against perhaps the most prominent office building in downtown Louisville, Ky., the 332,129-square-foot Meidinger Tower at 462 South Fourth St. The New York investment manager ...
Commercial Real Estate Direct Staff Report Kroll Bond Ratings is beefing up its CMBS ratings capabilities as it continues to increase its share of the market. The rating agency recently hired four surveillance analysts from Morningstar Credit Ratings and is ...
Commercial Real Estate Direct Staff Report The $59 million, or $65/sf, sale of Continental Tower in Rolling Meadows, Ill., is likely to have a substantial impact on the CMBS deal that held its mortgage, according to analysis by Barclays Capital. ...
Commercial Real Estate Direct Staff Report A $73.6 million CMBS loan against a 376,774-square-foot retail center on Long Island, N.Y., was unexpectedly transferred to special servicing last week when its owner sought to modify the loan's terms. The loan, securitized ...
The shortfalls that hit the super-senior class of Morgan Stanley Capital I Inc., 2007-HQ13, are not expected to be replicated by many, if any, other CMBS deals. For that to happen, a deal would have to have a large percentage ...
Commercial Real Estate Direct Staff Report A $190 million CMBS loan against a portfolio of industrial buildings in California, Ohio and Tennessee has transferred to special servicing after its borrower said it would no longer keep the loan current. The ...
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.
