Property Metrics
Paying Off
(CMBS delinquencies by property type; $ in billions)
RW Kline Breakup Creates CMBS Shop for Cushman & Wakefield
RW Kline Cos., of Scottsdale, Ariz., has been sold and split into three pieces, and one of those parts will find a new home at Cushman & Wakefield Inc. as North America’s largest CMBS debt restructuring practice.
Principal, Macquarie Team Up to Tackle CMBS Market
In a combination of Midwest and Down Under, U.S.-based Principal Real Estate Investors, the real estate arm of Principal Global Investors, and Macquarie Group, out of Sydney, Australia, are creating Principal Commercial Capital, which will focus on originating and securitizing commercial mortgages in the CMBS market.
Morgan Stanley Mortgage Capital Supplies $700M CMBS Loan
The CMBS loan financed the acquisition of a leasehold position in the iconic 42-story Mobil Building in Manhattan.
Walker & Dunlop Structures Financing for 1,032-Unit M-F Portfolio
Walker & Dunlop has structured a financing package for Key Real Estate Co.’s acquisition of a 1,032-unit apartment portfolio in Texas and Louisiana.
Thor Refinances (Again) the Palmer House Hilton in Chicago
Thor Equities has completed a $420 million refinance deal for the historic Palmer House Hilton hotel in downtown Chicago.
New York City Spotlight: Top Contenders
(top 10 commercial sales for first six months of 2014)
Drastic Drop
(CMBS delinquencies by property type; $ in billions)
Fitch Reports Early Refinances Up for U.S. CMBS 2.0
The CMBS market is robust, according to the latest report from Fitch Ratings, which notes it continues to see strong take-out activity in CMBS 2.0 collateral.