Property Metrics
Ratings Issue Brings Goldman Sachs, Citigroup $1.5B CMBS Sale to an End
Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.
Prudential, Perella Weinberg JV Opens Access to $1B in CMBS
It’s a new day for Prudential, as a new joint venture with Perella Weinberg Partners will allow the financial firm to begin issuing CMBS, effective immediately.
Fitch: Special Servicing for CMBS Loans on Downswing
As of mid-March, approximately 200 loans have transferred this year, marking a dramatic descent from the 631 loans in the first quarter of 2010.
CMBS Delinquencies Hit New Peak, but Growth Rate Slows: Trepp Report
By Paul Rosta, Senior Editor CMBS delinquencies reached an all-time high of 9.34 percent last month, but that dubious distinction…
Savills Advises Fortress, Northstar on $72M Mezzanine Loan Sale on Columbia Sussex Hotel Portfolio
The portfolio was sold to The Blackstone Group for an undisclosed price.
HFF Arranges $114M for Six-Property Industrial Portfolio
The facilities are located in Georgia, Illinois, Ohio, Pennsylvania and Texas and total 4.7 million square feet.
CMBS Loans in Special Servicing to Hit 15% in 2010: Fitch Report
The value of problem CMBS loans in special servicing will hit $110 billion by the end of the year, Fitch Ratings estimates.
Economy Watch: Firing Level Low, but Hiring Level Not High
Jobs, jobs, jobs. On Tuesday, Chicago-based Challenger, Gray & Christmas Inc. said that job-cut announcements in July rose 6 percent from June. It was the third month in a row that planned firings went up. The heaviest cutters these days are public and nonprofit entities, not private employers.
Fitch Says CMBS Cumulative Defaults Up to 9.5 Percent
According to Fitch, the 133-basis-point climb from the first quarter is consistent with the firm’s expectation of an 11 percent cumulative default rate by the end of the year.