Finance (Research Center)
Fitch Sees Room for Improvement in U.S. CMBS Market
By Keith Loria, Contributing Editor: While there are many favorable aspects to the general health of the U.S. CMBS sector, some areas could bear improvement, according to Fitch Ratings.
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.
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.
Economy Watch: Mortgage Delinquencies, Seniors Housing Confidence, Initial Unemployment Claims
The delinquency rate for mortgage loans on one- to four-unit U.S. residential properties decreased and builder confidence in the single-family 55-and-up housing market rose at the end of the second quarter. Initial unemployment claims decreased last week.