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CMBS

Latest news

Latest news

Deutsche Bank predicts $155bn of private sector CMBS
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Single asset, single borrower deals drove the US CMBS market in 2025, particularly on New York City collateral as office attendance rose. With interest rates predicted to fall further in 2026, market participants are looking forward to a greater variety of deals on commercial real estate from other cities and sectors, writes Pooja Sarkar

More articles

  • The European CMBS market has defied its ineligibility for the European Securities and Markets Authority's (ESMA) new ‘simple, transparent and standardised’ (STS) securitization framework intended to boost confidence in the market. The asset class that appeared dead and buried after the financial crisis has outpaced other asset classes in recent times. But the resurgence did not stop one deal this week from suffering heavy investor scrutiny, writes Tom Brown.
  • European commercial mortgage-backed securities (CMBS) have enjoyed a revival of late, despite the battering they took during the crisis years. Although regulators excluded the asset class from the Simple, Transparent and Standardised (STS) framework, it has shown that a select band of specialist investors is enough to get by in post-crisis securitization markets.
  • Morgan Stanley is bringing a £235.1m CMBS to market, securitizing a single loan financing the acquisition of a portfolio of UK warehouse properties by Blackstone.
  • HSBC is out with an Irish commercial mortgage securitization, Pembroke Property Finance, backed by loans sold by Finance Ireland Credit Solutions.
  • Bank of America Merrill Lynch is bringing a €300m Italian CMBS, with TPG Sixth Street Partners as sponsor. The deal comprises four loans backed by 648 mixed-use assets located throughout Italy originated by Zodiac Holdings and Nucleus Investments.
  • Blackstone is suing Urbano Cairo, chairman and controlling shareholder of Italian publisher RCS Mediagroup, citing loss of opportunity for Blackstone and its investors to sell a property acquired from RCS in 2013.
  • A consortium of banks is preparing to issue a $1.15bn single borrower CMBS deal backed by a portfolio of showroom properties owned by Blackstone.
  • Blackstone has mandated Deutsche Bank for a €342.92m CMBS, securitizing loans on three retail and factory outlets in Northern Italy.
  • A legal battle between US private equity firm Blackstone and Italian media group RCS over an Italian CMBS will be settled in Milan, the New York state Supreme Court decided on Wednesday.