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CMBS

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  • Noteholders of J Sainsbury’s sponsored and credit-linked deals are frustrated with the supermarket chain’s voluntarily cancelation of its corporate credit rating.
  • A Credit Suisse asset-backed securities researcher, Larry Yang, has left the firm.
  • Bids for the sale of eight London properties backing the £1.5 billion ($2.24 billion) White Tower 2006-3 commercial mortgage-backed securities were submitted to the special servicer today.
  • The size of Europe’s private placement securitization market in the first four months of 2010 is about the same as its public primary market, according to a Barclays Capital researcher.
  • CB Real Estate Finance is preparing a £10 million ($14.7 million) mezzanine loan backed by a hotel development in London for one of its clients, according to an official.
  • Europe’s sovereign debt crisis is crimping activity in the region’s already low-flow securitization markets, market officials said.
  • The future of Broadgate Financing, a £2bn London office CMBS, was in doubt after the property firm announced it was in negotiations with UBS to build the firm’s new London headquarters.
  • Broadgate Financing, a £2.08 billion ($3.14 billion) commercial mortgage securitization of London office properties, is evaluating its position after the deal’s sponsors said they will develop two new properties on the Broadgate Estate.
  • Denver-based NRF Capital Markets, the new broker-dealer unit of New York-based NorthStar Realty Finance, is gearing up a platform that will source senior mortgages and purchase debt-related securities.