Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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CW Capital plans to file Friday a motion to dismiss a case brought by David Tepper’s Appaloosa Management that aims to hold up the foreclosure of $3 billion of debt used to acquire Peter Cooper Village/Stuyvesant Town in New York.
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The Federal Deposit Insurance Corp. today priced its second securitization of seized bank assets.
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International law firm Linklaters is moving into the Netherlands structured finance market, appointing Kees Westermann, partner at Clifford Chance, to its Amsterdam office.
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The European Central Bank’s plan to introduce loan level data reporting for primary issuance will not address the cause of Europe’s credit market collapse, according to a treasury official at a large U.K. bank.
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Deutsche Bank has hired Mark Landau to head commercial real estate banking for the Americas.
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The round of CMBS restructurings continued this week with a 3.5 year extension to the Cannon Bridge loan in Hercules (Eclipse 2006-4). The £155m loan forms 19.4% of the Hercules portfolio and is due to mature in July 2011. The London office property backing the loan was hit when Standard Bank, which provided 25.3% of the rent roll, vacated its lease.
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Advisors Asset Management is setting up an institutional platform in its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds.
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The demands facing banks investing in structured finance products under the European Commission’s revised Capital Requirements Directive remain unclear, according to Rachel Kelly, partner at Clifford Chance.
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Carlos Mendez, global head of capital markets, and Robert Roberto, head of U.S. sales and trading, have left ICP Capital.