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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The $11 billion Los Angeles Fire & Police Pension System is planning to hire McKay Shields, Western Asset Management Co. and Loomis, Sayles & Co. to run its opportunistic debt portfolio.
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Europe suffered its first CMBS liquidation of the financial crisis this week, leaving senior noteholders in the deal, Epic (Industrious), facing a hefty principal loss and subordinated investors wiped out.
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Broker-dealer Braver Stern Securities has made a handful of sales and trading hires.
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Two Congressmen are asking the Federal Reserve and the Treasury Department to consider a one-year extension of the Term Asset-Backed Securities Loan Facility.
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Bankruptcy protection extended in France to the €1.5 billion ($2.16 billion) Windermere XII commercial mortgage-backed security that gives borrowers more control could scare off investors from the country’s securitization market.
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As the first round of securitizations under the Term Asset-Backed Securities Lending Facility appears to be helping to reinvigorate the moribund commercial mortgage-backed securities market, there are concerns that the wide layoffs at the banks that were the key players has left a serious gap in the industry's lending infrastructure.
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A number of commercial real estate trade and lobbying groups are at work on a series of proposals that aim modify and extend the Term Asset-Backed Securities Loan Facility and the Public-Private Investment Partnership.
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Barclays Capital researcher Kale Brown has switched to trading commercial mortgage-backed securities in London, replacing Ian Willis, who has left the firm.
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Standard & Poor’s has reversed dramatic downgrades of three US CMBS transactions less than a week after they were cut from AAA to as low as BBB-. Analysts have criticised the rating agency for confusing the market.