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  • Irvine, Calif.-based commercial real estate investment bank and loan servicer Johnson Capital and Denver-based workout specialist Miller Frishman Group are teaming up to create a special servicing unit to deal with distressed commercial real estate loans.
  • Anglo Irish Bank has rolled out a €3 billion ($4.2 billion) commercial mortgage-backed securitization.
  • The Commercial Mortgage Securities Association today lobbied policymakers to suspend or amend the use of fair value accounting when valuing commercial real estate assets.
  • Jones Lang LaSalle is setting up an advisory group in London to help U.K. investment banks and High Street lenders sort out their exposures to commercial real estate debt.
  • London-based investment firm Duet Group is targeting European commercial mortgage-backed securitizations as part of the strategy for its new Duet European Debt Fund.
  • John Uhlein, chief of U.S. structured finance at Ambac, is leaving the company.
  • New York-based advisory firm Alvarez & Marsal has been hired to handle the sale of commercial real estate assets from Lehman Brothers, which filed for Chapter 11 bankruptcy protection last week.
  • Spreads on commercial mortgage-backed securities, which hit record levels last week, tightened rapidly on Friday morning.
  • A £153 million ($280 million) securitization backed by rent paid by HBOS has been downgraded due to a drop in the credit rating of the institution.