Latest news
Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
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Clifden IOM’s claims to have appointed administrators to Fairhold Securitisation Limited, a CMBS issuer, were “fanciful” and “incredible” a court heard on Wednesday. -
Kroll Bond Rating Agency this week highlighted the growing exposure CMBS investors have to WeWork, the coworking space company the business model of which has been criticised by some investors for being front loaded with short-term risk.
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Primary euro ABS slowed to a trickle in August as investors take their summer holidays but Bank of America Merrill Lynch surprised the market on Tuesday with a CMBS exit for a sterling loan it originated in April.
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CMBS bondholders and commercial real estate lenders are exhaling with relief following news that Brookfield Asset Management closed a lease on 666 Fifth Avenue, which is currently owned by Kushner Companies. Brookfield will pay upfront for the lease, helping Kushner Companies pay off more than $1bn in CMBS debt that helped finance the building’s acquisition in 2007.
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Commercial brokerage firm Cushman & Wakefield closed an initial public offering on Thursday, becoming the latest real estate firm to go public this year as many mull how to make the best of a market that is still delivering substantial returns, but showing a few signs of wobbling.
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The Federal Housing Finance Authority (FHFA), which regulates and oversees Fannie Mae and Freddie Mac, has seen better summers.
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US real estate, especially in 'gateway' markets such as New York and San Francisco, has proved a safe harbour for global investors looking to park their money but the long-standing trend may be reversing.
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Seven private label CMBS deals worth about $3.7bn were priced last week, including two conduit deals and five single borrower transactions. Total private CMBS issuance year to date has hit $57bn, up from $43bn at this time last year, according to Bank of America Merrill Lynch data.
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The European Parliament has proposed an amendment to the new Capital Requirements Regulation protecting banks from the consequences of “massive disposals” of non-performing loans.
