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  • Mezz Lender Overload Drives Floating-Rate Tighter

    May 17, 2012 - Samantha Rowan

    More mezzanine lenders are targeting floating-rate loans, which has led pricing to tighten significantly in recent months.
  • Panel: Is Real Estate Still Relevant? Of Course!

    May 17, 2012

    Is real estate still relevant? Peter Palandjian, chief executive officer of Intercontinental Real Estate Corporation, led off an educational session with the rhetorical question, and responded with a quip: “Of course it is. We are the second-oldest industry in the world.”
  • SF Retirement System To Go Longer On Real Estate

    May 17, 2012

    The San Francisco Employees’ Retirement System is bullish on the prospects for the commercial real estate market over the next three years and has just approved a plan for the 2012/2013 fiscal year that will allocate as much as $400 million to non-core managers, according to sister publication Money Management Intelligence.
  • Deutsche Bank, Cantor Launch Conduit At Wide Guidance

    May 17, 2012 - Max Adams

    Deutsche Bank and Cantor Commercial Real Estate have floated price guidance for a $932 million conduit deal that’s about 10 basis points wider than the most recent completed offering.
  • JPMorgan Readies Single-Borrower Retail Deal

    May 17, 2012 - Max Adams

    JPMorgan is prepping JPMCC 2012-WLDN, an approximately $270 million single-asset securitization of a first mortgage on the Walden Galleria Mall in Cheektowaga, N.Y., near Buffalo.
  • Goldman, Citi Launch Conduit At Wider Guidance

    May 16, 2012 - Max Adams

    Goldman Sachs, Citigroup and Jefferies & Co. have floated price guidance of swaps plus 120-125—wider than recent deals--for the benchmark, AAA-rated bonds of GSMS 2012-GCJ7, a $1.6 billion commercial mortgage-backed securities deal that is also the largest conduit shopped this year.
  • Unusual Collateral Puzzles CMBS Investors

    May 15, 2012 - Max Adams

    Loans on a marina, data center and a student housing complex—non-traditional properties for commercial mortgage-backed securities deals—are part of the collateral pool in an upcoming conduit deal from Deutsche Bank and Cantor Commercial Real Estate.
  • Amherst: Premium Bonds, IOs A Good Hedge Against Loan Mods

    May 15, 2012

    Amherst Securities is advising investors to target fixed-rate, legacy commercial mortgage-backed securities with higher dollar prices and interest-only bonds as a way to safeguard against changes in yield when there are extensions on large, overleveraged loans.
  • Podcast: Fixing The Construction Industry

    May 15, 2012 - Samantha Rowan

    Barry LePatner, founder of New York law firm LePatner & Associates, talks about why the construction industry needs to change the way it works.
  • Why the Low-Income Housing Tax Credit Program is Necessary

    May 14, 2012

    A key government program that gives Americans the opportunity to live in affordable rental housing may be in for a change when tax reform takes center stage after the upcoming 2012 presidential election.
  • Market Absorbs Maiden Lane Aftershock

    May 14, 2012

    The market’s reaction to the New York Federal Reserve’s second auction of legacy collateralized debt obligations in just two weeks has been more muted than the central bank’s last CDO sale at the end of April, market players say.
  • Special Servicers Face Backlash Over Affiliate Brokerage Fees

    May 11, 2012 - Eleanor Duncan

    U.S. commercial mortgage-backed securities special servicers’ acquisitions of loan brokerages are raising concerns about possible conflicts of interest.
  • CBREI Swoops On Downtown LA Trophy

    May 11, 2012 - Eleanor Duncan

    CB Richard Ellis Investors is set to buy the Mellon Bank Center at 400 South Hope, a Class A building in downtown L.A. The 700,000-square-foot property would trade for $340 dollars per square foot, or a total of $238 million.
  • Fitch Sounds Off On Special Servicing

    May 10, 2012 - Max Adams

    Fitch Ratings will begin to incorporate certain activities into its methodology for rating servicers.
  • Deutsche Bank, Cantor Ready $950M Conduit [Updated]

    May 10, 2012 - Max Adams

    Deutsche Bank and Cantor Commercial Real Estate are prepping what is set to be the seventh commercial mortgage-backed securities conduit deal this year.
  • Deutsche Bank, Cantor Ready Conduit

    May 08, 2012 - Max Adams

    A partnership between Deutsche Bank and Cantor Commercial Real Estate is preparing a commercial mortgage-backed securities conduit deal.
  • CMBS Trading Spikes

    May 07, 2012 - Max Adams

    Trading of commercial mortgage-backed securities last week hit the highest levels since 2012 began, as investors were looking to reposition themselves in the wake of the sale of $7.5 billion of commercial real estate collateralized debt obligations by the Federal Reserve Bank of New York.
  • Originators Up Loan Outsourcing Due Diligence

    May 07, 2012 - Max Adams

    More commercial mortgage-backed securities originators are outsourcing their due diligence and underwriting of conduit loans backing CMBS deals.
  • UBS Gearing Up Conduit

    May 04, 2012 - Max Adams

    UBS is reportedly be preparing another commercial mortgage-backed securities deal, its second this year.
  • Investors Leery Of Taking The Plunge

    May 04, 2012 - Samantha Rowan

    Ronald Dickerman, president of New York-based investment manager Madison International Realty, believes many investors are afraid to act given concerns about the U.S. and global economic environment.
  • 1372 Broadway To Be Sold, Split

    May 04, 2012 - Max Adams

    Investors Lloyd Goldman and David Werner are set to sell 1372 Broadway in New York.
  • Mortgage Rates Flat As Conduits Ramp Up Pipelines

    May 04, 2012 - Samantha Rowan

    Spreads on newly originated commercial mortgages were largely flat over the month as conduit lenders continued to emerge from a long slump and the market absorbed the Federal Reserve Bank of New York’s $7.5 billion sale of securities associated with the Maiden Lane portfolios.
  • Goldman Prices Ala Moana Deal Wide Of Guidance

    May 03, 2012 - Max Adams

    Goldman Sachs has priced GSMS 2012-Aloha, a $1.4 billion commercial mortgage-backed securities deal backed by the high-end Ala Moan mall in Honolulu, wide of guidance.
  • Calif. Lender Looks To Residential Plays

    May 03, 2012 - Max Adams

    The Nikols Company, a Newport Beach, Calif.-based commercial and residential bridge lender, is financing borrowers that want to buy pools of discounted residential real estate owned assets and then rehabilitate and sell the properties, said Don Nikols, principal.
  • DebtX Expands Syndication Platform

    May 02, 2012 - Max Adams

    DebtX, a Boston-based loan sale advisory company that specializes in commercial real estate, has expanded DX Syndicate, its platform for syndicated lenders.
  • Goldman Sees Slow Start To Ala Moana Deal

    May 01, 2012 - Max Adams

    Goldman Sachs is having a harder than expected time selling $1 billion of AAA-rated bonds from GSMS 2012-ALOHA, its securitization of a mortgage on Hawaii’s Ala Moana mall.
  • Goldman-Citi Push Another Conduit

    Apr 30, 2012 - Max Adams

    Goldman Sachs and Citigroup are preparing to launch GSMS 2012-GC7, an approximately $1 billion commercial mortgage-backed securities deal, and could price the offering by early next week.
  • European Rumbles, Maiden Lane Cause CMBS Stumble

    Apr 27, 2012 - Max Adams

    Renewed concerns about Europe’s financial health and a glut of new paper in the form of the $7.5 billion Maiden Lane commercial mortgage-backed securities collateralized debt obligation spooked the new-issue market, leading to wider spreads on two conduit deals.
  • Maiden Lane III MAX CDO Goes To DB, BarCap

    Apr 26, 2012

    Deutsche Bank and Barclays Capital took down the MAX collateralized loan obligation bonds from the Federal Reserve Bank of New York’s Maiden Lane III portfolio at auction Thursday.
  • Honolulu Single Asset Securitization Draws Demand

    Apr 26, 2012 - Max Adams

    Early indicators are pointing to healthy demand for Goldman Sachs’ securitization of a $1.4 billion loan on the high-end Ala Moana mall in Honolulu.
More Articles from Investor Plays

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  • May 15, 2012 - Samantha Rowan

    Podcast: Fixing The Construction Industry

    Barry LePatner, founder of New York law firm LePatner & Associates, talks about why the construction industry needs to change the way it works.

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    May 07, 2012 - Samantha Rowan

    REFI TV: Steven Marks, Fitch Ratings

    Steven Marks, a managing director at Fitch Ratings, talks to REFI TV about the the divergence between performance of real estate investment trusts in 24-hour coastal markets, versus inland suburban markets.

  • May 04, 2012 - Samantha Rowan

    Investors Leery Of Taking The Plunge

    Ronald Dickerman, president of New York-based investment manager Madison International Realty, believes many investors are afraid to act given concerns about the U.S. and global economic environment.

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