CMBS

The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.

Moody’s Investors Service said in a report today that the AvalonBay and Equity Residential’s acquisition of Archstone Enterprise’s multifamily portfolio poses integration risk and will cause immediate deterioration in leverage metrics for both companies.

Craig Eastmond has been appointed managing director of capital markets at United Realty Capital, the company announced today.

JPMorgan Chase is in the market with a CMBS deal called Commercial Mortgage Securities Trust 2012-PHH.

CMBS loans are likely to increasingly feature in Collateralized Loan Obligations.

Another CMBS transaction is in the works called COMM 2012-CCRE5, according to an SEC filing today.

Standard & Poor's estimates that CMBS issuance in the U.S. will hit $45 billion dollars in 2013.

Centerline Capital Group said on Monday that it closed its first non-multifamily financing.

Retailers that are major CMBS tenants have posted mixed results.Online retailing continues to accelerate and it’s causing a shift in the business models of retailers and by extension; it’s also causing a shift in the business models of landlords that provide space to retailers.