CMBS

Philips Electronics N.V., the Netherlands-based electronics giant, priced a $432 million credit tenant lease Friday, according to a source familiar with the transaction.

The volume of CMBS conduit loans that were liquidated in February fell significantly, dropping 43% from January's reading, according to CMBS data provider Trepp.

The 9.37% CMBS delinquency rate in February was lower both sequentially and compared to year-ago monthly figures by Trepp's measure.

The CMBS market appears to be looking up performance-wise, but there may be less of it in terms of outstandings, and despite stronger originations, according to a new report from Moody's Investors Service.

Investors will get a shot at picking up U.K. subprime paper via the new securitization of assets that were originated by GMAC Residential Funding Co.

As reported yesterday by ASR in this article, Morgan Stanley and Bank of America are teaming up to issue a CMBS conduit. For the Securities and Exchange Commission filing related to the deal, please click here.

The second conduit deal for this year, the $1 billion COMM 2012-LC4 from Deutsche Bank, priced tight to initial guidance amid signs of strong demand.

Henderson Global Investors has hired John Feeney as head of real estate debt in its secured credit team.

February closed with more of the same impressive spread tightening that CMBS experienced over the past month, according to a Trepp report.

Arbor Realty Trust appointed William Green to its board of directors as an independent member effective immediately.