CMBS

Albert Sohn, previously head of securitized products at Credit Suisse, will move into alternative investments in asset management at the bank. In his new position, Sohn will manage structured credit and residential real estate assets, according to an internal memo obtained by ASR.

Macy’s announced Wednesday night that it will be closing some of its stores while opening and replacing stores.

The American Securitization Forum (ASF) announced today that John Walsh, acting comptroller of the currency, will give a keynote speech at ASF 2012.

CBL & Associates Properties closed four separate loans totaling $383 million last month.

CMBS data provider Trepp released its December 2011 U.S. CMBS Delinquency Report today.

The National Association of Insurance Commissioners (NAIC) has released the list of CMBS and RMBS bonds held by insurance companies as well as their price breakpoints. This move will help insurers determine the NAIC designations and risk-based capital requirements for their CMBS/RMBS positions for 2012.

Commercial mortgages had a mixed year in the securitized secondary markets during 2011. The outlook for 2012 is that the sector still faces some hurdles but may hold some opportunities.

Another big year for multifamily construction could push housing starts up 13% in 2012 after posting a 4% increase last year, according to a new forecast from Wells Fargo Securities.

The fight over a capital surcharge for the largest banks took center stage in 2011, at least in the international Basel III process, as the chief executives of some major banks publicly clashed with regulators over the issue.