CMBS

Commercial real estate services company Grubb & Ellis has hired JMP Securities as an advisor to explore strategic alternatives for the company, including a sale or merger.

Kondaur Capital Corp., which a month ago slashed its loan workout staff by almost 40%, on Tuesday announced that it hired Mark Ferrara as managing director of its newly formed community banking group.

The speed and volume of loans in U.S. CMBS being transferred into special servicing has begun to subside in recent months, according to Fitch Ratings.

The Japanese crisis had the most impact on CMBS secondary market activity versus all other securitization sectors tracked by capital markets data provider Epirasign Strategies.

Trepp acquired Investcap Advisors, a privately held, Massachusetts-based firm. Investcap offers Web-based applications for U.S. CMBS loan and property surveillance.

Goldman Sachs is in the market with GS Mortgage Securities Trust, Series 2011-GC3. The more than $1.4 billion deal is backed by 57 fixed-rate loans secured by 111 commercial properties.

NewOak Capital appointed David Eyzenberg as managing director and head of the commercial real estate division, where he will direct the firm’s principal activities in that sector.

A deal backed by multiple assets and ownership interests in 37 multi-use communication tower sites called Richland Towers, LLC Secured Multi-Use Communication Tower Revenue Notes, Series 2011-1 is in the market.

New rules from Mexico’s banking regulator are an auspicious move for future securitizations from this sector, according to Maria Muller, senior vice president at Moody’s Investors Service.

Wyndham Worldwide Corp. is in the market with Sierra Timeshare 2011-1 Receivables Funding (Sierra Timeshare 2011-1), a $250 million transaction.