CMBS

Eversheds has appointed structured finance and derivatives lawyer Kingsley Ong as partner in its Hong Kong banking and finance team.

Real estate services and investment firm Grubb & Ellis Co. has predicted a slow recovery in the leasing market for all property types in the coming year.

Though the Basel II process to write new international capital standards lingered for nearly a decade, its successor has come a remarkably long way in just the past year.

Recent attacks on securitization have centered on its legal soundness.

Bank of America Merrill Lynch is looking to build on AEGON USA Realty Advisors commercial real estate lending expertise to source new lending opportunities for its securitization program.

RBS Securities, the investment banking and brokerage unit of Royal Bank of Scotland, is looking to add trading and sales professionals and strategists specializing in Latin American markets, according to senior fixed-income officials.

Faced with the prospect of refinancing nearly $1.4 trillion of U.S. commercial real estate debt in the next four years, real estate investors remain skeptical, despite the halting recovery of capital markets in recent months, whether CMBS can restart with sufficient volume to finance the recovery of the commercial property markets.

New capital requirements under the Basel III framework would have cost banks roughly $770 billion had they been fully implemented at the end of last year, according to a 32-page study released Thursday by the Basel Committee on Banking Supervision.

Banca Monte dei Paschi di Siena should be pricing its sale-and-leaseback CMBS deal next week, according to a Reuters report.

Despite coming to market at what has traditionally been a quieter time of the year, the recent spate of government-backed securitizations to hit the market have found a healthy buyside appetite.