CMBS

Dechert hired Laura Swihart as a partner in the finance and real estate practice and will be based in the firm’s New York office. Swihart was most recently a partner at Winton & Strawn.

The Federal Deposit Insurance Corp. (FDIC) is in the market again with resecuritizations of residential and commercial real estate debt.

GAGFAH S.A., sponsor of several German multifamily loans securitized in European CMBS, intends to buy back as much as €125 million ($167.5 million) in shares.

The second-largest CMBS loan called Beacon Capital Partners Seattle & D.C. portfolio, was modified, according to a Standard & Poor's report.

State Street will be selling investments worth roughly $11 billion while taking a $350 million loss on the securities.

There have been some relative improvements seen in cCMBS delinquencies recently but also some continuing concerns, suggesting that market—while improving in some respects — still could have some hurdles to clear before it bottoms out.

SL Green Realty Corp. and Gramercy Capital Corp. agreed that SL Green will purchase investments from Gramercy for a $390.8 million aggregate price, including the assumption of $265.6 million in debt.

Wells Fargo Bank has filed an S-3 with the Securities and Exchange Commission to issue under its Wells Fargo Mortgage Securities Trust.

A restructuring proposal for the REC Plantation 5 Plc CMBS deal was released last week.

The Bank of England (BofE) published detailed data and other requirements for securitizations to remain eligible under its discount window.