CMBS

U.S. commercial real estate (CRE) prices as measured by Moody's/REAL Commercial Property Price Indices (CPPI) dropped 3.1% in July, which is the second straight monthly dip exceeding 3%.

Poinsett Capital Advisors appointed Andrew Reiken as chief investment officer.

Six months into his tenure as MF Global's chief executive, Jon Corzine wants the futures broker to expand geographically, and he wants it to build a beachhead in investment banking.

Sand Capital has acquired more than $100 million in distressed debt and REO properties, said Jay Stein, the firm's president. Sand Capital is a division of Sandor Development Co.

The September remittance report for the MSC 2007-HQ12 deal showed that a "noteworthy" loan modification was done on one of the larger delinquent loans in the CMBS universe, according to Bank of America Merill Lynch analysts.

Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said Wednesday that the Basel Committee on Banking Supervision's new capital plan should have been tougher.

The CRE Finance Council and a coalition of commercial real estate (CRE) groups sent a letter to Committee Chairman Chris Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.) that supported the place of covered bonds in the country's financial markets.

Although the Basel Committee on Banking Supervision provided clarity on new international capital standards this weekend, the panel left some crucial questions unanswered, including how it plans to calculate certain requirements for the most systemically risky institutions.

LRG Capital Real Estate Partners plans to launch a new fund targeting institutional investors.

Macquarie Group said it acquired 100% of the membership interests in Presidio Partners, a real estate private capital raising and advisory company based in the U.S.