CMBS

JPMorgan Chase has packaged a highly concentrated portfolio of five office, hotel and retail property mortgages totaling $337 million.

A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Florida.

Citigroup and Goldman Sachs are marketing nearly $2 billion of bonds backed by commercial mortgages used to facilitate Blackstone Real Estate Partners VIII’s acquisition of BioMed Realty Trust.

Issuance of bonds backed by aircraft leases is booming as airlines turn to lessors to fill gaps in their fast-expanding fleets in response to falling energy prices and rising passenger traffic. They are increasingly booking the older, less fuel-efficient airplanes in lessor’s fleets, which can now be operated profitably.

Wells Fargo is securitizing $712 million in commercial mortgages with heavy exposure to offices and self-storage facilities. The collateral is also less heavily concentrated compared to other CMBS deals covered by Fitch Ratings.

Total commercial and multifamily mortgage debt outstanding increased in the fourth quarter of 2015, according to the Mortgage Bankers Association.

Sports Authority’s plans to close 140 stores impact 25 loans backing commercial mortgage bonds, though only six are at elevated risk of default, according to Morningstar Credit Ratings.

Goldman Sachs is securitizing a $1 billion in commercial mortgage refinancing a logistics company’s network of temperature-controlled warehouse and distribution facilities nationwide.

Prices of office buildings and industrial properties are falling for the first time since the financial crisis, according to Moody’s Investors Service.