CMBS

Private label commercial real estate (CRE) securitizations may end up at $149 billion - more than double 2020’s volume of $62.2 billion.

The sponsors got the portfolio through multiple acquisitions from May through October.

The loan pool’s volatility score is high but its diversity of properties is a plus.

Benchmark will issue 21 classes of certificates, with 13 entitled to principal and interest payments. Six classes will receive interest only.

The problem loans mature right around when tenants in the offices are due to renew — or end — their leases. That may unsettle investors in commercial mortgage-backed securities, analysts at Moody’s Analytics warned this week.

Appraisals of troubled malls that were bundled into CMBS show property valuations going lower and lower. Capitalization rates are getting higher and higher.

Low pool concentrations of loans on properties located in Ida's path, plus robust property insurance are expected to rein in impacts and insulate noteholders.

The proceeds from the trust’s certificates will refinance some CMBS debt, among other balance sheet uses.

Less than two years after its much-delayed opening, the complex known as American Dream is threatening to dash the lofty ambitions of yet another developer.

Facebook is leasing two buildings that offer 542,680 square feet of prime office space in the Spring district of Bellevue, Washington, now under redevelopment.