CMBS

Lea Overby was formerly managing director, research; she replaces Charles Citro, who left the credit rating agency to pursue other opportunities.

The REIT obtained a $2.3 billion loan on the 50-story office and retail property from four banks; a $1.3 billion portion serves as collateral for BXP Trust 2017-GM.

Freddie Mac has priced its first credit-risk transfer securities backed in part by tax-exempt loans used to finance affordable multifamily rental properties.

The $500 million commercial mortgage that serves as collateral was underwritten by Deutsche Bank and Citigroup; it allowed the building's owner, Alexander's, to cash out $187 million of equity.

JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York's One Wall Street.

Insurance companies surveyed by CREFC and Trepp continued to boost their allocations to commercial real estate in 2016, albeit at a slower rate than in 201.

Late payments on securitized commercial mortgages fell in May, bucking the trend of the past year. But all of the improvement came from office buildings.

A real estate investment fund controlled by the Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of life science, laboratory and medical properties.

The loan comes due next month for a marquee office building in Stamford, Conn., but recent developments raise questions about the payoff of the debt.

Two Harbors Investment Corp. is spinning out its commercial real estate lending business to a newly created real estate investment trust, Granite Point Mortgage Trust Inc.

EagleBank has been approved as the 13th Ginnie Mae multifamily mortgage-backed securities issuer

The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.

Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.

The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.

The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.

Velocity Commercial Capital is launching a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency.

Late payments on loans securing commercial mortgage-backed securities rose in April as borrowers failed to make balloon payments on maturing loans.

Agency mortgage-backed securities issuance increased in 2016, rising to $1.6 trillion from $1.3 trillion, while nonagency mortgage securitization issuance decreased.

Late payments on securitized commercial mortgages rose again in March, led by industrial and retail property loans.

Wells Fargo's next offering of commercial mortgage bonds is unusually concentrated in a relatively small number of large loans, though many are high-quality properties located in strong markets.