CRE

Changes to the tax code approved by Congress may set the stage for increased privatization of real estate investment trusts, according to a new report from Fitch Ratings.

Bill de Blasio's plan to create apartments for New York's poor and middle class has come under fire from community leaders who say that what developers and the mayor call "affordable" remains out of reach for those in need.

The price of the loans underlying commercial mortgage-backed securities increased modestly from October to November, according to DebtX.

Vestin Realty Mortgage I Inc. in Las Vegas said it will seek to remove its common stock from trading on Nasdaq.

Analysts at Kroll Bond Rating Agency predict issuance in bonds backed by commercial mortgages could hit $125 billion next year, even with borrowing costs rising as interest rates go up.

The commercial mortgage-backed securities delinquency rate improved from October to November, according to Fitch Ratings.

Total commercial and multifamily mortgage debt outstanding increased in the third quarter, in a quarterly comparison, according to the Mortgage Bankers Association.

When news broke in October that New York's Stuyvesant Town was being sold, observers expected the $3 billion loan on the property to be paid off without a glitch.

The commercial mortgage-backed securities delinquency rate improved by double-digit basis points in November, fulfilling Trepp's forecast for a large monthly improvement.

Morgan Stanley is readying a deal backed by 57 commercial mortgages.