Defeasance activity for US CMBS remained strong last quarter, though changing interest rates or liquidity could derail this two-year trend, Fitch Ratings said in a new report.
The American sporting goods chain joins the growing list of retailers with heavy CMBS exposure who are facing layoffs and store closings
Blackstone has sourced €341 million of finance from two European banks to fund its acquisition of the logistics portfolio of Austria’s Immofinanz, Real Estate Capital can reveal.
The Italian government’s EU deal allowing it to provide guarantees to the country’s banks for securitising non-perfoming loans could be helpful to the European CMBS market.
A total of €74.4 billion of real estate debt and bank-owned property was sold during 2015, forming the bulk of the €104.3 billion of loan portfolios sold during the year, according to new research published by Deloitte.
DekaBank has provided a €41.4 million senior loan to finance Schroder Real Estate’s acquisition of a mixed-use hotel and office property in Berlin.
Blackstone Real Estate Debt Strategies (BREDS) has provided $285 million in financing for the acquisition of RiverTower at Sutton Place, a residential tower at 420 East 54th Street in Manhattan.
Quantum Capital has arranged $22 million in long-term, non-recourse debt to refinance regional shopping centers in Frisco and San Angelo, Texas.
Retail Properties of America (RPAI) sold a long-struggling retail, residential and office center in Salt Lake City and closed the real estate investment trust’s existing $94 million mortgage on the property.
ING and JP Morgan have been ranked as the most active banks in the syndicated European real estate loan market during 2015 by financial information provider Dealogic.