CMBS debt represented more than one-third of total outstanding commercial real estate debt at the height of the market in the mid-2000s, and is once again being looked upon as a potential solution to help solve existing distressed-asset issues and manage significant looming debt maturities.

CPE offers a snapshot of forecasts for the new year, portraying the likely trends that will shape commercial real estate in 2012.

Grandbridge Real Estate Capital just closed a $72 million Freddie Mac first-mortgage loan secured by Paradise Island, a 1,112-unit apartment property in Jacksonville, Fla.

The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.

Rick Romano, a vice president with Prudential Real Estate Investors, sat down with Commercial Property Executive to discuss his firm’s outlook for the rest of 2011.

According to Fitch Ratings, the CMBS sector is looking good as maturing loans reach the end of their terms, and more than $17.3 billion are scheduled to do so in 2012.

Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.

It’s a new day for Prudential, as a new joint venture with Perella Weinberg Partners will allow the financial firm to begin issuing CMBS, effective immediately.

As of mid-March, approximately 200 loans have transferred this year, marking a dramatic descent from the 631 loans in the first quarter of 2010.

By Paul Rosta, Senior Editor
CMBS delinquencies reached an all-time high of 9.34 percent last month, but that dubious distinction may mask something of a silver lining.  Although the total delinquencies may continue to tick up for a while, they are also increasing far more slowly than they were just a few months ago, according to [...]