CMBS


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Fed Chairman Jerome Powell and Treasury Secretary Steve Mnuchin (Getty)

Politicians want Feds to rescue CMBS market

As hotels and retailers struggle to pay their mortgages in the age of coronavirus, political consensus is emerging around the need for the federal government to prop up the commercial mortgage-backed securities market. A...

Politicians want Feds to rescue CMBS market
Onni Group President Rossano DeCotiis, WeWork CEO Sandeep Mathrani, and Wilshire Courtyard

Onni Group defaults on $400M Wilshire Courtyard loan after WeWork lease amendment

Two months before WeWork scrapped plans for its initial public offering, Onni Group secured the co-working giant as a...

Onni Group defaults on $400M Wilshire Courtyard loan after WeWork lease amendment
Hudson Commons and 444 N. Michigan Ave. 

TRD Insights: Can CLOs recover from the pandemic?

One of the fastest growing segments of the commercial real estate financing space has been commercial real estate collateralized...

TRD Insights: Can CLOs recover from the pandemic?
Hotel operators trek into special servicing and it may take years before they get out (iStock)

Submerged in securities: Many CMBS hospitality loans may be underwater soon

Carlos Rodriguez Sr. set off from Costa Rica nearly 25 years ago for what seemed like a surefire bet:...

Submerged in securities: Many CMBS hospitality loans may be underwater soon
Mall of America in Minnesota (Farragutful via Wikipedia)

Mall of America falls behind on $1.4B mortgage

The country’s largest shopping mall has reportedly fallen behind on its $1.4 billion mortgage, posing a threat to the...

Mall of America falls behind on $1.4B mortgage
Hudson’s Bay CEO Richard Baker (Credit: Getty; iStock)

“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan

The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine...

“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
Construction industry looks for solid ground

Construction industry looks for solid ground

In the best of times, construction is a complicated business. Labor problems, demanding developers, financing issues, bad weather —...

Construction industry looks for solid ground
A Wework location in Beijing on May 6, 2020 (Credit: Wang Zhao/AFP via Getty Images)

WeWork’s rental woes slam CMBS market

WeWork’s efforts to renegotiate several of its leases and skip rent payments is causing the price of bonds backed by payments from the company to plummet. Many WeWork tenants have requested rent relief or...

WeWork’s rental woes slam CMBS market
(Credit: iStock)

CMBS debt relief inquiries fall in late April, but worst is yet to come, new report says

After facing a tidal wave of relief requests in the first half of April, loan servicers saw a dip...

CMBS debt relief inquiries fall in late April, but worst is yet to come, new report says
Carl Icahn (Credit: Icahn by Neilson Barnard/Getty Images for New York Times; iStock; Matthew D. Wilson/Wikimedia Commons)

Investors who shorted malls stand to make out big

The coronavirus pandemic may be the final nail in the coffin for some retailers and shopping malls. For certain...

Investors who shorted malls stand to make out big
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