Happened last month, I just missed it. Saw it in DB's report today. That makes three of the top 10 loans in LBUBS 2006-C7 deal gone to the special over the last two months.
Microhousing: What's the Big Idea?
4 days ago
Barclays Capital announced several appointments to its Commercial Mortgage Backed Securities (CMBS) Finance business in the U.S. These appointments accelerate the recent expansion of the firm’s CMBS origination capabilities...
U.S. commercial property prices rose 2.4 percent in August, the fourth straight months of gains, according to Moody’s Investors Service.The Moody’s/REAL Commercial Property Price Index is now 15 percent above its post-peak low in April, the company said in a statement today. Moody’s doesn’t see “significant” price gains in the near term as loan originations based on commercial- mortgage backed securities slow and demand for vacant space continues to “languish,” the company said.
The settlement includes a reduction in the price New York- based Cerberus and Chatham Lodging Trust will pay to acquire Innkeepers, said the people, who didn’t disclose the new price and asked not to be named because the talks are private. The accord, reached after a weekend of negotiations, isn’t final and could still fall apart, said the people, and a final agreement is subject to approval by the U.S. bankruptcy court judge overseeing Innkeepers’ restructuring.