has arranged to buy Bank of America N.A.’s $110.5-billion CMBS servicing portfolio, along with a CMBS special servicing portfolio of about $14 billion. Additionally, the firm entered into a long-term sub-servicing agreement with Berkadia Commercial Mortgage LLC to buy up its CMBS special servicing business. If the deals go through, KeyBank will have a $205-billion servicing portfolio, becoming the third largest named servicer of commercial/multifamily loans in the US. On a pro forma basis, upon closing it will be named special servicer on approximately $47 billion of CMBS, making KeyBank the fifth largest CMBS special servicer
H/T CoS
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Even bigger news: retailtraffic.com has been absorbed by a larger platform, presumably giving Elaine a larger audience.
I noticed that. It makes me a little sad - my RSS feeds broke and I couldn't figure out how to make them work right, so I no longer read her stuff on a regular basis. :(
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