Good news for commercial real estate borrowers: there is another CMBS issue in the works. Put together by Goldman Sachs and Citigroup, the new issue will mark the third multi-borrower CMBS deal this year after the industry saw zero multi-borrower deals in 2009. Industry sources have told Retail Traffic, however, that the banks are being extremely careful about these new issues. Rather than putting them together and then selling the bonds, the banks secure the bond buyers ahead of time. So while things are improving on the CMBS front, the market is still very, very shaky. For this and other stories on retail and retail real estate, follow the links below:
- Goldman, Citigroup to Sell Real Estate Securities (Bloomberg Businessweek)
- Deutsche Bank Shutting Commercial Real Estate Adviser Group (Bloomberg)
- Movie-rental Stores are Next Retail Backfill Opportunity (Indianapolis Business Journal)
- Winn-Dixie to Close 30 Stores (Supermarket News)
- Why Dollar General Deal is Proving a Tough Sale (The Wall Street Journal)
- Chicago Aldermen Approve City's 3rd Wal-Mart Store (The Associated Press)
- Ick! Bedbug Invasion Hits Stores, Offices (Crain's New York Business)
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