Of the $1.4 trillion balance of outstanding commercial-multifamily mortgages held by non-bank investors, only 11% of the total, or $155 billion, will mature in 2011, and 9%, or $125 billion, will mature in 2012, according to the release on Monday of the Mortgage Bankers Association’s 2010 commercial real estate-multifamily survey of loan maturity volumes.
The survey found that maturities vary considerably by the type of investor holding the loan.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
