Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Wednesday, 19 June 2013

LNR Lays Off 47 in Right-Sizing Move

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LNR Property, which in April was acquired by Starwood Property Trust and Starwood Capital Group, has laid off 47 employees.

The layoffs are the result of LNR's integration into Starwood and are said to have been part of an effort to "right-size" the company. As property markets have improved, the volume of loans that the Miami special servicer handles has shrunk, to $18.1 billion as of the end of May, from more than $25...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Executive Changes (EXEC)
  • Company: LNR Property Corp.
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners
Private-Label CMBS - 9Mos2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 26.0 19,675.34 29.5
JPMorgan 12.1 8,678.41 13.0
Wells Fargo 15.1 8,504.57 12.8
Goldman Sachs 7.0 5,740.15 8.6
Citigroup 9.3 5,337.91 8.0

 

 

MOODY'S/RCA CPPI

 

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Top Loan Contributors
Private-Label CMBS 9Mos2014
Lender Vol $mln MktShr%
Deutsche Bank 11,647.54 17.75
JPMorgan 7,496.78 11.42
Wells Fargo 4,540.31 6.92
CCRE 4,474.33 6.82
Morgan Stanley 4,312.62 6.57

 

 

 

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