Finance CMBS
CMBS Veteran Launches Advisory Firm
May 16, 2008

Frederick Fellows has established Basalt Capital L.L.C. (Basalt) in Chicago, Ill., an investment management company focused on commercial real estate debt securities, the firm has announced. Fellows had previously founded Cargan Investment Management L.L.C. in 1999. Basalt, an institutional advisory firm, currently manages commercial mortgage backed security investments for a related investment partnership. Basalt has launched a $500 million high yield CMBS-oriented investment fund and expects to have its first closing within the next several months.

 
Recent CMBS Headlines
Margolin Joins Arbor Commercial as Director
June 18, 2008
Arbor Commercial Mortgage announces the appointment of Peter Margolin to director in the firm's Chicago, Ill office.
Finance Groups Doubt SEC Plan to Tag CMBS Pools
June 13, 2008
Proposed changes to bond ratings are raising the hackles of real estate finance groups, which worry that the Security and Exchange Commission’s new rules would slow the recovery of the CMBS market.
CMSA Study Finds CMBS Market Turning Around
June 10, 2008
The economy may remain difficult, but the commercial mortgage-backed securities market has turned the corner. That was the determination of Jun Han, who performed an extensive study of the CMBS market for the Commercial Mortgage Securities Association. Han released the white paper and discussed his findings during a press conference at the organization’s annual convention yesterday.
 

 

REal Talk with Adam Perrotta - Tues., July 8th
July 08, 2008
By Adam Perrotta, News Writer --A lot of news out of the Left Coast today, including the approval of a massive makeover for LAX airport, Laramar Group opening its California office with a bang and troubled Maguire Properties selling off...

Maguire to Sell Orange Country Property for $211M
July 08, 2008
By Dees Stribling, Contributing Correspondent -- Maguire Properties, under new management in recent months and pursuing a plan to reduce the debt it incurred by bulking up on SoCal office space in recent years, is selling off Main Plaza Towers...

$400M Army Hotel Program Takes Next Step
July 08, 2008
By Barbra Murray, Contributing Editor -- The U.S. Army's plan for developing and renovating hotels at 12 installations as part of its Privatization of Army Lodging program has just advanced to the next stage now that it has entered into...

Penn National Gets Option on MD Parcel for Possible Casino
July 08, 2008
By Gail Kalinoski, Contributing Editor -- Penn National Gaming Inc. has secured an 18-month option on 36 acres in Perryville, Md., where it hopes to set up a slots casino and entertainment center. The price of the land was not...

Hill Wins Contract for $1.6B Abu Dhabi Project
July 08, 2008
By Scott Baltic, Contributing Editor -- New Jersey-based Hill International has been awarded a contract by Sorouh Real Estate PJSC of Abu Dhabi, United Arab Emirates, to handle project management for Gateway Towers 3 through 8 at the firm's Shams...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...

How to Reduce Employee Turnover
June 06, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Few things in business are as costly and disruptive as unknowingly having the proverbial revolving door for employees to exit from. While there are many secondary and tertiary items that can influence an...

How To Delegate for Success
May 30, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --If you desire to become a top CEO it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you'll find that to the...