Blackstone Bond Pair to Help Thaw CMBS Market: Structured Weekly

Four new commercial mortgage backed securities worth nearly $3.1 billion are poised to price in the coming days, a shot in the arm for a market which has seen a sharp decline in new issuance in recent months.

Private equity giant Blackstone is selling a $950 million bond to refinance the Del Coronado, a 901-room luxury hotel near San Diego, while QualityTech, a company owned by Blackstone, is selling an $800 millionbond to refinance a pair of data centers in northern Virginia. The other two deals — a $657.6 million bond by Bank of Montreal and other banks ...