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Volume 5 - Number 24 | December 18, 2007
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$593M of CVS CTL Securities in the Hopper
By Michelle Napoli
Moody’s Investors Service has assigned a provisional Baa2 rating to $593.1 million of securities backed by credit-tenant lease loans to be secured by both newly built and existing drugstores triple-net leased to CVS Caremark Corp. subsidiaries.
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Optimism for RVI Market Returns
By Michelle Napoli
Residual value insurance market participants are seeing at least some anecdotal signs that the lending environment is changing such that demand for RVI product is gaining strength.
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Arbitration Sets $56M Rent for Sony Offices
By Bob Howard
Sony Pictures Entertainment will pay rent of $56.1 million to Transpacific Development Co. during the next five years as a result of what is believed to be the largest rent arbitration ever decided on the West Coast.
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