16.11.2011 - A comeback for the CMBS market?
It appears that speculation about the death of the CMBS market was premature. “Investors are coming back to the market,” Jon Martin, a managing director of Wells Fargo’s real estate capital markets group, said Tuesday at a New York gathering of NAIOP, the Commercial Real Estate Development Association. “A more positive sign is what’s happening in secondary trading. It’s back to normalized levels” of about $1 billion a week, he said of bond trades. Wells Fargo this month cut some rates it offers to borrowers on office, retail and hotel buildings after investor demand at its latest commercial mortgage-backed security deal exceeded expectations............................................Full Article: Source
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