National Commercial Real Estate News From CoStar Group
CMBS Underwriting Approaching 2006 Levels
The pace and volume of CMBS issuance has increased substantially in 2013, led by strong investor demand. Through the second quarter, issuers have placed $26.9 billion of conduit paper across 21 transactions, substantially higher than the $12.7 billion issued across 11 transactions over the same period in 2012.
Retail loans account for the majority of all securitizations, according to Lea Overby, head of CMBS research at Nomura Securities International...