New York’s CMBS market continued to buck the twin national trend of increasing delinquency rates and weak office markets, during an active first quarter. New York saw a total of $1.4 billion in new issuance, $901 million of which was backed by office properties. There was $59 billion on the New York CMBS market in March, down 0.7 percent from $59.4 billion in February, and the delinquency rate fell 11 basis points to 0.51 percent, […]

Source: trdnews

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