Tuesday, January 4, 2011

CMBS Issuance to pick up steam in 2011

Nothing new here, but always good to see CMBS in the TOP news on Bloomberg.

Deutsche Bank and UBS are teaming up to issue as much as $2.5 billion in commercial mortgage-backed securities linked to loans on office buildings, shopping malls and hotels in what would be the largest offering of its kind since the market froze in June 2008, according to a person familiar with the deal. JPMorgan plans to sell $1.5 billion in similar debt, a person familiar with that sale said.

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