Article from GlobeSt.com
NEW YORK CITY-The pace of US CMBS loans transferring to special servicing has slackened since 2009, and the year-to-date tally is about one-third of what it was 12 months ago, Fitch Ratings said Friday. That being said, a slowdown does not mean a full stop: earlier in the week, Moody’s Investors Service noted that the delinquency rate for CMBS continued to tick upward last month, albeit at the more moderate pace seen since June 2010.
About 200 Fitch-rated CMBS loans have gone into special servicing since the start of 2011. That compares to 631 for the same...
James McCaughan, of Principal Global Advisors shares his view on CNBC.
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