Posted by: BayAreaComRE | November 19, 2009

Is the CMBS (Commercial Mortgage Backed Securities) Market back?

From Costar (linked here)

“The first new-issue commercial mortgage backed securities (CMBS) supported by brick-and-mortar properties in nearly two years successfully sold this week. …”

Remainder of story here…

Takeaway: Although none of these properties are located in the Bay Area, this indicates that there is positive sentiment returning into Commercial Real Estate as an asset class. Goldman Sachs is typically a market leader, so their position could be seen as a bellwether of what’s to come.

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