Despite the rising number of defaults, the commercial real estate market is improving.
Prices are up. Commercial real estate values have risen 6 percent in recent months, according to Real Capital Analytics.
Nearly $14 billion in loans were modified in the last six months.
Investors also have been aggressively buying commercial mortgage-backed securities (CMBS). Research firm Trepp predicts that $25 billion in CMBS will be issued in 2010.
Source: USA Today, Paul Davidson (04/20/2010)
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