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Mar. 5, 2010
FINANCE
NEW YORK - Delinquency rates grew in all sectors of commercial real estate during February, but they increased at the slowest pace in six months, reported TreppWire. The overall delinquency rate for commercial mortgage-backed securities rose 23 basis points to 6.72 percent from 6.49 percent in January. This gain is lower than the average increase of 44 basis points in the past 12 months, but the current level is the highest in the history of the CMBS industry. Office rates increased the most during the month, reaching a 4.3 percent rate of delinquency.




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