Building exterior in Lower Manhattan S&P headquarters in Lower Manhattan

NEW YORK CITY—Notwithstanding a sluggish start to 2017, the year’s first half nonetheless saw issuance of $34.4 billion in private-label CMBS, Kroll Bond Rating Agency reported earlier this month. That’s a 27.8% increase from the year-ago period, and more than half of the year-to-date dollar volume was generated in May and June alone, according to KBRA.