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NEW YORK CITY-In a development that appears to defy the recent trend toward moderating increases in the CMBS delinquency rate, November’s rate shot up by 35 basis points, the steepest increase since May, says data firm Trepp. This follows a month in which the delinquency rate actually saw its first decline in more than a year. However, Mission Capital Advisors’ William David Tobin sees the rise as another manifestation of the bifurcation in the national market’s recovery.


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