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(RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-For the CMBS market, it may not quite be the “morning in America” Ronald Reagan promised in his re-election campaign ads 28 years ago, but the horizon looks decidedly brighter. After a slow start, new issuance is on pace to finish the year strong, and the delinquency rate for legacy CMBS has reached its lowest level in months. Locally based Trepp said Tuesday the late-pay rate dipped to 9.99 for September, bringing it below 10% for the first time since April.

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