Reports about the death of CMBS have been exaggerated, it appears. Following a year of inactivity, issuance from three single-borrower CMBS deals has hiked up expectations for the sector heading into 2010.

Market participants anticipate that 2010 will be a transitional year in which new CMBS issuance could rise to $15 billion, after 2009's total of more than $2 billion, pushing issuance back to mid-90's levels.

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