Even as commercial mortgage-backed securities players coalesced in New York for the CMSA meeting last week, the beginnings of a flurry of summer market activity started, with a very successful pricing for the Salomon Smith Barney/Greenwich Capital $729 million conduit, and the launching of PNC's $802 million conduit as well as a $900 million issue from Donaldson, Lufkin & Jenrette Securities Inc.

42p1.593"The Salomon deal traded extremely well," said one source familiar with the conduit. "A lot of investors had both PNC and the Salomon/Greenwich deal on their desk and focused on Salomon."

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