JACKSONVILLE, Fl. – Vestcor Construction Services has begun construction on the 336-unit, 13-building Lindsey Terrace Apartments. The $16.5 million project will offer a community center and pool. Completion is slated for July 2002.
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?