CMBS Special Servicing Rate Declines

Trepp, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined again in August, falling three basis points to 3.22 percent.

MBA, Others Urge Terrorism Risk Insurance Act Reauthorization

The Mortgage Bankers Association and more than 100 other organizations representing various business interests urged Congress to reauthorize the Terrorism Risk Insurance Act, which is set to expire at year-end 2020.

Commercial/Multifamily Briefs

Blackstone, New York, closed its latest global real estate fund, Blackstone Real Estate Partners IX, at $20.5 billion of total capital commitments, making it the largest current real estate fund.