“This is a good sign for the office market and the economy in general, though it still will require a lot of activity and time to materially reduce the large volume of sublease space that has been put on the market during the pandemic.” --Julie Whelan, CBRE Global Head of Occupier Research, saying office space offered for sublease registered its first monthly decline in August since the pandemic started.

Berkadia added a new investment sales team to its Washington, D.C. metro office, bringing on board Senior Managing Directors Walter Coker and Brian Crivella.

Fitch Ratings, New York, and Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate continued its steady fall in September.