Issuance of commercial mortgage-backed securities could hit $40 billion this year, about one-sixth of the record $230.2 billion in 2007, according to Jones Lang LaSalle. Jones Lang analysts based their projection on rising rental rates in key markets and a recovery in capital markets, boosting confidence in the market. Jay Koster, president Jones Lang’s American capital markets business, said assets trades are expected to soar 60% this year compared with 2010.
