A panel of real estate executives said it expects sales of commercial mortgage-backed securities to increase next year as interest rates remain low and the economic recovery continues. P. Sheridan Schechner, managing director at Barclays Capital, said a high volume of five-year loans taken out between 2005 and 2007 will create increased demand for refinancing. "There's definitely a need for the CMBS market," Schechner said.

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