Morgan Stanley Said to Lead Banks Prepping $8 Billion of CMBS

The lenders plan to sell the bonds, linked to 123 properties spanning the U.S. from Manhattan to Riverside, California, as soon as next week, according to people familiar with the deal who declined to be identified because terms aren't public. Wall Street is planning as much as $8 billion in deals for January, the highest monthly volume since Dec. 2007, according to Deutsche Bank AG.