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Failed bank’s New York headquarters remains empty; Northern Virginia office portfolio downgraded; PREIT refinances Michigan mall

A weekly look at the commercial mortgage-backed securities business
The space at 410 10th Ave. in New York occupied by First Republic Bank, which failed in May 2023, has yet to be leased. (CoStar)
The space at 410 10th Ave. in New York occupied by First Republic Bank, which failed in May 2023, has yet to be leased. (CoStar)
CoStar News
December 5, 2024 | 3:51 P.M.

This week’s column looks at what's become of First Republic Bank’s former New York headquarters, a downgrade on office properties in Northern Virginia, and a refinancing for a Michigan mall. Read the entire piece by clicking “read more” below.

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