Battle for Office Tenants Hits CMBS Deals, Big St. Louis Building Takes Major Loss, Israeli Firm Plans Housing for Distressed Florida Mall

Battle for Office Tenants Hits CMBS Deals: As the effects of the coronavirus pandemic have started wearing off in the office sector, some big space users are leasing again. And bond rating agencies are seeing competition for those creditworthy tenants showing up in buildings financed by commercial mortgage-backed securities. One of the latest examples is investment management firm Lord Abbett & Co., the largest tenant at 90 Hudson St. in Jersey City, New Jersey, vacating ahead of its December 2024 lease expiration and signing a new lease down the street at 30 Hudson.