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Bay Area apartments face foreclosure; Simon mall refinancing package leads new offering; Three major January defaults

A weekly look at the commercial mortgage-backed securities business
Parkmerced is made up of 11 high-rise apartment towers and 154 townhouse buildings in San Francisco. (CoStar)
Parkmerced is made up of 11 high-rise apartment towers and 154 townhouse buildings in San Francisco. (CoStar)
CoStar News
January 23, 2025 | 3:02 P.M.

This week’s column examines a possible foreclosure for San Francisco’s largest apartment complex, a new CMBS deal to refinance a Simon Property Group mall in California and defaults this month involving three prominent loans. Read the entire piece by clicking “read more” below.

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