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Federal office cuts hit CMBS loan; Deal flow decelerates; Double trouble for former biotech HQ

A weekly look at the commercial mortgage-backed securities business
An FBI field office in Jacksonville, Florida, is one of multiple federally leased properties backing a $660 million loan. (CoStar)
An FBI field office in Jacksonville, Florida, is one of multiple federally leased properties backing a $660 million loan. (CoStar)
CoStar News
March 27, 2025 | 2:05 P.M.

This week’s column examines downgrades on a portfolio of office properties mostly leased to the federal government, a slowdown in CMBS deals and a pair of setbacks for the lender that foreclosed on GlaxoSmithKline's former headquarters. Read the entire piece by clicking “read more” below.

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