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New York's CBS Building Plots Its Next Act, Two Big Office Loans Win Extensions, Negative Reappraisals Likely To Continue

A Weekly Look at the Commercial Mortgage-Backed Securities Business

The CBS Building in downtown New York is being updated as owners look to fill space being vacated by the network. (CoStar)
The CBS Building in downtown New York is being updated as owners look to fill space being vacated by the network. (CoStar)

New York's CBS Building Plots Its Next Act: Harbor Group International, owner of the CBS Building in Manhattan, is working to reposition the iconic 900,000-square-foot, 36-story, Class A skyscraper after its namesake tenant began reducing its space needs.

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