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Brookfield extends loan on largest outdoor mall; New York office debt nears default; Market sentiment drops sharply

A weekly look at the commercial mortgage-backed securities business
Brookfield exercised a one-year maturity extension on a $2.4 billion loan tied to the Ala Moana shopping center in Honolulu. (CoStar)
Brookfield exercised a one-year maturity extension on a $2.4 billion loan tied to the Ala Moana shopping center in Honolulu. (CoStar)

This week’s column examines a loan extension for the world’s largest open-air shopping center, New York office debt in special servicing over cash flow concerns, and a plunge in financing market sentiment. Read the entire piece by clicking “read more” below.

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