Alarms Ringing for Office Market: When the loan on Philadelphia’s largest stand-alone office building at 1500 Market St. moved to special servicing in August, it didn’t register much alarm at the time, according to a new report by Morningstar Credit Information & Analytics. After all, the property's performance metrics were significantly below underwritten expectations for a loan securitized in commercial mortgage-backed securities deal JPMCC 2020-MKST.
Alarms Ringing for Office Market, Bank Collapse Triggers Office Downgrade, Bank of America Bullish on Multifamily
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
April 6, 2023 | 12:37 P.M.
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IN THIS ARTICLE
- Properties
- Wells Fargo Center
1700 Lincoln St, Denver, CO
- West Tower
1500 Market St, Philadelphia, PA
- Melville Expressway II
68 Service Rd, Melville, NY
- RXR Executive Park - Bldg 1
58 Service Rd, Melville, NY
- Companies
- RXR Realty
Real Estate