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CMBS Distress Shifts Away From New York
The national commercial mortgage-backed securities (CMBS) distress rate edged up to 11.2 percent in October compared to 10.9 percent a year earlier. Underscoring this distress is 2400 Market Street in Philadelphia. The building is 99.5 percent occupied, and its largest tenant, Aramark, has a lease that runs to 2034. Even so, the $205 million CMBS […]
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Commercial ObserverCMBS Distress Shifts Away From New York