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Office lease expirations weigh on CMBS market; Big loss expected for Houston building; Fannie Mae backs high-price Boston apartment deal

A weekly look at the commercial mortgage-backed securities business
Vertex Pharmaceuticals signed a renewal last month to maintain its corporate headquarters at 50 Northern Ave. in Boston, offering a bit of good news for the office market. (Spencer Crispino/CoStar)
Vertex Pharmaceuticals signed a renewal last month to maintain its corporate headquarters at 50 Northern Ave. in Boston, offering a bit of good news for the office market. (Spencer Crispino/CoStar)
CoStar News
September 5, 2024 | 2:22 P.M.

This week’s column examines how office tenant nonrenewals are weighing on the CMBS market, a big loss expected for a Houston office building, and Fannie Mae's backing of the largest Boston apartment deal in more than a year. Read the entire piece by clicking “read more” below.

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