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Value declines complicate CMBS debt; Financial turnaround for New York mall; New Jersey office complex sells at big loss

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Loan defaults accelerated amid rising interest rates and post-pandemic stress on office properties. (Getty Images)
Loan defaults accelerated amid rising interest rates and post-pandemic stress on office properties. (Getty Images)
CoStar News
December 4, 2025 | 3:51 P.M.

This week's column examines how declining appraised values are affecting the CMBS market, a New York mall undergoing a financial turnaround and a New Jersey office complex that sold at a big loss for bondholders. Read the entire piece by clicking "read more" below.

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News | Value declines complicate CMBS debt; Financial turnaround for New York mall; New Jersey office complex sells at big loss