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Payoff missed on $1.1 billion loan; Debt downgraded on New York landmark; CMBS delinquencies stabilize

A weekly look at the commercial mortgage-backed securities business
Workspace Property Trust owns a portfolio of 144 buildings, including the office property at 6625 W. 78th St. in Minneapolis. (CoStar)
Workspace Property Trust owns a portfolio of 144 buildings, including the office property at 6625 W. 78th St. in Minneapolis. (CoStar)

This week’s column examines a missed payoff date for a $1.1 billion CMBS loan, debt downgraded on a New York landmark and stabilizing loan delinquencies. Read the entire piece by clicking “read more” below.

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