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This Troubled CMBS Deal Includes a Data Center, Times Square Office Building Heads to Special Servicing, Freddie Mac Refinances Homeless Shelters

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The office/data center space at 32 Avenue of the Americas in New York has experienced declining occupancy. (CoStar)
The office/data center space at 32 Avenue of the Americas in New York has experienced declining occupancy. (CoStar)
CoStar News
August 22, 2024 | 2:08 P.M.

This week’s column examines a New York data center property that’s raised rare concerns in the CMBS market, a Times Square office building struggling with occupancy, and a new bond offering tied to Big Apple homeless shelters. Read the entire piece by clicking “read more” below.

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