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CMBS market driven by big investors, shorter terms; Prominent New York office building struggles; Manhattan landlord gives back tower

A weekly look at the commercial mortgage-backed securities business
The Feil Organization closed a $63.75 million refinancing for its 16-story office building at 251 Park Avenue S. in New York. (CoStar)
The Feil Organization closed a $63.75 million refinancing for its 16-story office building at 251 Park Avenue S. in New York. (CoStar)
CoStar News
September 18, 2025 | 12:58 P.M.

This week's column examines how the CMBS market is courting large institutional investors, a distressed loan on a historic New York office building and a Manhattan debt default that's triggered a foreclosure. Read the entire piece by clicking "read more" below.

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