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CMBS lenders post largest loss this year; Philadelphia faces office struggles; St. Louis tower sells cheap

A weekly look at the commercial mortgage-backed securities business
The retail space at 229 W. 43rd St. in New York sold for a fraction of its previous price. (CoStar)
The retail space at 229 W. 43rd St. in New York sold for a fraction of its previous price. (CoStar)
CoStar News
August 28, 2025 | 2:30 P.M.

This week's column examines how CMBS lenders are still dealing with losses from the sale of distressed properties, a stretch of downtown Philadelphia struggling with office vacancy and a St. Louis tower that sold at a discount. Read the entire piece by clicking "read more" below.

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News | CMBS lenders post largest loss this year; Philadelphia faces office struggles; St. Louis tower sells cheap