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Values plummet for distressed office properties; Mall loan losses hammer bondholders; Cleveland sale wipes out debt investors

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A group of U.S. office properties underwritten with a 91% average occupancy now sit at just 64%, according to CoStar data. (Getty Images)
A group of U.S. office properties underwritten with a 91% average occupancy now sit at just 64%, according to CoStar data. (Getty Images)
CoStar News
October 23, 2025 | 1:09 P.M.

This week’s column examines recent appraisals showing lower values for U.S. office properties and bondholders taking losses on deals backing a New York mall and a downtown Cleveland tower. Read the entire piece by clicking “read more” below.

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News | Values plummet for distressed office properties; Mall loan losses hammer bondholders; Cleveland sale wipes out debt investors