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Lone Star takes over San Francisco tower; Egan‑Jones vies to join major ratings firms; Fitch prepares for rise of financing tool

A weekly look at the commercial mortgage-backed securities business
Lone Star Funds has taken ownership of 600 California St., a 20‑story, 360,000‑square‑foot San Francisco office building. (CoStar)
Lone Star Funds has taken ownership of 600 California St., a 20‑story, 360,000‑square‑foot San Francisco office building. (CoStar)
CoStar News
April 23, 2026 | 2:45 P.M.

This week’s column examines Lone Star Funds taking full ownership of a distressed San Francisco office tower, Egan-Jones Ratings’ quest to compete with major firms and Fitch Ratings preparing to handle a new kind of financing. Read the entire piece by clicking “read more” below.

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