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Blackstone-owned office building plunges in value; FTC exit triggers downgrade; Simon mall has loan trouble

A weekly look at the commercial mortgage-backed securities business
A new appraisal dropped the value of River North Point in Chicago to less than 80% of its value in 2018. (CoStar)
A new appraisal dropped the value of River North Point in Chicago to less than 80% of its value in 2018. (CoStar)

This week's column examines a Blackstone-owned office tower that's seen an 81% drop in its appraised value, a bond rating downgrade tied to the Federal Trade Commission's exit from a Washington, D.C., office property, and a troubled California mall loan's return to special servicing. Read the entire piece by clicking "read more" below.

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