Not the highest by property type, but in September office special servicing topped 8% for the first time since 2017. Overall, CMBS special servicing rates have been on an upward trend, according to a ...
The $77 million loan backed by two Chetrit Group mixed-use properties transferred to special servicing this month, after sponsor Jacob Chetrit failed to make a debt payment in January, according to ...
A $300M CMBS loan backed by 1 Cal Plaza has moved to special servicing. The loan is set to mature in November, according to Morningstar, which reported the transition. Refinancing is still a challenge ...
After a one-month decline, commercial mortgage-backed securities (CMBS) special servicing transfer rates ticked up again in February, driven by increases in office and retail maturity defaults, giving ...
As WeWork exits bankruptcy to start a new life, its investment arm is in dire straits at one of its Austin properties. 801 Barton Springs Road has been transferred to special servicing, according to ...