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 U.S. office market is seeing more stability on the refinancing and special servicing fronts as distress recedes, ...
An $87 million CMBS loan tied to the Pinnacle II office building in Burbank was transferred to special servicing on Dec. 30, ...