Meta Layoffs Draw Morningstar Scrutiny to $1.17B in Loans on Park Tower at Transbay and Burlingame Point

Morningstar credit analysts have widened their watch on Meta's Bay Area real estate footprint to two more single-tenant trophy properties—San Francisco's Park Tower at Transbay and the waterfront Burlingame Point campus—where a combined $1.17 billion in securitized debt now sits behind more than 900 jobs caught in the company's latest restructuring. Meta Platforms' decision to […]