Home Commercial Morningstar Flags $505MM Loan on Meta’s 701,000-SQFT Moffett Towers II Campus in Sunnyvale as Layoffs Mount
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Morningstar Flags $505MM Loan on Meta’s 701,000-SQFT Moffett Towers II Campus in Sunnyvale as Layoffs Mount

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Credit analysts have placed the $505 million loan backing Moffett Towers II Buildings 3 and 4 in Sunnyvale under watch after Meta Platforms, the buildings' sole tenant, disclosed a fresh round of workforce reductions that will eliminate hundreds of positions this summer. Morningstar Credit flagged the securitized debt on the two-building campus in a June […]

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