CMBS
Rialto Takes Back 35,000 SQFT 580 Market St. Office After Paragon’s $17.5MM Debt Goes Unpaid
Paragon Company paid about $690 per square foot for the 1907-built Market Street building in 2015. It has now been appraised at about...
Trepp: Parkmerced Skews San Francisco’s Multifamily Risk as AI Fuels Nation-Leading Rent Growth
A new Trepp risk ranking puts San Francisco near the top of the West's most stressed multifamily markets, but the firm's own analysts...
Flynn Properties Takes 585,000 SQFT 225 Bush via Deed in Lieu After $221MM Loan Buy in San Francisco
Flynn Properties has now bought both 225 Bush St. and Market Center by acquiring the loan and taking a deed in lieu, getting...
Cardea Health Buys 286-Room Radisson Hotel Oakland Airport for $15.5MM
A homelessness-focused nonprofit buys the distressed Radisson Hotel Oakland Airport for $15.5MM out of receivership, picking up a conversion plan the prior owner...
CIM Group’s 165,000 SQFT Central Tower Heads to Foreclosure in San Francisco After $98MM Default
A freshly recorded appraisal reduction and a slide past 121 days delinquent have deepened the distress at the historic Central Tower, where special...
Blackstone Mortgage Trust Lists 686-Key Hyatt Regency SoMa in San Francisco as Part of Portfolio Overhaul
Blackstone Mortgage Trust launches sale of San Francisco's 686-key Hyatt Regency SoMa as part of a broader portfolio overhaul.
Liquidity Roars Back to Bay Area Debt Markets as Office Lending Returns, Newmark’s Daya Says
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of...
Trust Exposure on San Francisco Centre Hits $351MM as Presidio Bay, Prado Group Abandon 1.5MM-SQFT Redevelopment Weeks Before Loan Maturity
Loan-level data from Morningstar Credit shows bondholders on the shuttered San Francisco Centre carrying $351.3 million of total exposure against a property with...
CMBS Distress Rate Jumps to 11.86% in May as Office Pain Deepens and April Dip Evaporates
A one-month improvement in April proved fleeting as CRED iQ's combined CMBS distress rate snapped back to 11.86 percent in May 2026, with...
Stockbridge Lands $700MM Refinance on Roblox-Anchored 1MM-SQFT Bay Meadows Campus in San Mateo
Stockbridge lands a $700MM floating-rate refinance on its Roblox-anchored Bay Meadows office campus in San Mateo.
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...
Morningstar Flags $505MM Loan on Meta’s 701,000-SQFT Moffett Towers II Campus in Sunnyvale as Layoffs Mount
Credit analysts have placed the $505 million loan backing Moffett Towers II Buildings 3 and 4 in Sunnyvale under watch after Meta Platforms,...
