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The default comes two weeks after Columbia sold a New York building for a $10M loss.
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CMBS could play a key role in helping banks clean up their balance sheets of maturing commercial real estate debt, experts say.
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The biggest leases, sales and financing deals in New York City this week.
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The biggest loans, leases and sales in New York City this week.
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The joint venture buyers of the 11-story building see it as a value-add play, plus other top transactions from the week in Metro Atlanta commercial real estate.
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The biggest leases, sales and financing deals in New York City this week.
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The biggest sales, leases and financing deals in New York City this week.
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The biggest leases, sales and financing deals this week in New York City.
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The biggest leases, sales and financing deals this week in New York City.
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Monday and its partner RSN Property Group are scouting for more Atlanta apartments as well.
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