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Challenged CMBS loans against office buildings continued to roll into special servicing in February, increasing the overall volume by 1.61 percent from the previous month, to $32.13 billion, according to Trepp Inc. The office loans that transferred to special servicing included a $484.75 million loan piece against seven office buildings in the portfolio of Columbia Property Trust, which was acquired by Pimco.
The post Large Office Transfers Push CMBS Special Servicing Volumes Higher in February appeared first on Commercial Real Estate Direct.
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