Brief
CMBS Loan Backed by Pittsburgh’s Gateway Center Liquidates at $65M Loss
An iconic office complex in the City of Bridges has hit a dead end. The $92 million commercial mortgage-backed securities (CMBS) loan secured by Gateway Center, an iconic office complex in Downtown P
Summary
An iconic office complex in the City of Bridges has hit a dead end.
The $92 million commercial mortgage-backed securities (CMBS) loan secured by Gateway Center, an iconic office complex in Downtown Pittsburgh, has liquidated via a note sale, resulting in a $64.
8 million loss to the CMBS trust, according to an alert from Morningstar […]
Source
- Commercial Observercommercialobserver.com
