San FranciscoMay 16, 2024CIM Group’s CMCT faces trouble on Oakland multifamily floating-rate loanPublicly traded subsidiary says rent will “likely be insufficient” to meet debt payments
New YorkMay 15, 2024Valuation slashed as 1440 Broadway nabs loan mod, guarantorCIM’s Midtown office tower now worth $320 million — half of prior value
ChicagoMay 1, 2024Blackstone, New York Life list distressed downtown office buildingsMag Mile and Monroe Street buildings worth less than loan balances