Story thread · 2 reports / 1 sources
CMBS Loan Backed by Pittsburgh’s Gateway Center Liquidates at $65M Loss
commercialobserver.com · 8d
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Across 1 sources · syndicated copies counted once
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 […]
First report: Overall CMBS Distress Hits a 2026 High — commercialobserver.com, 8d
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