Office

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Markets

The Office Loan Is Not Paying Off. Neither Is the One Next to It.

The office commercial mortgage-backed securities delinquency rate hit 13.2 percent in August 2026, the highest level since at least 2019. About $39 billion of office CMBS matures in the next twelve months, and $13.9 billion of that is not yet distressed but already showing warning signs.

By Thomas Gutierrez · 27 hours ago

Markets

The Office Building Becomes the Apartment Building. The Financing Is Finally There.

A $219 million construction loan for a partial conversion at 100 Wall Street, $113 million for a 25-story Magnificent Mile conversion in Chicago, and $44 million for a Boston office redevelopment closed in September and October. The conversion pipeline is moving from concept to concrete, backed by a combination of tax incentives and capital that has found its price.

By Margaret Holloway · 30 hours ago