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Navigating Commercial Real Estate Distress
This chapter examines critical trading alerts related to significant loans in New York's commercial real estate sector, with a focus on the Times Square Plaza loan now in special servicing due to default risks. It discusses broader market trends, including the declining appeal of office spaces post-COVID and the financial struggles plaguing retail properties. Insights are provided into the challenges of securing refinancing and the implications for lenders and property owners amidst shifting market dynamics.