Best & Final: CMBS Distress Peaks (September 12, 2025)
Update: 2025-09-12
Description
Commercial real estate distress is climbing to record highs, while New York’s housing pipeline slows and political battles heat up ahead of the mayoral race. In this episode of Best & Final, we break down the pressures in the CMBS market, Extell and Vornado’s billion-dollar development strategies, and the latest snapshots from Tribeca, East Harlem, and the Manhattan office market. Distress, debate, and development — all shaping the city’s future.
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