Tamares Group: CMBS Loan on GMA-Anchored Times Square Office Property Enters Special Servicing

A $335 million commercial mortgage-backed securities (CMBS) loan secured by a struggling Times Square office asset at 1500 Broadway has hit special servicing ahead of its October 2024 maturity date, according to a report from Morningstar. The seven-story Class B building is owned by Tamares Group and features a digital display of the Nasdaq ticker. [...]