Commercial Real Estate Direct Staff Report The weak performance of the Palisades Center shopping center in West Nyack, N.Y., coupled with its sharply reduced appraised value has prompted Moody's Investors Service to downgrade four classes of the CMBS deal that ...
Moody's Investors Service has downgraded classes C and D of Palisades Center Trust, 2016-PLSD, a single-borrower CMBS transaction backed by part of the mortgage against the Palisades Center in Nyack, N.Y., which has seen a decline in performance. The rating ...
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