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Home Commercial Blackstone’s $195MM Tower at Burbank Loan Lands on CMBS Watchlist as Office Occupancy Slides to 73%
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Blackstone’s $195MM Tower at Burbank Loan Lands on CMBS Watchlist as Office Occupancy Slides to 73%

July 23, 20263 Mins read427
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Morningstar Credit has flagged the $195 million loan on Blackstone's Tower at Burbank office property for occupancy erosion, as a signature entertainment-district tower that once ran nearly full now sits almost a quarter empty three years ahead of its maturity. The whole loan backing The Tower at Burbank, a roughly 491,000-square-foot office building at 3900 […]

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