This shook me. 😳😳Nightingale Associates (@FCNightingale)135 South LaSalle St. Chicago, Illinois
— DeCarleyTrading.com (@carleygarner) Sep 16, 2026
Reported a new appraised value of just $34.0M, a 90% drop from its $330.0M valuation when the loan was originated in 2015. The building is nearly empty and cash flow has been negative for years.
CMBS ($100.0M | 47.5% of CGCMT 2015-GC31)
-Morningstar
#CommercialRealEstate— https://x.com/FCNightingale/status/2100031146851479964
This shook me. 😳😳
Written on 09/16/2026
@carleygarner