Friday, October 10, 2025 — The Federal Reserve’s new disclosure rule could make commercial real estate risk harder to see just as loan modifications surge past $27 billion. We break down what “extend-and-hide” means for lenders, borrowers, and investors. Plus: San Francisco offices trade at 60% discounts, Crow Holdings secures a $1.8 billion retail recap, and CRE360’s take on how to navigate the next wave of maturities.
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