Office portfolio, 2 properties · Minneapolis, Minnesota
Park Place East
This portfolio is financed with a $51.0M CMBS loan at 4.62% that reaches maturity on February 1, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $51,036,381
- Original balance (same notes)
- $54,250,000
- Interest rate
- 4.62% fixed
- Originated
- January 12, 2018
- Maturity
- February 1, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 31, 2027
- Master servicer
- Midland Loan Services
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 16, 2024
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 5775 Wayzata Boulevard, Minneapolis, MN 55416
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Value at securitization
- $78.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $5.3M | n/a |
Watch flags
Computed from the CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Park Place East | Minneapolis, MN | Office | n/a | n/a |
| Park Place West | Minneapolis, MN | Office | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $51.0M | 90+ days delinquent | Yes | 1.26x | 61% |
| March 2026 | $51.0M | 90+ days delinquent | Yes | 1.26x | 61% |
| February 2026 | $51.0M | 90+ days delinquent | Yes | 0.83x | 61% |
| January 2026 | $51.0M | 90+ days delinquent | Yes | 0.83x | 61% |
| December 2025 | $51.0M | 90+ days delinquent | Yes | 0.83x | 61% |
| November 2025 | $51.0M | 90+ days delinquent | Yes | 0.83x | 61% |
| October 2025 | $51.0M | 90+ days delinquent | Yes | n/a | n/a |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer October 16, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 2 | $51,036,381 | Sep 2026 | SEC filing, September 25, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Offices At Mall Of America | Bloomington, MN | Office | $38.8M | 5.136% | Sep 2028 | 1.56x | 89% | Current |
| 444 Lafayette | Saint Paul, MN | Office | $37.3M | 4.722% | Oct 2028 | n/a | n/a | Current |
| Southpoint Office Center | Bloomington, MN | Office | $32.7M | 4.305% | Feb 2028 | 1.41x | 58% | With the special servicer |
| Braemar Office Park | Edina, MN | Office | $19.1M | 4.384% | Jan 2028 | 1.92x | 88% | Current |
| Crystal Center | Crystal, MN | Retail | $19.1M | 4.90% | Aug 2028 | 2.56x | 97% | Current |
| 8800 Queen Avenue South | Bloomington, MN | Mixed use | $16.7M | 4.56% | Feb 2028 | 2.63x | 95% | Current |
| Gaviidae Common | Minneapolis, MN | Mixed use | $14.2M | 4.29% | Apr 2028 | n/a | n/a | Current |
| Village Ten Sc | Coon Rapids, MN | Retail | $13.0M | 4.75% | Aug 2028 | 2.38x | 94% | Current |
All loans maturing in 2028 · All Minneapolis-St. Paul-Bloomington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.