The $399 million loan tied to 1440 Broadway in Midtown Manhattan has returned to special servicing despite a loan extension and new management. QSuper and CIM Group bought the building in 2017, but issues escalated after WeWork filed for bankruptcy and Macy’s exited. A loan modification in 2024 pushed the maturity date to October 2025, but the property’s valuation dropped from $595 million to $320 million. As of late 2024, the building was only 59% occupied with average rents of $57 per square foot. A recent maturity default triggered the latest servicing action.