{"schema":"sb.node.v1","id":"sb:e/6d3e5dfc40077b9b536d2bf4","kind":"entity","label":{"text":"cmbs","locale":"en"},"identity":{"anchor":"label:en:cmbs","strength":"label"},"asOf":{"knowledgeCutoff":"2026-10-09T23:33:39.923351+00:00","snapshot":"deploy f0c6b74f6c77860f5b51bb7afdf927d3d831553b"},"lens":{"kind":"public"},"build":{"plane":"projected","builtFrom":["entity_graph.slim.json","entity_receipts (deploy asset)","event_graph.json","truth_records (deploy asset)","corroborated_record.json"],"rule":"node-projection.entity@v1"},"standing":{"evidence":{"supporting":29,"separatePublishers":9,"basis":"documents that mention the subject and the outlets that carried them; a mention is evidence the referent is in use, not evidence about any claim"},"admission":{"state":"canonical","reason":"entity graph provenance 'curated'; the node carries no promotion receipt in v1","policy":"EQ-PROMOTION (receipt not carried)"},"disposition":{"state":"served","reason":"public record"},"validity":{"from":"2026-09-04","to":"2026-10-07","basis":"first and last day we saw it mentioned; not the subject's own lifetime"},"measurement":{"state":"partial","blind":["assertion coverage 0.034: about 97% of mentions carry no typed assertion"]}},"dimensions":{"domains":["commercial_real_estate"],"activeDays":17,"assertions":{}},"up":[],"upNote":"An entity is a root: it is contained by nothing. Pan out by following R.","children":{"count":11,"byKind":{"observation":11},"withheld":{"state":"withheld","count":1,"reason":"1 receipt withheld: no source link (the same rule the topic record applies)"},"items":[{"id":"sb:o/ecf0102e6766dd01c24787d7","kind":"observation","label":"Commercial Observer · 2026-09-29 · Office CMBS Delinquency Rate at Highest Level This Decade","url":"https://commercialobserver.com/2026/09/office-cmbs-delinquency-rate-cred-iq/"},{"id":"sb:o/4bbad01e30d9b5fd529c499a","kind":"observation","label":"Bisnow · 2026-09-23 · Brookfield's GGP Lines Up $800M CMBS Refi Of 2.4M SF Suburban Chicago Mall","url":"https://www.bisnow.com/news/chicago/retail/brookfield-ggp-lines-up-800m-refi-of-suburban-chicago-mall"},{"id":"sb:o/945e28b38473cb755cbdd6c1","kind":"observation","label":"Bisnow · 2026-09-22 · BREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial Portfolio","url":"https://www.bisnow.com/news/national/industrial/breit-lines-up-1-7b-cmbs-loan-for-19m-sf-industrial-portfolio"},{"id":"sb:o/cc9c808d3b164b47a53916ab","kind":"observation","label":"Commercial Observer · 2026-09-16 · CMBS Loan Backed by Hyatt Regency in Jersey City Sent to Special Servicing","url":"https://commercialobserver.com/2026/09/cmbs-loan-hyatt-regency-jersey-city-special-servicing/"},{"id":"sb:o/7c2e2478cb0172bfaa6da0a5","kind":"observation","label":"Commercial Observer · 2026-09-16 · $420M CMBS Loan Backed by 51 West 52nd Exits Special Servicing, Secures Extension","url":"https://commercialobserver.com/2026/09/420m-cmbs-loan-51-west-52nd-exits-special-servicing-extension/"},{"id":"sb:o/1619e3320eabbbb029bbdda2","kind":"observation","label":"Housing Wire · 2026-10-07 · The return of the specialist: Why a more fragmented mortgage market favors active management","url":"https://www.housingwire.com/articles/fragmented-mortgage-active-management/"},{"id":"sb:o/431e9885e85bba117560ef20","kind":"observation","label":"Bisnow Latest News Feed · 2026-10-07 · Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly","url":"https://www.bisnow.com/news/national/retail/top-tier-malls-mask-enduring-distress"},{"id":"sb:o/3e4abc123dde13bcfacf6546","kind":"observation","label":"All Articles on Seeking Alpha · 2026-10-07 · Navigate 'Higher For Longer' With Floating Rate Bond ETFs","url":"https://seekingalpha.com/article/4952503-navigate-higher-for-longer-with-floating-rate-bond-etfs?source=feed_all_articles"},{"id":"sb:o/46ce7005e0a1937866995207","kind":"observation","label":"Bisnow Latest News Feed · 2026-10-06 · Multifamily's Days As Commercial Real Estate's 'Golden Child' Are Over","url":"https://www.bisnow.com/news/national/capital-markets/multifamilys-days-as-commercial-real-estate-golden-child-are-over"},{"id":"sb:o/d4e36e3a31e4fe09414b46f3","kind":"observation","label":"Bisnow · 2026-10-05 · Life Insurers Writing Riskier Loans To CRE, Setting Off Alarm Bells","url":"https://www.bisnow.com/news/national/finance/insurance-industry-lending-to-cre-takes-on-more-risks-as-market-reprices"}],"cursor":"c1.eyJpZCI6InNiOmUvNmQzZTVkZmM0MDA3N2I5YjUzNmQyYmY0IiwibCI6ImNoaWxkcmVuIiwibyI6MTAsImsiOm51bGwsImEiOiIyMDI2LTEwLTA5VDIzOjMzOjM5LjkyMzM1MSswMDowMCJ9","order":"newest first; we keep the 11 newest receipts for this entity. Its other observations are counted in standing.evidence.supporting but are not addressable in v1"},"relations":{"count":0,"items":[],"cursor":null,"order":"situations first, then claims (the subject's own maintained record, then site-wide corroborated clusters; each label ends with its standing), then co-mentions by shared documents, descending. Co-mentions are the ten strongest the entity graph keeps per entity"},"edge":{"state":"continues"},"links":{"rest":"/api/v1/node/e/6d3e5dfc40077b9b536d2bf4","mcp":"traverse {\"id\":\"sb:e/6d3e5dfc40077b9b536d2bf4\"}","page":"/entity/cmbs/"},"limits":{"levelsPerCall":1,"pageSize":10,"maxPageSize":50,"membersMax":50,"statement":"One level per call: depth is 1 and only 1, and there is no whole-graph dump. pageSize 1-50 (default 10); a page limit is a cursor, never an edge. Members are listed up to 50. At most 60 traverse calls a minute per caller (runaway-loop protection, not a meter). One knowledge cutoff is served: the deploy's."},"actions":[{"verb":"unfold","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/6d3e5dfc40077b9b536d2bf4\",\"level\":\"children\"}"},{"verb":"fold","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/6d3e5dfc40077b9b536d2bf4\"}"},{"verb":"panOut","lit":false,"effect":"read","layer":"cantina","reason":"An entity is a root: it is contained by nothing. Pan out by following R."},{"verb":"follow","lit":false,"effect":"read","layer":"cantina","reason":"none on file at this cutoff"},{"verb":"receipts","lit":false,"effect":"read","layer":"cantina","reason":"receipts are the observations below this node; unfold to reach them"},{"verb":"edge","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/6d3e5dfc40077b9b536d2bf4\"}"},{"verb":"asOf","lit":false,"effect":"read","layer":"cantina","reason":"v1 serves one knowledge cutoff, this deploy's; walking an earlier cutoff needs retained history (EQ-REPLAY), which v1 does not keep"},{"verb":"switchObserver","lit":false,"effect":"read","layer":"cantina","reason":"the public record is the same for every observer; traversal through a Watch's lens is not served in v1"},{"verb":"readOriginal","lit":false,"effect":"read","layer":"cantina","reason":"no translation is applied on this node; every label is the source's own text"},{"verb":"save","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"saving applies to a configured Watch; configure one around this node first (free), then save it"},{"verb":"deliver","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"delivery applies to a saved Watch"},{"verb":"format","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"output format applies to a saved Watch"},{"verb":"deltaR","lit":false,"effect":"read","layer":"workshop","reason":"Delta R needs a saved Watch with a previous reading"},{"verb":"read","lit":false,"effect":"read","layer":"docking-bay","reason":"one-time Reads are parked until the Commander decides their shape (#938)"}]}