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FinanceIndustry NewsLos AngelesResidential

Brookfield Walks Away From $600MM, 785-Unit Beaudry Tower in Downtown LA Rather Than Refinance $360MM Loan

Brookfield is surrendering the 64-story Beaudry, one of the tallest apartment towers in California, less than four years after it opened, leaving Apollo-owned...

LA skyline
CommercialFinanceIndustry NewsLeasingLos Angeles

Colliers Markets Defaulted Senior Loan on 969,000 SQFT EY Plaza as Owner-Users Reshape Downtown Los Angeles

Colliers has begun marketing the senior loan secured by EY Plaza, the 41-story Financial District tower operating under a court-appointed receiver, as a...

For sale sign
FinanceIndustry NewsLos AngelesRetail

JH Real Estate Partners Lands FIGat7th in High-$60MM Deal as Brookfield Exits Downtown LA Retail

Newport Beach-based JH Real Estate Partners has acquired the 330,000-square-foot FIGat7th retail center in Downtown Los Angeles from Brookfield for a price in...

facade of a building
CommercialFinanceIndustry NewsLeasingLos Angeles

Essapour Wins Defaulted $27MM Note on 153,758-SQFT 626 Wilshire Office Tower in Downtown LA

A Los Angeles investor steps into the lender position on Barker Pacific Group's Financial District tower, where a global data-center anchor and a...

Downtown Los Angeles Arts District
CommercialFinanceIndustry NewsLos Angeles

Brookfield’s Downtown LA Empire Crumbles as 1.4MM SQFT Bank of America Plaza Debt Hits Market

Latest distressed offering signals deepening crisis in nation's most troubled office market Another trophy tower in Brookfield Asset Management's downtown Los Angeles portfolio...

Downtown Los Angeles Arts District
CommercialFinanceIndustry NewsLos AngelesResidential

Pustilnikov, Partners Acquire PacMutual’s 460,000 SQFT Downtown LA Office Campus for $48.5MM

A trio of investors, including housing provocateur Leo Pustilnikov, just paid $48.5 million for a historic office campus that sold for $200 million...

Downtown Los Angeles Arts District
CommercialFinanceIndustry NewsLos Angeles

Colliers Lands $275MM EY Plaza Downtown LA Tower Loan Listing as Office Market Seeks Bottom

The commercial real estate giant's exclusive listing of EY Plaza's distressed loan signals potential opportunities amid market downturn Colliers has secured what could...

AIDS Healthcare Foundation, Skid Row, Skid Row Housing Trust, Skid Row, Los Angeles, Los Angeles City Council
CommercialFinanceIndustry NewsLos Angeles

Rising Realty Partners Defaults on $300MM One California Plaza in Downtown Los Angeles Receivership

The towering glass facade of One California Plaza once symbolized downtown Los Angeles's aspirations as a thriving business hub. Today, the 42-story office...

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AECCommercialFinanceIndustry NewsLos Angeles

Los Angeles Office Market Sees Mixed Signals as Trophy Assets Outperform and Construction Hits Multi-Year Low

The Los Angeles office market offered a mixed outlook in the first quarter of 2025, as ongoing economic headwinds and persistent hybrid work...

CommercialFinanceIndustry NewsLos Angeles

Carolwood to Acquire the 920,000 SQFT EY Plaza for $130MM in Downtown LA Deal

Carolwood is set to buy the distressed EY Plaza in downtown Los Angeles for $130 million, closing in June. This acquisition reflects a...

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CommercialFeaturedIndustry NewsLos Angeles

Brookfield’s EY Plaza & Bank of America Plaza in LA See Valuations Drop by Two-Thirds Amid Market Woes

The value of two iconic office towers in Downtown Los Angeles, owned or tied to Brookfield, has plummeted dramatically, reflecting a broader struggle...

Screenshot 2024-07-15 at 9.57.55 AM
FinanceIndustry NewsLos Angeles

Brookfield Asset Management $400MM Loan Transferred to Special Server

By Lilly Riddle The Bank of America Plaza, a symbol of Los Angeles' financial district, is facing challenges as its owner, Brookfield Asset...

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