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Saturday, 05/20/2023 11:43:55 AM

Saturday, May 20, 2023 11:43:55 AM

Post# of 247
>>> Brookfield's Downtown L.A. Trophy Towers Falling Like Dominoes

Payments now have been missed on a $275 million loan for the 41-story EY Plaza.

By Jack Rogers

May 18, 2023

A year ago, Brookfield Property Partner’s downtown Los Angeles office portfolio encompassed 8 million square feet, including four of the city’s highest-profile trophy towers. It was not a stretch to say that the Canadian REIT dominated the downtown Los Angeles skyline.

What a difference a year makes: Brookfield has now defaulted or missed payments on collateralized mortgage backed security loans encompassing more than $1 Billion that are backed by three of its largest downtown Los Angeles office trophies...



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