Carolwood’s deal to purchase EY Plaza from Brookfield’s lenders for $130 million fell through, The Real Deal has learned. The Adam Rubin and Andrew Shanfeld-helmed private equity firm’s deal collapsed, and the property is coming back to market, according to a source familiar with the matter. Servicer commentary via Morningstar Credit, indicated it was “unable to negotiate acceptable documentation with the selected buyer.” A month earlier, the special servicer said a buyer was selected, approvals were obtained and documentation had commenced. The closing had been expected last month. The deal still would have left Brookfield’s lenders underwater on the $275 […]
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