The distressed, Brookfield-owned EY Plaza is back on the market after Carolwood’s $130 million deal to purchase the downtown office tower fell apart. The Real Deal previously reported the sale collapsed. It appears Colliers replaced Eastdil Secured in marketing the $275 million note tied to the property at 725 South Figueroa Street, according to an offering memorandum. The note is expected to trade at a “massive discount,” the offering stated, adding that the loan is currently classified as non-performing. The 41-story, 900,000-square-foot office tower, placed in receivership after debt default, was valued at $150 million after an appraisal last year, […]
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