Downtown Los Angeles isn’t what it used to be — and it seems no one knows that better than Brookfield, which now is looking to dispose of four distressed office buildings that account for nearly one-fifth of the Class A space in the Financial District. The commercial giant has ceded control of some ailing offices to a court-appointed receiver, sold some at steep discounts — and it still has plenty in play. Brookfield and its lenders (and receivers and special servicers) are peddling four active offerings that totals about 4.9 million square feet of Class A office space in the […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico