Loan on distressed Brookfield-owned DTLA office tower sells for $115M
A distressed loan tied to Brookfield’s Wells Fargo Center South Tower in downtown LA changed hands for $115 million. The sale of the note on the office property reflects ongoing pressure in the commercial real estate market. LA entrepreneurs should watch how such deals affect leasing costs and financing availability in the central business district.
Read the full story at The Real Deal →
Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to The Real Deal; we do not republish the article.