Los Angeles sees 4 downtown office skyscrapers in distress with billions in defaulted loans, bids expected far below debt balances. Manufacturing & CRE Construction spend peaked over a year ago
“4 distressed office buildings in Los Angeles, California. Brookfield and its lenders (and receivers and special servicers) are peddling four active offerings that total about 4.9M SF of Class A office space in the Financial District, roughly 18% of the total inventory. EY Plaza: Colliers is marketing the $275M, non-preforming note tied to the property …