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Values Of 2 Downtown LA Office Towers Plummet
News

Values Of 2 Downtown LA Office Towers Plummet

... 69% drop in value.  Both properties have connections to Brookfield. The Brookfield entity that owned EY Plaza handed the keys over to ... lenders in 2023. Brookfield still owns Bank of America Plaza and suggested that it ...

Nov 18, 2024
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REPORT: Another Buyer Lined Up For 777 Tower In DTLA
News

REPORT: Another Buyer Lined Up For 777 Tower In DTLA

... Observer reported, citing anonymous sources. The tower owned by Brookfield DTLA Fund Office Trust Investor is reportedly set to sell ... for distressed DTLA assets. In addition to news about Brookfield’s properties, a stalking horse bidder for the partially ...

Jul 24, 2024
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Downtown LA Office Buildings Are Selling For Huge Discounts. Tenants Aren't Getting The Same Deals
News

Downtown LA Office Buildings Are Selling For Huge Discounts. Tenants Aren't Getting The Same Deals

... spent by previous owners. “I know how much money Brookfield had invested into this building,” said Uncommon Developers Managing Principal ... for $210M in June.  Hekmat worked for previous owner Brookfield in 601 S. Figueroa for a decade before starting at ...

Oct 16, 2025
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Downtown LA's Multifamily Market Has Surpassed 2019 Occupancy
News

Downtown LA's Multifamily Market Has Surpassed 2019 Occupancy

... rent isn't cheap, either. The Beaudry, a 64-story Brookfield property that opened in 2023, is asking between approximately $2 ... -up in May over April, according to a representative for Brookfield. The neighborhood’s transformation from a 9-to-5 commuter ...

May 21, 2025
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This Week's LA Deal Sheet: San Diego Apartment Complex Sells For $67.9M
News

This Week's LA Deal Sheet: San Diego Apartment Complex Sells For $67.9M

... the McCourt Partners portfolio.  Rhodes comes to McCourt Partners from Brookfield Properties, where he served as senior vice president of ... development. During his time at Brookfield, Rhodes oversaw a pipeline of more than $5B in ...

Mar 14, 2025
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Forever 21 To Close DTLA Headquarters, Lay Off Hundreds
News

Forever 21 To Close DTLA Headquarters, Lay Off Hundreds

... Coast employees for apparel company Lucky Brand. The landlord, Brookfield Properties, did not immediately respond to a request for ... year and was acquired in 2020 by Simon Property Group, Brookfield Corp. and Authentic Brands Group.  The retailer was run ...

Feb 24, 2025
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Pasadena Family Office Pays $77M For Fullerton Office Property Leased To Raytheon
News

Pasadena Family Office Pays $77M For Fullerton Office Property Leased To Raytheon

...  sold a 12-acre site in Arcadia to Brookfield Residential, a subsidiary of Brookfield Corp., for $58.5M, the LA Business ... Journal previously reported. Brookfield plans to build 277 townhomes on ...

Sep 12, 2023
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This Week's LA Deal Sheet: Related California Planning 140 Condos In Newport Beach
News

This Week's LA Deal Sheet: Related California Planning 140 Condos In Newport Beach

... Cox, along with Josh Hayes and Eloy Covarrubias, represented Brookfield in the sale of Slover & Elm Commerce Center in ... is expected to complete later this year.  THIS AND THAT Brookfield tapped Colliers’ Integrated Advisory Services Team as the exclusive ...

Jan 03, 2025
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Gas Company Tower Now Valued At $270M, A 57% Drop From 2021
News

Gas Company Tower Now Valued At $270M, A 57% Drop From 2021

... Company Tower has been in receivership since April. Subsidiaries of Brookfield DTLA Fund Office Trust Investor defaulted on the $465M ... usage, which have resulted in owners defaulting on loans. Brookfield has been one of the highest-profile companies to ...

Jul 19, 2023
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Adidas Inks 100K SF Lease At DTLA’s California Market Center Following $250M Repositioning
News

Adidas Inks 100K SF Lease At DTLA’s California Market Center Following $250M Repositioning

... floors of two buildings at the three-building property, Brookfield Properties Executive Vice President of the Western Region Bert ... , Downtown’s offices haven’t yet boomed back. Brookfield bought a controlling interest in the California Market Center ...

Jan 11, 2022
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