- Published at
- by 247wallst.com
negative
negative
It Looks Like Brookfield Has an LA Problem – 24
Brookfield Asset Management’s (US:BAM) real estate subsidiary, Brookfield Property Partners (CA:BPYP-A), recently defaulted on $275 million of CMBS (commercial mortgage-backed securities) underpinning the financing on its 41-story office tower at 725 South Figueroa St. in downtown Los Angeles. It is the second office tower in Los Angeles that Brookfield has defaulted on. So how […]