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Brookfield's Downtown L.A. Gas Company Tower in Receivership

Lenders Citi, Morgan Stanley get court order clearing way for sale.

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Canadian real estate giant Brookfield is poised to lose the highest-profile asset in its Downtown Los Angeles office portfolio.

The 54-story Gas Company Tower has been placed in receivership by the Los Angeles Superior Court after CMBS lenders Citi Real Estate Funding an Morgan Stanley filed a lawsuit asking the court to appoint a receiver to pave the way for the sale of the property, in lieu of a bankruptcy proceeding.

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Jack Rogers

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