Oaktree Capital Management has secured a three-year extension of a loan on a 48-story Downtown Los Angeles office tower that was featured in the 1990s hit TV show LA Law.

AIG Insurance Co. has extended until 2026 a $259M loan backed by the 914,000-square-foot office tower at 444 South Flower, which Oaktree acquired in a foreclosure sale in January.

Jack Rogers

 

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