Brookfield Asset Management is selling one of its distressed trophy office towers in Downtown Los Angeles at a steep discount.

Consus Asset Management, an investment firm based in South Korea, has agreed to buy 777 South Figueroa Street—a 1M SF asset also known as the 777 Tower—for about $145M, which is close to half the value of a loan backed by the building.


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Jack Rogers

GlobeSt

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