The New York manager acquired the property at 444 South Flower at a UCC auction in January.
MetLife, PacLife and Bank ABC were also part of the syndicate for the SL Green-owned property.
Brookfield also defaulted on a pair of Los Angeles office properties in February.
A look at Trinity Real Estate Investments and Credit Suisse Asset Management’s $835 million purchase of the Diplomat Beach Resort.
Market specialist Malcolm Davies at WAY Capital believes there is a need for more pragmatism and creativity around office conversion projects.
More debt investors are looking at financing office-to-residential conversions.
The firm is watching central bank activity across markets closely as well as recession indicators.
C-PACE financing continues to gain momentum, while the office sector appears to be approaching crisis.
Berkadia arranges refinancing for Rose & Berg’s new office and retail project in trending Wynwood locale.
New York manager targeting more multifamily, select office opportunities in South Florida.