David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Bloomberg Name: BFLD 2020-EYP
Deal for L.A. Office Property Backing Troubled CMBS Debt Falls Through
The Real Deal Carolwood's deal to buy EY Plaza, a 920,308-square-foot office building in Los Angeles for $130 million, or $141.26/sf, has fallen through. The property is owned by an affiliate of Brookfield Properties, but is in the hands of ...
Los Angeles Office Property Backing Troubled CMBS Debt to Sell for $130Mln
The Real Deal Carolwood is in the process of purchasing EY Plaza, a 920,308-square-foot office building in Los Angeles for $130 million, or $141.26/sf. The local private equity firm is buying the property from the lenders that had provided $305 ...
S&P Whacks Ratings of 2018 Single-Borrower CMBS Deal
Standard & Poor's has downgraded the most senior bond class of a 2018 single-borrower CMBS deal to its lowest investment-grade rating, BBB-. The deal's other rating agency, Morningstar DBRS, previously had downgraded that same bond class by nine rating notches.
Appraised Value of L.A.’s E&Y Plaza Falls Further, to $150Mln
Commercial Real Estate Direct Staff Report The appraised value of E&Y Plaza in downtown Los Angeles has been lowered to $150 million, putting it 45 percent lower than the amount of debt against the 920,308-square-foot office property. The building, at ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
