TSX:BPO.PR.A - Post by User
Comment by
Carenaon Mar 27, 2024 7:51pm
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Post# 35956882
RE:Los Angeles Office tower
RE:Los Angeles Office towerHi there,
Thanks for posting.
Things are moving along. Would be interesting to know who bought it.
It doesn't really matter but they are naming BAM (which means a BSREP fund) but the link below shows 777 Figuero in BPY's DTLA structure (that being related to the pref share that collapsed last year).
https://www.sec.gov/Archives/edgar/data/1575311/000157531122000020/dtlapr-20220930.htm#i248adbccff20443a9aad00e3454948f2_85
Either way, the bank(s) takes the pain. (and BPO and BPY pref holders took pain also).
Have a good night,
Carena