Brookfield Asset Management’s $400 million loan for the 1.4 million-square-foot Bank of America Plaza in downtown Los Angeles has been transferred to a special servicer due to anticipated difficulties in repaying the debt. The building, at 333 South Hope Street, faces a significant occupancy drop below 70% as major tenants, including Sheppard Mullin and Alston & Bird, plan to vacate. The office market in downtown LA remains pressured with a 32% vacancy rate.
333 South Hope Street
