BOOM: Brookfield Defaults on Two Los Angeles Office Towers

Posted on 02/15/2023

DBRS Morningstar reported that approximately US$ 30 billion worth of commercial mortgage-backed securities (CMBS) linked to around 400 commercial properties in Los Angeles and Orange counties in California will come due by the end of 2023. DBRS Morningstar is a global credit rating agency founded in 1976. Apparently only around US$ 3.5 billion of that…

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