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9/05/25
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The $275 mil non-performing loan secured by the fee simple interest in Downtown Los Angeles’ 725 S. Figueroa Street—also known as EY Plaza— is being offered for sale. The 41-story, 968.2k sf office tower is located at the corner of Figueroa and 7th St, adjacent to the east side of the 110 Fwy.
Gregg Williams of Trident Pacific Real Estate, appointed receiver when the property transferred to special servicing, awarded Colliers the leasing and management assignments in 2023. Colliers’ Sean Fulp, Mark Schuessler, Todd Tydlaska, Jordan Garcia and Blake Hammerstein are overseeing this loan sale, while Williams continues to act as receiver. Colliers’ Matthew Heyn and Ian Gilbert have been handling the property leasing while Colliers’ Real Estate Management Services team oversees property management.
We’ve been told that the loan will be sold at a significant discount to its unpaid principal balance of $275 mil. Although there is no asking price, the most recent appraisal was $150 mil ($155/sf).
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