Photo: Kevin Segal / Unsplash. Illustrative stock photograph of Century City residential towers; not The Beaudry. The tower is 95% full. Brookfield is walking away anyway. Brookfield is giving up the Beaudry, its 785-unit downtown Los Angeles tower, rather than refinance about $360 million of debt, according to The Real Deal and CRE Daily, both citing The Wall Street Journal. The $600 million building opened in April 2023. Refinancing at today’s rates would have added tens of millions of dollars…
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Brookfield’s $600 Million LA Tower Is 95% Full. It’s Walking Away Anyway.
Brookfield gives up Los Angeles’s Beaudry tower rather than refinance about $360 million of debt, despite reported occupancy of 95% at the 785-unit building.
