Jamison dominates downtown L.A. distress as Brookfield falls through
Local Jamison bounces back after Brookfield's EY Plaza and 811 Wilshire deals fall through, leaving the developer facing foreclosure.
It's been a rocky few weeks for downtown L.A. real estate, with two major deals falling through and leaving developers scrambling. The Real Deal was the first to report that a sale of the Brookfield-owned EY Plaza to Adam Rubin and Andrew Shanfeld was off the table, putting the non-performing loan on the 920,000-square-foot tower back on the market.
But the distress didn't end there. Our scoop revealed that a deal for 811 Wilshire, owned by Jamison, also fell through, leaving the developer in default and facing foreclosure on the 337,000-square-foot property. With these two major deals collapsing, it's anyone's guess what next week will bring for the downtown L.A. market.
While it's too soon to tell who will come out on top in this high-stakes game, it appears that local Jamison may have the upper hand compared to global Brookfield. But as always, stay tuned to TRD for the latest updates and behind-the-scenes insights.
https://therealdeal.com/la/2025/09/13/811-wilshire-faces-foreclosure/