[[{“value”:”
**Colliers Markets Nonperforming Loan on EY Plaza in Downtown LA**
Colliers is currently marketing a $275-million nonperforming loan secured by the fee simple interest in 725 South Figueroa Street, also known as EY Plaza. The 41-story, 968,184-square-foot office tower is located in the heart of Downtown Los Angeles. The loan is being offered at a significant discount to its unpaid principal balance.
Gregg Williams of Trident Pacific Real Estate was appointed receiver when the property entered special servicing. In 2023, Williams selected Colliers to handle both leasing and management for the property, a role they continue to maintain under his receivership.
The sale is being led by Colliers’ office capital markets team, including Vice Chair Sean Fulp, Executive Vice Presidents Mark Schuessler and Todd Tydlaska, and Associate Vice Presidents Jordan Garcia and Blake Hammerstein. Leasing efforts are being overseen by Vice Chair Matthew Heyn and Executive Vice President Ian Gilbert. Colliers’ Real Estate Management Services group remains responsible for property management.
“EY Plaza represents one of the few remaining large-scale office investment opportunities in downtown Los Angeles,” said Fulp. “The lender entrusted this assignment to Colliers because of our ability to execute on the city’s most complex tower transactions. We anticipate strong engagement from global investors seeking scale and long-term value in Los Angeles.”
“}]]
