Oaktree Secures $258.8M Loan Extension For 444 Flower St Office Building In Los Angeles

Oaktree Capital Management has taken over the distressed 444 South Flower Street building in Downtown Los Angeles and secured a $258.8 million loan extension. Located at 444 Flower St, Los Angeles, CA 90071, USA, the office property is set to undergo revitalization under the management of leasing agents from JLL and CBRE.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $258,800,000.00
• Address: 444 Flower St, Los Angeles, CA 90071, USA

The distressed building, now under the ownership of Oaktree Capital Management, has received a significant loan extension worth $258.8 million. This strategic move allows Oaktree to attract potential tenants and revitalize the office project. With JLL and CBRE serving as leasing agents, the property is well-positioned to undergo a transformation, benefiting both Oaktree and the Downtown Los Angeles market.