Brookfield's appetite for trophy buildings increasingly seems like the Achillies heel of its office portfolio.
After giving up two of its trophy towers in Downtown Los Angeles in receivership earlier this year, the Canadian real estate giant is handing back the keys to a lender on the historic Brill Building, the first asset the company has surrendered in Manhattan.
Brookfield has transferred the deed to the Brill Building to Mack Real Estate Group in a transfer valued at $216M, according to a report from PincusCo.
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