Colliers Markets Senior Loan on DTLA’s EY Plaza

Colliers has launched the marketing of the senior loan secured by EY Plaza, the 41-story, 968,745-square-foot office tower at 725 S. Figueroa St. in Downtown Los Angeles, on behalf of the lender. The loan is held in a single-asset, single-borrower securitization, and the property is operated under a court-appointed receiver. Offers are due in October.

The offering comes as Downtown Los Angeles office acquisition activity increasingly favors owner-users. Recent purchases by organizations, including Capital Group, Los Angeles County, Los Angeles Department of Water and Power, Southwest Carpenters Pension Trust, and L.A. Care Health Plan, have shifted nearly five million square feet of inventory toward occupant ownership.

“Buyers aren’t pricing Downtown Los Angeles as a submarket anymore. They’re underwriting each tower on its own floorplates, tenancy and owner-user potential,” said Sean Fulp, Vice Chair at Colliers. “That’s why two buildings a few blocks apart can trade at very different values.”

Alongside Fulp, the Colliers investment sales team includes Executive Vice Presidents Todd Tydlaska and Mark Schuessler and Associate Vice Presidents Jordan Garcia and Blake Hammerstein. The leasing team includes Vice Chair Matt Heyn, Executive Vice President Ian Gilbert, and Senior Vice President Kurt Davis.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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