The Dec. 20 foreclosure auction was initiated by Heitman, the lender based in Chicago.
More than 20 percent of all Los Angeles office loans, or 59.3 million square feet, are slated to mature between 2023 and 2025, according to Bisnow.
Coretrust Capital owns the 915,000-square-foot building known as FourFortyFour South Flower and office buildings in Philadelphia and Virginia.
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