therealdeal.com
3 months agoThorofare Capital Lists DTLA Buildings in Foreclosure Sale
Thorofare Capital has launched a foreclosure sale for two historic office buildings in Downtown Los Angeles after Livwrk defaulted on a $17.5 million loan.
The two-building property at 800 and 810 Traction Avenue, known as AtTraction, is listed for sale with the price not disclosed.
Livwrk, the New York-based developer, bought the buildings in September 2021 for $19.5 million and planned to overhaul them into Class-A office and lifestyle project. [ more ]