Republic Plaza's Loan Default: Denver's Tallest Building Faces Uncertainty
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Denvers Republic Plaza, the citys tallest building, faces another loan default, marking the second in a year. Owned by Brookfield Properties, the fifty-six story tower is 65% leased but losing key tenants. The office market struggles post-pandemic, making refinancing or sales difficult. Brookfield bought the building in the 90s, valuing it at $480 million, but now faces challenges in Denver, including a $340 million loss on City Center towers last year. The default highlights ongoing issues in the office sector, with no immediate solution in sight.
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