Brookfield faces foreclosure threat on Brooklyn tower in divided New York office market

Rialto Capital kicks off proceedings to seize downtown property amid alleged loan default

Brookfield acquired the 115 Myrtle Ave. office building in Brooklyn, New York, as part of a multibillion-dollar portfolio deal in 2018. (CoStar)

CoStar News

August 27, 2025 | 9:06 P.M.

New York City is leading the nation's office market recovery, but not every neighborhood is enjoying the rebound.

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