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Jun 1 β€’ 6 tweets β€’ 3 min read Twitter logo Read on Twitter
πŸ”Ί Real Estate Giant Defaults on over $1.1B in Debt πŸ”Ί

Brookfield, a major real estate firm, is facing huge losses in its Downtown L.A. office portfolio, defaulting on over $1.1B in related debt. #RealEstate #LosAngeles A photo illustration of Bro...
🏒 The company has lost two prominent assets, the Gas Company Tower and EY Plaza, to court-appointed receivers as the pandemic continues to challenge the office real estate market. #Pandemic #RemoteWork
πŸ“‰ #Brookfield's Downtown L.A. office portfolio saw occupancy drop to 77.2% at the end of 2021, and around 30% of all office space in the area is now vacant. #OfficeSpace
πŸ’Έ Rising interest rates are also impacting Brookfield's ability to service debt, making it more expensive to maintain its struggling office properties. #InterestRates #Debt
πŸ™οΈ The company's decision to walk away from some of its Downtown L.A. office assets could signal decreasing interest in the area as a prime office location. #DowntownLA

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More from @LAmag

Jun 2
🌈Did you know that @TheAbbeyWeHo, the iconic gay bar in West Hollywood, started as a humble coffeehouse in 1991?

Explore the history of this vibrant venue below. #TheAbbey #WeHo #LGBTQ (1/8) Image
β˜•οΈ Owner David Cooley relied on community outreach, providing cookies for nearby support groups, fostering loyalty and making The Abbey a meeting spot for HIV/AIDS activists. #TheAbbey #Community (2/8)
πŸ³οΈβ€πŸŒˆ In the mid-1990s, The Abbey transitioned into a gay bar, creating an inclusive space to enjoy LA's diverse queer community and becoming an iconic LGBTQ+ establishment. #TheAbbey #GayBar #Inclusion (3/8)
Read 9 tweets
Jun 2
πŸ³οΈβ€πŸŒˆ Anheuser-Busch extends partnership with the National LGBT Chamber of Commerce and donates $200,000 for the second consecutive year, despite backlash. #BudLight #LGBT ⬇️ Image
πŸ’° The donation will support the NGLCC's Communities of Color Initiative, promoting LGBTQ+-owned businesses across the country. #NGLCC #supportLGBTQ
πŸ“‰ Amid boycott attempts, Bud Light sales have dipped over recent months as conservatives and anti-LGBTQ+ criticize the company's actions. #BudLightBacklash
Read 5 tweets
Jun 1
Introducing Or Bar, a luxurious new gay bar in West Hollywood 🍸 This retro-style lounge offers daily happy hours, a morning coffee program, and an inclusive environment for all. TOAST OF THE TOWN. Or Bar p...Image
Or Bar's goal is to foster conversation and connection among patrons πŸ’¬ DJs are only on weekends, leaving the space open for patrons to bring their dogs, laptops, or just good company. Image
With inclusivity in mind, Or Bar welcomes both LGBTQ+ and straight patrons 🌈 The establishment aims to create a sense of community in the neighborhood. Image
Read 4 tweets
Jun 1
BREAKING: Disney completes its third round of job cuts, reaching its goal of 7,000 layoffs. The cuts focused heavily on media divisions, leaving the parks largely untouched. [1/5] Image
πŸ’°The Mouse House's aim is to achieve around $5.5 billion in cost savings with these layoffs, of which $2.5 billion consists of "non-content costs" including labor. [2/5]
🌎 The company reportedly still plans to eliminate more roles internationally over a period of time, but has hit the benchmark it set in February. [3/5]
Read 6 tweets
Jun 1
LA County's Deputy Jaime Juarez accused of having ties to the 'Executioners' gang, a group of law enforcement members. [1/5] In the Superior Court of Ca...Image
His tattoo, depicting a helmet-wearing skeleton gripping a rifle, is allegedly linked to the notorious deputy gang. [2/5]
This revelation surfaced during a civil trial involving a former Sheriff's Lt. Larry Waldie's alleged retaliation against the county. [3/5]
Read 6 tweets
Jun 1
🎢 Explore the surreal world of Hugh Syme’s iconic album cover art in a month-long exhibition at Musichead Gallery, Los Angeles. ImageImage
πŸͺ„ Known for his "improbable reality", Syme has created album covers for rock bands like Rush, Bon Jovi, Def Leppard, & Stone Sour.
🐘 From cow nipple rings to playful elephants, his surreal imagery often doesn't feature musicians but a world of imagination.
Read 8 tweets

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