Major SF Downsize (another) and Major Los Angeles Office Loan Default

Slack just announced it is giving up 230,000 sf of headquarters office space at 500 Howard St. in San Francisco and moving into Salesforce Tower. Salesforce owns Slack. Down in Los Angeles, Brookfield defaulted on $784 million in loans on two downtown Los Angeles office towers, 555 West Fifth Street and the other at 777 South Figueroa St. I have also met with major investors who have tons of cash waiting for bargains. What do you think? Jeff.Weil@Colliers.com