Brookfield Properties Sells Denver Office Towers at Substantial Loss

November 7, 2025 - 00:46

In a significant move, Brookfield Properties has divested two office towers in downtown Denver for a combined total of $57.4 million. This sale represents a staggering 86% loss from the original purchase price of $395 million, which was paid in 2020.

The decision to sell comes amid a challenging commercial real estate market, particularly for office spaces, as the demand for traditional office environments continues to wane in the wake of remote work trends. The substantial loss underscores the shifting dynamics in the real estate sector, where many investors are grappling with declining property values and rising vacancy rates.

While the sale may provide Brookfield with some liquidity, it also raises questions about the future of commercial real estate in urban centers like Denver. As companies reevaluate their office space needs, the implications for landlords and investors could be profound, leading to further adjustments in the market.