DOWNTOWN BROOKLYN — Brookfield Properties faces foreclosure at 115 Myrtle Ave., a 19-story tower in the Brooklyn Commons, formerly MetroTech, campus, after defaulting on a $132.7 million loan, the Commercial Observer reported .

Special servicer Rialto Capital Management filed the suit in state Supreme Court, alleging Brookfield failed to pay the balance due by the Sept. 1, 2023, maturity date. The loan, originally of $170 million, was taken in 2013 by previous owner Forest City Enterprises, before Brookfield acquired the property in 2018.

Brookfield called the asset “immaterial” to its global business, noting nearly $15 billion in realizations this year. Rialto did not comment.

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