German Banks Look to Offload Troubled Loan on LA Office Tower

German lenders are looking to sell a non-performing loan on the CalEdison Building in downtown Los Angeles, which has struggled to attract tenants.

Deutsche Pfandbriefbank AG and Münchener Hypothekenbank eG are seeking a buyer for the loan backed by the office tower at 601 W. Fifth St., according to people familiar with the plans who asked not to be named because the process is private.