Feb 14 (Reuters) - Asset manager Brookfield Corp's subsidiary is defaulting on loans related to two buildings in Los Angeles, California, a regulatory filing with the U.S. Securities and Exchange Commission showed on Tuesday.

The value of commercial office real estate has dropped since the pandemic as companies shift towards remote work, leading to heavy vacancies at full-scale workplace buildings. Rising interest rates have also piled pressure on real estate investment trusts (REITs) and soured loan demand.

The two properties, part of Brookfield DTLA Fund Office Trust Investor's portfolio, are 777 Tower and Gas Company Tower, with debts around $290 million and $465 million, respectively.

Brookfield did not immediately respond to a Reuters request for comment. (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)