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The Grace Building in Midtown Manhattan
News

Brookfield Raked In Cash From Asset Sales, But Lost $2B In 2020 On Valuation Drops

... average interest rate of about 2%.  For its main businesses, Brookfield said that the situation was improving, pointing to the fact ... , so they are just not making decisions,” he said.  Brookfield also announced that Chairman Ric Clark had left the company ...

Feb 02, 2021
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The Vanbarton Group's 160 Water St., which is slated for conversion to a multifamily building.
News

Brookfield Lends $273M For Lower Manhattan Office-To-Resi Conversion

... Group’s Financial District residential conversion has a financial backer. Brookfield Real Estate Financial Partners has agreed to a $272.5M ...

Aug 31, 2022
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666 Fifth Ave
News

Brookfield Bails Out Kushner at 666 Fifth Ave. With 99-Year Ground Lease Deal

... building in a joint venture agreement. This arrangement, which Brookfield confirmed in a press release Friday, means the Kushner ... fully leased to Amazon, Whole Foods and JPMorgan Chase. Brookfield reportedly plans to invest $600M to renovate 666 Fifth  ...

Aug 05, 2018
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Brookfield Joins $35M Funding Round For Property Operations Platform Facilio
News

Brookfield Joins $35M Funding Round For Property Operations Platform Facilio

...  Dragoneer Investment Group that included equity from new investor Brookfield Growth, as well as existing investors Tiger Global Management ... it's incredible to be a partner in their journey,” Brookfield Managing Partner Josh Raffaelli said in a statement. “ ...

Feb 22, 2022
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Brookfield Buying Forest City In $11.4B Deal
News

Brookfield Buying Forest City In $11.4B Deal

... operating and development assets over its 100-year history,” Brookfield Property Group CEO Brian Kingston said in a statement. ... said it had attracted interest from 50 potential buyers. Brookfield and Equity Commonwealth were reportedly talking to the company ...

Jul 31, 2018
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Brookfield Chairman Ric Clark On The GGP Takeover And The Future Of American Malls
News

Brookfield Chairman Ric Clark On The GGP Takeover And The Future Of American Malls

... on Thursday. As part of the sale, Brookfield is creating a new REIT, which will ... 40% more than GGP's current dividend. Brookfield already owns 34% of GGP, and the ... the shareholders gift that arbitrage to Brookfield and award a very valuable management fee ...

Apr 01, 2018
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Rendering of the Manhattan West development
News

Brookfield Will Build New York's First Pendry Hotel At Manhattan West

... with four office buildings and the Eugene apartment building, Brookfield plans to incorporate a hotel in its development on Manhattan ... restaurant, an open-air bar and event and meeting space. Brookfield plans to break ground on the Skidmore, Owings & ...

Jun 04, 2018
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Brookfield's Forest City Buy Just The Latest In Undervalued Asset Shopping Spree
News

Brookfield's Forest City Buy Just The Latest In Undervalued Asset Shopping Spree

... Evercore ISI Senior Managing Director Sheila McGrath, who covers Brookfield Property Partners. Forest City still owns MetroTech in Downtown ... Brooklyn, a landmark office project for the borough. Brookfield recently entered the borough with plans to build more ...

Aug 01, 2018
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The glass atrium at Brookfield Place in Lower Manhattan
News

Brookfield Plans $5B Retail Rescue Investment Fund

... invest in retailers faltering during the coronavirus pandemic. Brookfield launched the Retail Revitalization Fund, funneling noncontrolling capital ... because of their locations. In New York, Brookfield owns several large mixed-use buildings in Lower ...

May 08, 2020
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HFF CEO Mark Gibson Brookfield Property Group chairman Ric Clark
News

Brookfield Properties CEO To Be Named Head Of Downtown Alliance

... District comprising much of Lower Manhattan, will reportedly name Brookfield Properties Chairman Ric Clark as its next chairman. Clark ... run for re-election, the New York Post reports. Brookfield's repositioning of the World Financial Center into retail ...

Jun 20, 2017
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