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This Week’s D.C. Deal Sheet: Another Office Building Sells At Steep Discount
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This Week’s D.C. Deal Sheet: Another Office Building Sells At Steep Discount

... a 120K SF office property in Alexandria, Courthouse Square, from Brookfield Properties.  SALES A 16-story office property in Bethesda, formerly ... Journal reported. The price amounts to $153 per SF. London-based Epic Ltd. was the seller. It acquired the 1981 ...

Jan 05, 2024
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WeWork exterior
News

WeWork, IWG Stock Drops Outpace Market With Investors Wary Of Risk

... next year. WeWork scored a three-year, $350M loan from Brookfield Asset Management in May, and Goldfarb said the lender “knows ... net loss of $635M.  IWG, which is listed on the London Stock Exchange, doesn't have the same analyst or disclosure ...

Sep 29, 2022
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London’s Law Firms Start To Work Out Their Future Office Needs
News

London’s Law Firms Start To Work Out Their Future Office Needs

... . Last week, Clifford Chance appointed Cushman & Wakefield to review its London property strategy, ahead of a lease expiry in 2028. The ... Street in the City, a move that will allow developer Brookfield to kick-start development of the 681K SF scheme. It ...

Mar 19, 2021
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Switcheroo: UK Retail Assets Rise In Value As Offices Decline
News

Switcheroo: UK Retail Assets Rise In Value As Offices Decline

... or that some retail warehouses can become distribution centres. Brookfield and M7 Real Estate have both spent more than ... . “Meanwhile, office sector values, especially outside of central London, continued to drift downwards. In May, retail reported greater ...

Jun 09, 2021
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Convene Wants To Expand In The UK By Taking Over Dead Retail Space
News

Convene Wants To Expand In The UK By Taking Over Dead Retail Space

... of Fraser department store into flexible office space in west London, and John Lewis has applied for planning permission to ... Avenue at Brookfield’s eponymous Brookfield Place and now operates it as one of its largest U.S. locations.  In London, Convene has ...

Sep 23, 2020
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These Investors Still Believe In Offices And Are Showing It By Shelling Out Cash
News

These Investors Still Believe In Offices And Are Showing It By Shelling Out Cash

... stake in a portfolio of three London offices valued at £400M.  Brookfield Canadian giant Brookfield’s chief executive, Bruce Flatt, thinks ... , he is clearly talking his own book, with Brookfield maintaining huge office holdings across the world. The firm ...

Aug 25, 2021
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Glenwood Management's luxury condo building at 1930 Broadway, across from the Lincoln Center in Manhattan, has installed carbon capture systems as it attempts to cut its carbon footprint ahead of Local Law 97 implementation next year.
News

Carbon Capture Tech Can Cut NYC Buildings' Emissions, But Not Their Local Law 97 Fines

... faces $81K in fines, leaving Glenwood Vice President Joshua London unsure how to reduce the property’s energy usage ... most efficient properties. Those that can afford to, like Brookfield Properties’ One Manhattan West and JPMorgan Chase’s new headquarters ...

May 05, 2023
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Leisure
News

Brookfield’s Centre Parcs Can’t Find Staff, But Still Makes Record Profit

... Parcs, the holiday village company owned by Brookfield, has revealed a record half-year ... £235M in the same period in 2019.  Brookfield made £160M available to the company during the ... in West Sussex, to the south of London. It said it is in the preliminary ...

Nov 17, 2021
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Convene CEO Ryan Simonetti
News

Flex Office And Events Company Convene Lays Off Dozens, Closes Chicago Office

... as of Wednesday morning. It also operates a location in London. It is likely that more than 54 Convene workers lost ... in private investment, including from some of its landlords, like Brookfield, RXR Realty, BlackRock and Hudson's Bay Co. In March ...

Dec 21, 2022
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£420M Post-Pandemic Office Purchase Is Not Actually About Offices
News

£420M Post-Pandemic Office Purchase Is Not Actually About Offices

... of offices in Slough, to the west of London, to a data centre operator for around ... and draws interest because of its proximity to London.  AEW bought the estate in 2015 for ... not the main appeal of the deal. Brookfield paid TPG £714M for business park owner ...

Sep 16, 2021
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