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Withdrawing money
News

Nontraded REIT Redemptions Fall After Starwood Spooked Investors

... own withdrawal limit issue.  The board of directors for Brookfield’s REIT also authorized the full repayment of redemption ... FS Credit, Hines, JLL, KKR, Nuveen, Starwood, Blackstone and Brookfield.  Starwood’s announcement in May put a spotlight on these ...

Jul 22, 2024
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Brookfield’s Gas Company Tower Slated For August Auction
News

Brookfield’s Gas Company Tower Slated For August Auction

... back the property at auction. Subsidiaries of the entity Brookfield DTLA Fund Office Trust Investor defaulted on $465M worth ... a 2021 valuation of the property, according to TRD.  Brookfield’s Downtown office portfolio, which includes a collection of notable ...

Jul 22, 2024
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This Week's Bay Area Deal Sheet
News

This Week's Bay Area Deal Sheet

SALESAfter years of nixed development proposals on the site, the Richmond City Council voted last week to sell 80 acres on Point Molate, a former Navy fuel storage and transfer site overlooking San Francisco. The East Bay Regional Park District negotiated ...

Jul 21, 2024
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Brookfield Tees Up 36-Year-Old Connor Teskey As Next CEO
News

Brookfield Tees Up 36-Year-Old Connor Teskey As Next CEO

... into a $5B deal announced in 2019, Bloomberg reported. Brookfield Asset Management acquired about two-thirds of the business, ... a combined $170B in real estate assets under management.  Brookfield today has over $925B in assets under management, according ...

Jul 19, 2024
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Brookfield And China Life Plot Refinancing Of £260M London Tower
News

Brookfield And China Life Plot Refinancing Of £260M London Tower

A joint venture between Brookfield and China Life has received ... was syndicated. The notice to bondholders says that Brookfield and China Life had received a term sheet ... cover ratio of the loan is 1.57x. Brookfield and China Life bought the building for £346M ...

Jul 19, 2024
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The interior of the Neshaminy Mall in Bensalem, PA.
News

Half of Neshaminy Mall To Be Demolished To Make Way For Mixed-Use Project

... paid a reported $27.5M to acquire the site from Brookfield Properties, according to an anonymous source cited by the Philadelphia ...

Jul 18, 2024
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Tao Nightclub billboard in Las Vegas
News

Greenpoint Officials Rally To Block High-End Tao Nightclub

... crowds who formerly resided in areas of Manhattan. Developers like Brookfield and Park Tower Group have added thousands of new apartments ...

Jul 17, 2024
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brookfield asset management headquarters toronto
News

Brookfield Snaps Up Another Massive Industrial Portfolio For $1.3B

... in Dallas and 12 in Tennessee.  The deal significantly increases Brookfield’s global logistics footprint in one blow: Its existing ... 90M SF worth of projects in development. In May, Brookfield delivered a 146K SF logistics center in Pflugerville, Texas, ...

Jul 16, 2024
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$400M Loan On Brookfield's Bank Of America Plaza Moves To Special Servicing
News

$400M Loan On Brookfield's Bank Of America Plaza Moves To Special Servicing

... about a path forward for the loan and building," a Brookfield Properties spokesperson told Bisnow in an email.  Though special ... default risk”, The Real Deal reported at the time.  Brookfield has had trouble with its Downtown LA office properties over ...

Jul 12, 2024
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Flex Office Giant Bets Big On The Massive Asset Class You’ve Never Heard Of
News

Flex Office Giant Bets Big On The Massive Asset Class You’ve Never Heard Of

... WeWork. In one recent example, Instant signed a deal with Brookfield to provide 11K SF of managed office space at the ...

Jul 08, 2024
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