While labor remains tight in construction, the industry is seen as facing a high risk for layoffs this year.
The week has not been good so far for the entity, which owns six Downtown Los Angeles buildings.
Brookfield has also begun the process of transitioning its entire U.S. office portfolio to a zero emissions energy model by 2026.
The city valued the transfer of the property at 1619 Broadway at $216M.
The Canadian real estate powerhouse says the government regulator's process to sell the failed bank’s loans has lacked transparency.
It's the second building owned by the Brookfield fund to be placed in receivership.
The former weapons depot has been the target of redevelopment efforts for years.
Higher interest costs are eating into cash at Brookfield.
The market is punishing it for its real estate-heavy holdings.
The dividend taken by Center Parcs' owner is larger than that taken pre-pandemic.
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