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