S&P Mulls Downgrading Brookfield Property Partners To Junk Status, Citing Debt
Brookfield Property Partners defaulted on several loans this year as commercial values slumped.
Brookfield Property Partners defaulted on several loans this year as commercial values slumped.
Brookfield is putting the finishing touches on 1,379 units in Mott Haven, with 30% set aside as income-restricted.
Brookfield has won a bidding war with DigitalBridge to buy the Dallas data center developer, reportedly valued at more the $5.5B.
Brookfield's plan to lease up German apartments has been hit by rising construction and labour costs.
Brookfield capitalizes on investor demand for manufactured housing by selling 19 of its communities.
The firm also completed $4B in financing in its office portfolio in the first quarter.
Brookfield said its building maintenance and operations staff will transition to CBRE.
The Citypoint tower is 18% vacant and has £460M of debt secured against it.
Brookfield has backed away from office and retail properties lately but seems ready to spend big on multifamily.
Brookfield refinanced about 10% of the debt it has maturing in the next two years.
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