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Valley National Bank is selling the portfolio of property loans to Brookfield Asset Management at a roughly 1% discount of the debt's value.
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Construction should start next summer on the firm's first project.
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Brookfield Properties transferred ownership of the four-building Houston Center office campus to a joint venture of AustralianSuper and Stream Realty Partners.
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Brookfield Properties' losses have reduced as valuation drops slow
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Brookfield's Berlin blueprint has not only been used to transform an iconic city location but also points to the future direction for mixed-use schemes.
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Brookfield Properties is betting on a rebound in apartment demand as construction starts slow.
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The loan on the Natick Mall was transferred to special servicer Situs after hitting its maturity date in November.
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The top sales, leases and financing deals in New York City this week.
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The mall owner secured the extension through 2026 after the loan matured and was transferred to special servicing in the fall.
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The partnership is part of the administration's effort to increase energy independence in the U.S.
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