Valley National Bank is selling the portfolio of property loans to Brookfield Asset Management at a roughly 1% discount of the debt's value.
Construction should start next summer on the firm's first project.
Brookfield Properties transferred ownership of the four-building Houston Center office campus to a joint venture of AustralianSuper and Stream Realty Partners.
Brookfield Properties' losses have reduced as valuation drops slow
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.
Brookfield Properties is betting on a rebound in apartment demand as construction starts slow.
The loan on the Natick Mall was transferred to special servicer Situs after hitting its maturity date in November.
The top sales, leases and financing deals in New York City this week.
The mall owner secured the extension through 2026 after the loan matured and was transferred to special servicing in the fall.
The partnership is part of the administration's effort to increase energy independence in the U.S.
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