Lowell Baron is replacing Brian Kingston, who has led BAM's real estate arm since 2015.
Brookfield is continuing an acquisition spree that kicked off last year with more than $106B in ready-to-deploy dry powder.
Brookfield Properties wants to create a more nimble business segment as it evolves beyond a focus solely on holding assets, according to an internal memo.
In addition to a fixed-rate, five-year $985M loan, Brookfield is expected to secure another $265M in debt.
The venture bought the office building at 175 W. Jackson Blvd. for $41M, 87% less than the $306M Brookfield Asset Management paid for the property in 2018.
GIC, Singapore's sovereign wealth fund, is negotiating a deal to sell its 71% stake in Yes Communities, which has 300 communities across the U.S.
Brookfield is primed to sell its storied Citypoint building in a deal that suggests investors are turning to older London assets amid constricted supply.
Centersquare formed in 2024 as part of a merger with a company controlled by Brookfield Infrastructure Partners. The new entity now owns 80 data centers.
Brookfield plans to invest $5B to deploy Bloom Energy's fuel cell technology to provide on-site power to AI data centers.
Brookfield Asset Management and its Canadian parent company will pay cash and stock to finish a buyout of Oaktree Capital Management that started in 2019.
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