BROOKFIELD'S BIG PARTY PLANS
Zaytinya was the natural place for Brookfield's 3rd annual get acquainted party. The restaurant is not only hot like the company — the company owns the building. But unlike last year, Washington knows Brookfield now — the city’s new power player that closed on Trizec’s 4.3 million foot portfolio just this month for a 6.7 million total. President for US Operations Dennis Frederich came down from the Apple to host together with board member Linda Rabbittand local head Paul Schulman. An A list crowd ensued.
CBRE’s Rob Faktorow and Brookfield’s Dennis Frederich.
CBRE’s John Germano and Brookfield’s Paul Schulman.
Meany & Oliver’s Sharon Oliver, and Rand’s (andBrookfield’s) Linda Rabbitt.
Cassidy & Pinkard’s Bill Collins and Bob Pinkard.
Over the last couple years, Brookfield has acquired a string of top one-off properties (the Pepco building at 701 9th, 1625 I Street where O'Melveny resides, FBR’s Potomac Tower in Rosslyn, One Bethesda Center on Hampden Lane, the TSA buildings across from the Pentagon). The Trizec properties it picked up include theVictor Building and 1200 K. But look for Brookfield to gain visibility as it becomes a more active developer. Two of its current high profile projects: 322k feet with ING Clarion at 77 K, NE, and a spec second building on 36 acres it owns near Sprint Nextel at Reston Crescent. Plus, it’s re-developing some, like the old E&Y building at1225 Connecticut where it will be replacing the curtain wall and mechanical systems in addition to a number of other enhancements, transforming it from B+ to A+. Technically Brookfield is partnered in the Trizec portfolio with Blackstone, but it’s the former that manages and operates here, inheriting Trizec ’s staff of 85.
Schulman himself started with some of the Trizec properties when they were JBG’s and has morphed every eight years as they transferred owners. The Long Islander came down here in the mid-80s to the University of Maryland because he loved its sports teams. Now he oversees Brookfield’s DC region. He’ll be moving fast until next year’s party, which could be at another building they own, 1625 I: Next month New York’s hot BLT Steak opens there.