The Real Deal New York

Dennis Friedrich to resign as CEO of Brookfield Property Partners’ global office arm

Firm’s growing complexity would diminish his future role: report

January 05, 2016 10:07AM

Dennis Friedrich and Brookfield Place in the Financial District

Dennis Friedrich and Brookfield Place in the Financial District

Dennis Friedrich, CEO of Brookfield Property Partners’ global office division, plans to step down next week.




Behind the story:

Brookfield Property Partners

The executive, who oversaw the firm’s 115 million-square-foot international office portfolio, saw his future role at the firm diminishing in the face of its rising complexity and interconnectivity, sources told the New York Post.

“It was amicable,” a source told the paper. “He has a strong relationship with Global Office Division Chairman Ric Clark. There were no skeletons.”

He’ll leave his post on Jan. 15, the Post reported.

Friedrich was promoted in 2012 from a position as the COO of Brookfield Office’s U.S. division. The firm was later absorbed by its parents, Brookfield Property Partners, itself a subsidiary of Toronto-based Brookfield Asset Management.

He oversaw the creation of the the more than 7 million-square-foot mixed-use complex in the Financial District known as Brookfield Place. He also oversaw preparations for Manhattan West, a 5.4 million-square-foot mixed use development planned for Hudson Yards. [NYP, second item]Ariel Stulberg

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