South FloridaJan 31, 2025Henderson Park-led JV takes over PGA National Resort in $400M-plus dealPartnership buying Palm Beach Garden’s hotel and golf courses includes Salamander Collection and South Street Partners
South FloridaDec 2, 2024Simon, Brookfield face tough road ahead for their South Florida zombie mallsOwners of Miami International Mall and Pembroke Lakes Mall could have difficulty refinancing nine-figure loans on both properties
South FloridaOct 28, 2024Auto dealers Ali and Faisal Ahmed jump into South Florida’s industrial market, buying Miami Lakes warehouse for $38MBrookfield sold industrial facility for $16M above its purchase price in 2020
New YorkJun 24, 2024Brookfield lands huge refi for 1 Liberty PlazaInvestment giant secures loan from Morgan Stanley after buying minority stake in property from Blackstone
ChicagoMar 7, 2024Brookfield pays $98M for industrial assets in Chicago suburbsDWS sold two Bolingbrook properties and one in Romeoville
San FranciscoJan 25, 2024Brookfield’s SF apartment buy leads to “massive loss” for investors Bondholders lose 50% plus, in part from “extremely unique” $200M holdback
San FranciscoJan 18, 2024Brookfield forecloses on 2,150-unit Veritas portfolio with uncontested $464M bid“Unprecedented” foreclosure sale on sidewalk near City Hall ends year-long default saga for SF’s largest apartment owner
New YorkJan 10, 2024Brookfield’s protest on Signature loan sale peters outFirm plans no legal action after FDIC chose Related’s low-ball bid
New YorkDec 12, 2023Brookfield: Picking Related’s bid for Signature loans is illegalReal estate giant calls foul on FDIC’s “secret” auction
NationalNov 1, 2023Brookfield scoops up handful of data centers for $775MFirm bets on high-demand assets, capitalizes on owner distress
South FloridaOct 18, 2023Brookfield’s $260M Pembroke Lakes Mall loan watchlisted, credit rating downgradedNet cash flow is down 28% over past decade, according to KBRA report
South FloridaOct 16, 2023Lease roundup: Pebb’s Sundy Village in Delray Beach, CP’s Miami Tower score tenantsPlus: A private school will open at Shoppes at Yamato Corner
NationalOct 6, 2023S&P eyes slashing Brookfield Property Partners’ credit ratingCompany faces “heightened refinancing risk,” junk status
Los AngelesJul 19, 2023Brookfield’s Gas Company Tower in receivership sees almost 60% value cut52-story tower now appraised at less than $200 a square foot
South FloridaJul 13, 2023Brookfield scores $136M refi for Hilton Fort Lauderdale Marina Toronto-based global asset manager secured two-year, floating-rate interest only loan for 595-room property
Tri-StateJun 16, 2023Debt problems surface at crop of Brookfield mallsNew Jersey’s Woodbridge Center in foreclosure, seven more in distress
NationalJun 6, 2023What office woes? Brookfield targets $15B real estate fund Asset manager raising cash for fifth fund after string of loan defaults
Los AngelesMay 30, 2023Brookfield gives up on DTLA office after defaulting on $1.1B in debtLandlord faces “double whammy” of rising finance costs and falling tenancy
New YorkMay 26, 2023Affordable housing is a go at 5WTC — for higher earnersPort Authority, Hochul add 60 income-restricted units but raise AMI thresholds
NationalMay 22, 2023Blue-chip investors driving CRE defaultsHigh-powered more likelty to cut ties on losing commercial assets