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

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

New York /
Jan.January 05, 2016 10:07 AM

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


Related Articles

arrow_forward_ios
Brookfield weighs $1.5B hotel portfolio sale
Brookfield weighs $1.5B hotel portfolio sale
Brookfield weighs $1.5B hotel portfolio sale
Brookfield, Ravitch ink $582M deal for Waterside Plaza
Brookfield, Ravitch ink $582M deal for Waterside Plaza
Brookfield, Ravitch ink $582M deal for Waterside Plaza
Bruce Flatt of Brookfield Asset Management & 9 MetroTech Center (brookfield.com)
Brookfield puts MetroTech assets on the market
Brookfield puts MetroTech assets on the market
Brookfield Asset Management CEO Bruce Flatt (Brookfield, iStock)
Brookfield expects to make $25B from real estate portfolio
Brookfield expects to make $25B from real estate portfolio
Brookfield Reinsurance CEO Sachin Shah and Brookfield Property Partners CEO Brian Kingston (Brookfield)
Brookfield bets big on insurance as real estate investments ebb
Brookfield bets big on insurance as real estate investments ebb
Brookfield CEO Bruce Flatt with Sunrise at Mill Basin at 5905 Strickland Avenue (left) and Sunrise at Sheepshead Bay site at 2211 Emmons Avenue (Sunrise, Google Maps,  Todd France/Wikimedia)
Brookfield confirmed as buyer behind $664M Sunrise Senior Living deal
Brookfield confirmed as buyer behind $664M Sunrise Senior Living deal
Mill Basin Senior Living Center and Brookfield CEO Bruce Flatt (Brookfield)
Brookfield pays $31M for Brooklyn senior living facility
Brookfield pays $31M for Brooklyn senior living facility
Photo illustration of Tishman Speyer Properties President Rob Speyer and Brookfield Asset Management CEO Bruce Flatt (iStock, Getty)
Office investors Tishman Speyer, Brookfield put money where mouth is
Office investors Tishman Speyer, Brookfield put money where mouth is
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...