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
660 Fifth Avenue in Manhattan and Macquarie Group's Shemara Wikramanayake (Brookfield Properties, iStock, Macquarie Group, Illustration by Kevin Cifuentes for The Real Deal)
Brookfield signs first tenant at 660 Fifth Avenue
Brookfield signs first tenant at 660 Fifth Avenue
Material Bank's founder and CEO Adam Sandow (Material Bank)
Design supplies marketplace Material Bank worth $1.9B after fundraise
Design supplies marketplace Material Bank worth $1.9B after fundraise
235 Park Avenue and 308 West 133rd Street (Google Maps, iStock)
Brookfield’s $90M self-storage spree leads NYC investment sales
Brookfield’s $90M self-storage spree leads NYC investment sales
(Nelligan White Architects, Emporis, LoopNet, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Affordable housing tops outer-borough loans with $1.4B for NYCHA upgrades
Affordable housing tops outer-borough loans with $1.4B for NYCHA upgrades
Brookfield eyes breaking off asset management business
Brookfield eyes breaking off asset management business
Brookfield eyes breaking off asset management business
From left: Brian Gevry, chief executive officer, Boyd Watterson Asset Management; Bruce Flatt, chief executive officer, Brookfield Asset Management (Boyd Watterson Asset Management, Brookfield Asset Management, LoopNet)
Cleveland investor makes big NY entrance with $310M MetroTech buy
Cleveland investor makes big NY entrance with $310M MetroTech buy
From left: Stephen Schwarzman, chairman, Blackstone; Barry Sternlicht, chief executive officer, Starwood Capital Group (Getty Images, Brookfield Asset Management/Illustration by Steven Dilakian for The Real Deal)
Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
Out of many, one: Inside proptech’s record year of M&A
Out of many, one: Inside proptech’s record year of M&A
Out of many, one: Inside proptech’s record year of M&A
arrow_forward_ios

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

Loading...