Brookfield buys remaining stake in Waterside Plaza from Richard Ravitch
Brookfield Asset Management is buying the remaining stake of Waterside Plaza in Kips Bay from former New York Lieutenant...
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Brookfield bets big on insurance as real estate investments ebb
For Brookfield Asset Management, insurance may be the new real estate. The firm is in the process of spending...
These were the top outer-borough loans in May
Dollar volume for the 10 largest outer-borough commercial real estate loans in May was $1.6 billion, almost double that...
National Weekend Edition
Brookfield’s US malls are struggling. Now it’s buying some in Europe
The pandemic has pummeled malls across the U.S., including many controlled by Brookfield Asset Management. But Brookfield still sees...
National
Brookfield snags $2B refi for massive mobile home portfolio
UPDATED, 8:09 a.m., April 8, 2021: An affiliate of Brookfield Asset Management snagged a $2.2 billion refinancing on its...
National
Converting empty malls to warehouses isn’t easy
As demand for e-commerce grew and large tenants like Sears closed up shop, some mall owners sought to redevelop...
NYC’s 10 most active developers of 2020
Construction timelines were disrupted across the city this year as sites deemed unessential were shut down. Still, work at many projects — including some of the largest ongoing developments — either qualified as essential...
National
J.C. Penney has been saved. Now what?
J.C. Penney has been rescued from bankruptcy, but challenges remain for the beleaguered retailer. The department store chain completed the sale of its retail operations to Simon Property Group and Brookfield Asset Management on...
National
Brookfield delinquent on $190M loan tied to Baltimore mall
Troubles mount for mall owners around the country as an increasing number are skipping loan payments, with the threat...
National
A tale of two markets: Some CMBS players see huge losses, others opportunity
Nobody knows how to sniff out distress like Barry Sternlicht. In the early ‘90s, in the thick of the...