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Brookfield Real Estate CEO Brian Kingston and Brookfield Asset Management Bruce Flatt (Brookfield)
National

Brookfield taking pandemic-hit real estate arm private

Brookfield Asset Management reached an agreement Thursday to take its Covid-dinged real estate arm private by acquiring all of Brookfield...

Brookfield taking pandemic-hit real estate arm private
Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty)
National

U.S. mall values fall 60% after appraisals

The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it. U.S. mall values declined 60 percent due to appraisals in 2020, according to an...

U.S. mall values fall 60% after appraisals
Crystal Mall in Waterford, Connecticut (Crystal Mall via Facebook, Getty)

Simon’s Connecticut mall valuation slashed by 88%

 The valuation for about two-thirds of Simon Property Group’s Crystal Mall in Waterford, Connecticut was slashed 87 percent to...

Simon’s Connecticut mall valuation slashed by 88%
Brookfield Property Partners' Brian Kingston and Brookfield Place (Brookfield;Getty/Illustration by Kevin Rebong for The Real Deal)
National

Brookfield Property Partners reports $2B in losses in 2020

Closing the book on a devastating year, Brookfield Property Partners recorded about $2 billion in losses in 2020, with...

Brookfield Property Partners reports $2B in losses in 2020
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