Brookfield Asset Management

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  • Alberta Plans 187 M-F Units, Retail in Downtown Tempe

    Greenwood Village, Colorado - based Alberta Development Partners has acquired a 1.86-acre land parcel on the northwest corner of University Drive and Ash Avenue within the Mill Avenue District of Downtown Tempe, where it plans to develop a mixed-use project.

    Phoenix 04 March 2014 16:10
  • Lionstone Group Grabs Landmark Office Tower in Houston’s CBD

    The Lionstone Group completed the acquisition of 712 Main Street in Houston’s CBD, in a deal that marks the first time the landmark property has been offered for sale on an individual basis since its construction in 1929.

    Houston 22 October 2013 03:26
  • Brookfield Acquires Apartment Communities in the Triangle for $108M

    Brookfield Asset Management Inc. has purchased five multi-family properties in the Triangle region, as part of its $414 million deal to acquire a total of 19 apartment communities in North Carolina, South Carolina and Virginia. Babcock & Brown Residential, the seller of the 4,892-unit portfolio was advised by Robert W. Baird & Co. According to the Triangle Business Journal, the assets located in the Triangle accounted for a combined $108 million, or $76,900 per unit. The newspaper reports that the 462-unit Oak Hollow property in Cary sold for $32.6 million, while the 144-unit Bridges at Chapel Hill in Carrboro sold for $11.6 million. The region’s other three communities that were included in the sale are located in Durham: the 346-unit Bridges at Wind River (pictured), which sold for $32.6 million, the 264-unit Woods Edge, which sold for $18.7 million, and the 192-unit Bridges at South Point, which sold for $12.76 million.

    Raleigh Durham 21 February 2013 22:31
  • Brookfield Acquires 19-Property Portfolio

    Brookfield completes a $414 million portfolio buy; MG Properties Group acquires a 736-unit asset in Ontario, Calif.; and NorthMarq Capital arranges $20.2 million in combined acquisition mortgages from a bank.

    National 11 February 2013 20:12
  • Brookfield and Fairfield Close $323M Fund

    Brookfield Asset Management and Fairfield Residential close a $323 million value add fund; Beech Street provides a $21.7 million acquisition loan; and Berkadia arranges interim and permanent financing for properties in Brooklyn, N.Y.

    National 25 September 2012 19:23