Brookfield Asset Management Inc
-
MIAMI -- The Fairholme Fund (NASDAQ:FAIRX), a series of Fairholme Funds, Inc., has agreed to sell the Fund's current position in General Growth Proper...
-
MEMPHIS, Tenn. -- Morgan Asset Management, Inc. ("MAM"), the investment adviser for RMK Advantage Income Fund, Inc. (NYSE: RMA), RMK High Income Fund,...
-
-
NEW YORK -- Hyperion Capital Management, Inc. today announced that it has changed its name to Hyperion Brookfield Asset Management, Inc. ("Hyperion Br...
-
NEW YORK (Reuters) - The, run by value investor, struck a $1.7 billion deal to sell its remaining shares in General Growth Properties Inc. after bankrolling the mall owner's emergence from bankruptcy last year.
The deal with Brookfield Asset Management Inc. sent General Growth shares lower, off 1.3 percent to $14.90 in afternoon trading Tuesday [Jan. 18], while the benchmark MSCI U.S. REIT Index was up 0.2 percent.
-
TORONTO -- Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM) today announced that Acadian Timber Income Fund (the "Fund") has filed a prospectus wi...
-
Prudential Preferred Realty is now part of Brookfield Asset Management Inc., following the purchase by Brookfield of Prudential Financial Inc.'s real estate brokerage and relocation business unit for about $110 million.
The acquisition makes Brookfield Residential the second-largest relocation operation and third-largest residential real estate brokerage in North America, said Stephanie Slipher, a Brookfield spokeswoman. Included in the sale are 2,800 Prudential offices and 88,000 real estate agents. Most offices are operated under franchise agreements.
-
LOS ANGELES (AP) -- The nation's second-largest shopping mall operator, General Growth Properties Inc., said yesterday it reached a deal with Canada's Brookfield Asset Management Inc. that will speed its exit from bankruptcy protection.
Speculation raged for weeks that General Growth might turn to Brookfield, which has been looking to expand its slate of U.S. properties and last year acquired an undisclosed stake in the company.
-
TORONTO -- Brascan Corporation (TSX:BNN)(NYSE:BNN) today announced plans to change its name to Brookfield Asset Management Inc. and to repurchase comm...
-
As potential purchasers jockeyed for position in the fight to purchase bankrupt mall-owner General Growth Properties Inc., the company laid out a reorganization plan that could see GGP emerging from bankruptcy by Oct. 5.
General Growth said in a filing Monday in bankruptcy court that it will submit a motion by March 19 to erect procedures for testing whether anyone will top the proposal from Brookfield Asset Management Inc. to finance a reorganization plan by investing $2.65 billion cash in return for 30 percent of the stock.