|Bid||62.37 x 1400|
|Ask||62.38 x 800|
|Day's Range||62.25 - 63.09|
|52 Week Range||41.23 - 63.09|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||16.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.28|
Brookfield Properties has suspended plans to launch a major redevelopment of the Transportation Security Administration's headquarters in Pentagon City once the federal agency moves to its new home in Springfield in mid- to late 2020. The developer recently agreed to put on hold the application it submitted in 2019 to remake the property at 601-701 South 12th St. as the result of talks with Arlington County staffers, said Abe Naparstek, executive vice president of development at Brookfield. Rather, he said, it's a reflection of the new reality that Amazon's HQ2 has created in the neighborhood.
Thyssenkrupp has shortlisted three private equity consortia in the auction of its prized 15 billion euro ($16.62 billion) elevator business, people close to the matter said, adding that peer Kone could still submit a bid later this month. A consortium of buyout groups Advent and Cinven, which are working with Germany's RAG Stiftung remain in the running as does a bidding team led by Carlyle and Blackstone, and a third group led by Brookfield, the people said. Kone, which is working with private equity firm CVC, has been given time until January 27 to submit an offer, the sources said.
Date: Thursday, February 13, 2020Time: 11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Jan. 17, 2020 -- You are invited to participate in Brookfield Asset Management’s 2019.
FRANKFURT/DUESSELDORF, Germany (Reuters) - Canada's Brookfield Asset Management has teamed up with Singapore state investor Temasek Holdings [TEM.UL] in the auction for Thyssenkrupp's prized 15 billion euro ($16.6 billion) elevator division, two people familiar with the matter said on Friday. The tie-up creates another powerful private equity consortium for the asset, which Thyssenkrupp plans to sell or list, ahead of a Jan. 13 deadline for binding bids. Brookfield and Temasek both declined to comment.
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]
The tech giant is looking at gobbling up more than a million square feet in a forthcoming waterfront mega project.
We just published a copy of value investor Joseph Del Principe's November 2019 investor letter. You can download the entire letter on our site. Here is what he said about Berkshire Hathaway (NYSE:BRK-B): In August, international oil and gas company Occidental Petroleum Corporation (OXY) completed its acquisition of energy company Anadarko Petroleum (APC)—but not without […]
The customer service software maker is looking to consolidate space it leases in five San Francisco locations.
Moody's Investors Service ("Moody's") affirmed Brookfield Residential Properties Inc. ("BRPI") Corporate Family Rating at B1, Probability of Default Rating at B1-PD and senior unsecured notes ratings at B1. BRPI's B1 Corporate Family Rating reflects the company's solid operating fundamentals, reasonable leverage and diversified lines of business, including mixed-use properties, as well as land and home sales in several US and Canadian markets. In addition, Moody's rating takes into consideration the company's low-cost land supply, which should provide BRPI the flexibility required to maintain future growth in the event of an economic slowdown.
Brookfield Properties plans to start construction next year on a 310,000-square-foot office building using a type of fortified wood.
Global real estate company Brookfield Asset Management Inc. (NYSE: BAM) is planning a nearly 1.4 million-square-foot logistics center in Bartow County. The $75 million project would cover 130 acres along Joe Frank Harris Parkway just west of Interstate 75. The site is just south of Emerson, Ga., or about 45 minutes northwest of downtown Atlanta.
PricewaterhouseCoopers LLP has leased a large block of space by Mount Vernon Square as part of a larger consolidation of its D.C.-area footprint. The professional services firm has signed a lease for 182,316 square feet at 655 New York Ave. NW, the combination of historic properties and new office development by Brookfield Properties (NYSE: BAM) and Douglas Development Corp. PwC plans to roll multiple locations into the new space, including 600 13th St. NW, which it leased in 2014 as part of a relocation from 1301 K St. NW. PwC, with about 2,600 local employees, plans to move into its new space in early 2021.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
BROOKFIELD, NEWS, Dec. 02, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) (“Brookfield”) today announced that it has determined the quarterly dividend on its.
The Falls Church Marriott Fairview Park has traded hands for $52.2 million, more than $40 million less than what it sold for nearly a decade ago. Annapolis firm Thayer Lodging Group Inc., a subsidiary of Brookfield Asset Management (NYSE: BAM), sold the property to Lakewood Hotel Group of D.
WeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chairman Howard Marks said. WeWork abandoned plans for an initial public offering on Sept. 30 as investors questioned the office-sharing startup's growing losses, its business model and corporate governance.
Many American malls are at a crossroads. Some owners are choosing to adapt by turning parking lots into new housing units and office space.
A financial advisor for high-net-worth clients shares why current stock market highs could be a warning sign to investors and how to manage market risk.