Quote:
Originally Posted by wong21fr
Brookfield Properties has never developed a property in Denver- only enhancing already-built developments. They have proposed a couple, but ended up getting cold feet. After this, and what sounds like a forthcoming acquisition of Forest City, they'll have interests in two large-scale redevelopments in Denver. It will be interesting to see what they will do with skin in the game much earlier in the real estate development process.
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I don't recall their looking at developing in Denver; in fact I don't recall their being much of a developer although they may be the lead investor in projects. In any case it looks like Brookfield is now interested in being involved directly in development so why not buy a couple of companies that do? Looking down through the Google feeds it looks like they offered to buy the 2/3rds of GGP (formerly General Growth Properties) a yuge shopping center owner. Wonder if they're not looking more at future redevelopment potential? GGP has struggled for years.
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