Brookfield Asset Management Ltd. is aiming to raise $15 billion for its fifth flagship real estate fund, $2 billion less than its predecessor, according to Bloomberg News. Commercial property markets are currently facing higher borrowing costs; however, BAM President Connor Teskey told shareholders last month that the firm sees attractive value entry points and investors have expressed “lots of interest” in this potential opportunity. 95% of Brookfield’s office portfolio consists of trophy or Class A office space which has been outperforming the broader market significantly as noted by CEO Bruce Flatt in a letter to shareholders.
“Van Nuys Industrial Lease Secured by Aviation Manufacturer”
Rancho Realty Group Corporation successfully facilitated the signing of a 31,000-square-foot industrial lease at 7850 Haskell Ave. in Van Nuys.
Steve Griffin
November 22, 2024
