Brookfield Properties Lays Off Executives as It Continues Evolution From CRE Giant to Asset Manager

Brookfield Properties lays off executives as it continues evolution from CRE giant to asset manager

Brookfield Place in Lower Manhattan.: Spencer Grant/GHI/UCG/Universal Images Group via Getty ImagesBrookfield Properties has cut several executives in its office division as the company restructures.The firm has evolved from a property-focused firm into a Wall Street fund manager like Blackstone.The new structure will break down regional management in favor of national business leaders.Brookfield Properties, which operates one of the country's l…

EXCLUSIVE: Brookfield Properties Restructures North American Office Business As It Hunts For Deals

Brookfield Properties is shuffling the structure of its North American office business as it aggressively pursues acquisitions, particularly in New York. Brookfield’s office segment is shifting to a function-driven management structure, jettisoning its past geography-based approach. The new leadership structure has six executives leading operations across North America, and the asset management firm has reduced its staff by at least six as part …