It’s official: Brookfield owns Forest City

Nearly 100 years after the company was founded as a family-owned lumber business, Forest City Realty Trust — owner of millions of square feet of real estate across the country — has once again gone private. Brookfield Asset Management officially closed on its $6.8 billion purchase of the real estate investment trust on Friday. In New York City, Brookfield will be taking over 4.8 million square feet of office space from Forest City, and more […]

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