Brookfield Property Group acquires SoNo Collection developer Brookfield Property Partners has agreed to buy General Growth Properties after increasing its bid, the company announced Monday. The GGP sold for for $9.25 billion cash — at $23.50 per share — and Brookfield will pay the remainder in shares. As a result of the deal, Brookfield Property Group will create a new REIT called BPY U.S. REIT, of which GGP shareholders can receive shares, if they don’t opt to […]
source https://therealdeal.com/2018/03/28/westchester-and-fairfield-cheat-sheet-brookfield-property-group-acquires-sono-collection-developer-manhattan-firm-buys-77-larchmont-condo-units-for-43-5m-more/
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