Brookfield Property Partners / Brookfield Office Properties
Bermuda-based Brookfield Property Partners L.P. increased the cash portion of an offer for Brookfield Office Properties Inc. of New York by $1 a share in late December, after talks with the independent committee vetting the bid. Brookfield Property first offered to buy the office landlord in September with a bid valued at $5 billion. Both companies are units of Toronto-based Brookfield Asset Management Inc.; the deal would group the parent’s commercial real estate investments under one umbrella.
