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Brookfield Property Sees Promise in US Offices, With Retail Sector Still ‘Challenging’

CEO Kingston Says He’s Encouraged by Private Market Real Estate Investment Activity
In New York, Brookfield Property Partners transformed the former World Financial Center into Brookfield Place, an 8 million-square-foot mixed-use complex. (Brookfield)
In New York, Brookfield Property Partners transformed the former World Financial Center into Brookfield Place, an 8 million-square-foot mixed-use complex. (Brookfield)
By Jennifer Waters
CoStar News
February 2, 2021 | 9:22 P.M.

If Brookfield Property Partners holds the answer to what's ahead for certain commercial real estate properties as restrictions tied to the pandemic are loosened, it’s this: Office properties with stable tenants are still in demand and the future of shopping centers and malls could be “one-channel centers” as retailers shift their space to meet a number of challenges.

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News | Brookfield Property Sees Promise in US Offices, With Retail Sector Still ‘Challenging’