Brookfield Office enters into JV partnership with MetLife at Republic Plaza Brookfield Office announced that it has entered into a 50/50 joint venture partnership with MetLife on the Republic Plaza office building in Denver. Brookfield, which will retain management and leasing responsibilities at the property, had previously owned the building outright and sold a 50% stake to MetLife in a transaction valuing the property at $480M. Net proceeds to Brookfield are approximately $98M.
News For BPO;MET From The Last 14 Days
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U.S near to designating MetLife as systemically important, Bloomberg says The U.S. Financial Stability Oversight Council is set to designate MetLife as systematically important and thereby subjecting the insurer to oversight by the Federal Reserve, says Bloomberg. Reference Link