In an interview with Bloomberg Television, Brookfield CEO Bruce Flatt said the demand for the best commercial real estate place is strong, and vacancy is low.
The demand has pushed rents for top office properties in New York, London, and Dubai to massive amounts.
A February SEC filing revealed that Brookfield defaulted on over $750M in debt for two 52-story towers in Los Angeles.
- Flatt dismissed the loan defaults, calling it a tale of two cities.
- Surging demand for information storage has supported the company's investment in data centers and towers.
- Flatt believes the company will raise around $100B this year, similar to last year.
- He added that the impending recession would be mild as the rate hikes have almost reached their peak.
