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September 22, 2017  

Brookfield Eyes Giant Loan for Houston Deal

Brookfield Asset Management is seeking a $921 million fixed-rate mortgage to finance its planned acquisition and renovation of the Houston Center office complex.The investment manager has agreed to buy the 4.2 million-square-foot complex from J.P. Morgan Asset Management for about $875 million, or $208/sf.During the sales process, most bidders factored in the cost of renovating the four-building complex and recruiting additional tenants. The 4...

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