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February 7, 2017- As BPTV has reported for several years, The WSJ featured Brookfield Place as an asset that large real estate companies are trying to sell as the bull market for commercial real estate ends, “Investors that have picked up the pace of selling to lock in profits include private-equity firm Blackstone Group LP, real-estate giant Brookfield Asset Management, United Parcel Service Inc.’s pension trust and Harvard Management Company, which manages Harvard University’s endowment.
When these big investors do buy, they are focusing more on niche properties such as self-storage warehouses and biomedical facilities, which haven’t seen the sharp price rise of trophy office buildings and rental apartments.”