Brookfield Asset Management

Brookfield takes 99‑year lease on Kushner's 666 Fifth Ave; role of Qatar-linked funds disputed

2018-08-03 00:00:00 +0000 UTC | Importance: 9/10

Brookfield acquired a 99‑year leasehold on the office portion of 666 Fifth Avenue from Kushner Companies, resolving a distressed financing situation. Public records and press accounts note that Qatar’s sovereign fund (QIA) was a major investor in Brookfield Property Partners, while Brookfield …

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Great Northern Paper Bankruptcy Leaves 1,000 Maine Workers with Pennies on Dollar of Promised Pensions

2017-12-18 00:00:00 +0000 UTC | Importance: 7/10

Approximately 1,000 former Great Northern Paper workers in Millinocket and East Millinocket, Maine began receiving bankruptcy settlement checks representing ‘a small fraction’ of the pensions, vacation pay, and severance they spent decades earning at the once-dominant paper mills. …

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