Brookfield buying developer of Hawaii military housing for $11B


Brookfield Asset Management, which won shareholder approval this week to buy GGP, the owner Hawaii’s Ala Moana Center, for $15 billion, is adding another company with Hawaii ties to its portfolio with an $11 billion deal to acquire Forest City Realty Trust.

Toronto-based Brookfield (NYSE: BAM), whose affiliate Brookfield Property Partners won approval from GGP shareholders this week to purchase the mall owner, is buying Cleveland-based Forest City (NYSE: FCEA) for $11.4 billion, the two companies…

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