Commercial real estate sector recovering and few good deals to be had…Brookfield’s $5-billion investment fund remains untapped as little distress in Canadian markets to capitalize on…

Brookfield Properties Corp. and its partners have an unexpected problem: They have $5-billion to spend on commercial real estate, but markets have recovered so strongly that they can’t find the juicy deals they hoped would lead to 20-per-cent returns.

Read the full article by Steve Ladurantaye, “Lots of cash, no properties” in the Globe and Mail (Oct 30, 2009).

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