In November, the company named Thomas F. Farley president and COO of Canadian Commercial Operations, where he is responsible for overseeing Brookfield's 19 million-sf portfolio.

The preferred shares of the current deal are rated Pfd-3 (High) by Dominion Bond Rating Service and P-3 (High) by Standard and Poor's. Brookfield has extended to the underwriters the option to purchase up to an additional $50 million Canadian of shares at the same offering price until closing, which is expected by the end of the year.

In October, Brookfield completed a Class AAA Series H preference share issue in the amount of $200 million Canadian. The company issued eight million Class AAA Preference Shares, Series H, at a price of $25 Canadian per share to yield 5.75% per annum. And in June, Brookfield completed a previously announced Class AAA Series G preference share issue in the amount of $110 million in US dollars. Brookfield issued 4.4 million Class AAA Preference Shares, Series G, at $25 US per share to yield 5.25% per annum, including 400,000 shares issued on the exercise of an option granted to the underwriting syndicate.