[IMGCAP(1)]TORONTO-Brookfield Properties Corp., an office building owner, investor and developer with more than 76 million sf of downtown properties in the top North American markets, has tallied its strongest leasing results in the first part of the year in Los Angeles. Tenants in buildings owned by Brookfield, which has office buildings in some of the largest US and Canadian downtowns, signed 368,000 sf of leases in L.A. County during the first quarter, making it “the company’s strongest performing market from a leasing perspective during the quarter.” The 368,000 included 225,000 sf of deals that Brookfield signed at the properties it manages in L.A., plus 143,000 sf in properties that it has an ownership interest in but are managed by Blackstone.

Besides Los Angeles, Brookfield owns office buildings in New York City, Boston, Houston, Toronto, Calgary, Ottawa and Washington, DC. The Los Angeles leases, some of which were reported during the quarter on GlobeSt.com, range from a 10,000-sf deal at the Toronto-based property owner’s Landmark Square in Long Beach to a 32,000-sf lease at Ernst & Young Plaza in Downtown L.A. John Barganski, Los Angeles-based vice president of leasing for Brookfield, says that the leases included a number of expansions and renewals with existing tenants as well as new tenant demand that “has fueled a decrease in vacancy rates in the Central Business District over the past few quarters.”

As GlobeSt.com reported recently, the Downtown Los Angeles leasing market has remained surprisingly strong lately despite the economic slowdown. That previous GlobeSt.com article cited the diversity of tenants driving the Los Angeles market. Brookfield’s list of 2008 deals supports that claim of diversity: The tenants that have signed with Brookfield thus far this year include companies in finance, capital management, insurance, law, banking and other industries.

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