Brookfield, fund to develop land
From Times Staff and Wire Reports
Builder Brookfield Homes Corp. said it had formed a joint venture with the California teachers’ pension fund to develop residential land. Brookfield builds homes in California and the Washington, D.C., area.
The builder and the California State Teachers’ Retirement System will contribute equally as much as $400 million to buy, entitle and develop land for sale to residential home builders and developers, mostly in California.
