Brookfield's Ric Clark: Navigating Economy Like Playing Dodgeball

"Operating in this economy is sort of like a game of dodgeball."

So said Brookfield Properties CEO Ric Clark during his firm's second-quarter investor call on Wednesday morning. Brookfield Properties owns and manages 75 million square feet of office towers in Canada and New York, including the Grace Building at 1114 Avenue of the Americas and the mammoth World Financial Center in Lower Manhattan.

The affable Mr. Clark did not sugarcoat his firm's predictions for the...

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