Brookfield Property on the hunt amid slump

• Office values have tumbled 18% in Houston, office vacancy rates have climbed to 18% in central Calgary, and unemployment is on the rise in both cities. These and other oil-dependent areas are on Brookfield Property Partners' (BPY +3%) shopping list, according to Chairman Ric Clark.
• Brookfield Asset Management (BAM +2.7%) CEO Bruce Flatt says Canada is particularly ripe as the weak loonie adds to slumping energy.
• Whether Brookfield finds deals is another story. "There are no discounted assets,” says CBRE's Paul Morassutti, who's been fielding plenty of calls from bottom-fishers. "Our response is always the same: 'Good luck with that.'"