Brookfield Residential Properties Inc. on Tuesday confirmed it acquired OliverMcMillan LLC, the San Diego firm that is planning to redevelop Denver's tony Clayton Lane shopping complex.

The Atlanta Business Chronicle reported Monday that a deal between the two companies was in the works.

It pairs Brookfield Residential, the North American residential arm of global private equity giant Brookfield Asset Management (NYSE: BAM), with OliverMcMillan's development portfolio, which includes ongoing projects in cities such as Denver, Houston and Nashville, along with several others.

Read more at the Denver Business Journal: