Brookfield Office Properties CEO Ric Clark and 4 World Financial CenterBrookfield Office Properties has struck a deal with Bank of America to take its 49 percent stake in 4 World Financial Center and will own the entire property, the Wall Street Journal reported. Bank of America simultaneously renewed its lease for 750,000 square feet in the tower.

The largest landlord in the neighborhood, Brookfield has committed to Lower Manhattan with this deal and its recent promise to spend $250 million to upgrade the retail at the World Financial Center. However, with layoffs looming at financial firms and millions of vacant square feet being delivered in the World Trade Center, Brookfield has reason to be concerned. [more]

Accounting giant Deloitte has signed an 18-year lease for 12 floors with a total of around 430,000 square feet at 30 Rockefeller Center, according to the Observer. The deal — the largest of 2011 so far and only slightly smaller than the largest office lease of 2010 — brings a likely end to more than a year of intense speculation about the firm’s real estate search, which was headed by Cushman & Wakefield’s John Cefaly and Dale Schlather and included high-profile buildings like 11 Times Square, 4 World Trade Center and 4 World Financial Center. [more]

Accounting firm Deloitte — one of the largest tenants on the market
for office space in New York City — has asked the city for at least
$10.65 million in tax credits in exchange for staying on this side of
the Hudson River and increasing its employee count, according to the
Observer. The firm, which is currently headquartered at 1633 Broadway
with offices at 25 Broadway and the World Financial Center, had been considering a move to New Jersey.
If the city doesn’t grant tax exemptions Deloitte wants — the total
sum requested could rise up to $21 million — the firm is threatening
to follow through with that interstate move. Last month, it was
reported that Deloitte was renewing its 400,000-square-foot lease
at Brookfield Properties’ 4 World Financial Center. According to the
firm’s request to the city, it is still in the process of negotiating
that lease, which will house its U.S. headquarters, and could thus back
out if it deems New Jersey a better choice. [NYO]

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Accounting firm Deloitte is officially staying put at Brookfield Properties’ 4 World Financial Center, following rumors that a lease renewal was in the works, the Post reported. The direct deal allows Deloitte to keep its 400,000-square-foot space at the building for around $40 per square foot and to expand into another 230,000 square feet. The firm had been subleasing its space from Merrill Lynch, but the deal was set to expire in 2013. Deloitte was reportedly considering a move to New Jersey, which would have been cheaper for Deloitte but potentially very damaging for Brookfield. Deloitte has asked the New York Industrial Development Agency for state and city sales tax breaks for furniture and other finishing touches for the office space. [Post]

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Accounting firm Deloitte is officially staying put at Brookfield Properties’ 4 World Financial Center, following rumors that a lease renewal was in the works, the Post reported. The direct deal allows Deloitte to keep its 400,000-square-foot space at the building for around $40 per square foot and to expand into another 230,000 square feet. The firm had been subleasing its space from Merrill Lynch, but the deal was set to expire in 2013. Deloitte was reportedly considering a move to New Jersey, which would have been cheaper for Deloitte but potentially very damaging for Brookfield. Deloitte has asked the New York Industrial Development Agency for state and city sales tax breaks for furniture and other finishing touches for the office space. [Post]

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