The Real Deal New York

Posts Tagged ‘brookfield office properties’

  • brookfield-time

    Brookfield Place and Time’s Joe Ripp

    After months of negotiations, media giant Time Inc. has finally made it official with a lease at Brookfield Office Properties’ 225 Liberty Street, where it will take 700,000 square feet.

    The company initially was in talks for between 575,000 square feet and 650,000 square feet. The move would take Time Inc. Downtown from the Time & Life Building at 1271 Sixth Avenue in Midtown, and allows them to pay lower rents.  [more]

  • brookfieldmw

    Rendering of Manhattan West

    Brookfield Office Properties filed its first plans yesterday for the 64-story residential tower at Manhattan West at 401 West 31st Street. [more]

    1 Comment
  • grace

    Brookfield CEO Dennis Friedrich and 1114 Sixth Avenue

    Brookfield Office Properties secured a $900 million loan on the Grace Building.

    A portion of the refinancing will help to pay off the $343.5 million in outstanding commercial mortgage-backed securities on the 49-story tower at 1114 Sixth Avenue, according to Commercial Mortgage Alert. Each of the loans is expected to mature by July. [more]

  • one-liberty-plaza

    One Liberty Plaza

    Brookfield Office Properties plans to reclaim a private viewing room for family of September 11 victims and use it for commercial space.

    Next month, the September 11 Family Room will shutter its 20th-floor space at One Liberty Plaza, a 2.3 million-square-foot Lower Manhattan tower. The closing coincides with the opening of National September 11 Memorial Museum on May 21. The family room space featured children’s toys, sofas and a variety of items from relatives of victims. Soon it will revert back to office space in need of a tenant. [more]

  • From left, CEO and president of Brookfield Dennis Friedrich and rendering of Manhattan West

    From left, Brookfield CEO Dennis Friedrich and rendering of Manhattan West

    The City Planning Commission approved a zoning change allowing Brookfield Office Properties to build a deck connecting a new project to an existing building across Dyer Avenue. [more]

  • one-new-york

    1 New York Plaza and Jerry Larkin

    Cosmetics titan Revlon inked a 15-year lease for nearly 92,000-square-feet across two penthouse floors at Brookfield Office Properties’ 1 New York Plaza in Lower Manhattan.

    The space on the 49th floor features 13-foot-high ceilings, while the 50th floor was initially designed to be a club. Asking rent was $50 per square foot. Architect Ted Moudis was tapped to handle designs for Revlon’s new space. Revlon currently pays about $70 per square foot at 237 Park Avenue, where its 10-year lease expires in the fall. [more]

  • 450-w-33rd

    Renderings of 450 West 33rd Street

    Brookfield Office Properties has officially decided to give its 1.7 million-square-foot tower at 450 West 33rd Street a $200 million renovation. [more]

  • brookfield-200-liberty

    200 Liberty Street and David Cheikin

    Instead of landing a new tenant at 200 Liberty Street, Brookfield Office Properties agreed to hang on to law firm Richards Kibbe & Orbe and allow the law firm to renew its lease early.

    Richards Kibbe & Orbe will continue to occupy 60,000 square feet on both the 28th and 29th floors at the 40-story building through 2020. Asking rent for the space was in the $60 per square foot.  [more]

  • From left: SL Green CEO Marc Holliday, 711 Third Avenue and McKinsey CEO Dominic Barton

    From left: SL Green CEO Marc Holliday, 711 Third Avenue and McKinsey CEO Dominic Barton

    McKinsey & Company is taking just under 50,000 square feet at SL Green Realty’s 711 Third Avenue, The Real Deal has learned. And in a separate deal, MIO Partners, a wholly-owned subsidiary of the global consulting powerhouse, inked a 36,245-square-foot lease at Brookfield Office Properties’ 245 Park Avenue. [more]

  • The entrance of Brookfield Place at 250 Vesey Street

    The entrance of Brookfield Place at 250 Vesey Street

    College Board, the creator of standardized college admission tests including the SAT, is moving Downtown to Brookfield Office Properties’ Brookfield Place. College Board will take 145,000 square feet at 250 Vesey Street and will set up in space that was previously occupied by Merrill Lynch. [more]

  • Mitch Rudin and the Grace Building at 1114 Avenue of the Americas

    From left: Mitch Rudin and the Grace Building at 1114 Avenue of the Americas

    Brookfield Office Properties has signed private equity and venture capital firm Insight Venture Partners to a 31,285-square-foot lease at the Grace Building on Bryant Park, The Real Deal has learned from CompStak.

    In the 15-year deal, Insight will pay rents starting in the low-$90s per square foot for the 36th-floor space at 1114 Avenue of the Americas, CompStak data show. [more]

  • 1 New York Plaza

    1 New York Plaza

    WEEKENDEDITION The architectural design firm Davis Brody Bond has signed a 26,354-square-foot lease in the Brookfield Office Properties-owned 1 New York Plaza. [more]

    1 Comment
  • A rendering of the retail space at Brookfield Place

    A rendering of Brookfield Place

    Brookfield Office Properties is looking to use its swanky retail space at Brookfield Place in Lower Manhattan as a lure to attract office tenants. After a $250 million overhaul of the 250,000-square-foot retail space, Brookfield hopes that high-end tenants such as Hermès and Burberry will appeal to potential office clients and convince them to fill the 8.5 million-square-foot office space. [more]

  • brookfield

    Brookfield Office’s Mitch Rudin and Brookfield Property’s Ric Clark

    Brookfield Property Partners has upped its cash offer to buy Mitch Rudin-led Brookfield Office Properties — Lower Manhattan’s largest office landlord — to roughly $5.1 billion.

    Brookfield Office’s board plans to advise the shareholders to accept this new offer, which increases the cash portion by $1 per share to $20.34 per share. In place of cash, shareholders can receive one limited partnership unit under the offer. In September, Brookfield Property’s offer was valued at $5 billion. [more]

  • sjp-honorees

    Newcastle Realty Services’ Margaret Streiker Porres and Urban Development Partners’ Gary Davis at a Young Jewish Professionals event

    On the Town is a weekly feature that chronicles the parties, panels and other events in New York City’s real estate community. Read on for details of happenings from Nov. 11 to Nov. 17.

  • Grace Building at 1114 Avenue of the Americas, Bain chairwoman Orit Gadiesh and 3 Times Square

    Grace Building at 1114 Avenue of the Americas, Bain chairwoman Orit Gadiesh and 3 Times Square

    Top consulting firm Bain & Co. is trading Times Square for Bryant Park. Bain’s New York team will move next year from the Thomson Reuters building, at 3 Times Square, to a nearly-100,000-square-foot space in Brookfield Office Properties’ Grace Building, at 1114 Sixth Avenue. [more]

  • Dennis Friedrich and a rendering of Brookfield Place

    Dennis Friedrich and a rendering of Brookfield Place

    Rather than reabsorbing the office space they cast off during the economic downturn, big banks are continuing to decrease their presence in Manhattan. The 10 largest banks in the city reduced their space by 6 million square feet to just under 32 million square feet between 2008 and early 2012, according to a report by International Strategy & Investment Group. [more]

  • NYC-focused REITs hit hard in Q3

    October 08, 2013 02:52PM
    From left: Marc Holliday, Stephen Green and Steve Roth

    From left: Marc Holliday, Stephen Green and Steve Roth

    New York-centric real estate investment trusts took a hit in the third quarter thanks to “taper talk” from the Federal Reserve, according to the investment banking firm Sandler O’Neill + Partners. [more]

  • Los Angeles

    Los Angeles

    In this month’s roundup of real estate news from across the country, The Real Deal brings you out to downtown Los Angeles, where Brookfield Office Properties is set to become the biggest office landlord following the $2.1 billion purchase of MPG Office Trust. There’s also news out of the nation’s capital, where the Trump Organization last month announced plans to convert the Old Post Office Pavilion into a luxury hotel. Click here to see these items and more.

  • brookfield

    From left: Brookfield’s Ed Hogan, Ermenegildo Zegna and Brookfield Place atrium

    High-end Italian men’s fashion brand Ermenegildo Zegna signed a 10-year lease to join the shops at Brookfield Office Properties’ Brookfield Place. [more]