PHOTOS: Brookfield celebrates retail division with annual ICSC bash

Company is on the verge of becoming the largest commercial landlord in NYC

New York /
Dec.December 07, 2018 09:30 AM

Brookfield Property Partners, just one $6.8 billion deal away from becoming the city’s largest commercial landlord, celebrated the retail side of the its business Wednesday night with the company’s annual party coinciding with the ICSC shopping-centers convention.

Some of the biggest names in retail gathered at Brookfield’s Manhattan West megaproject, which sits just a few blocks away from where the site of International Council of Shopping Centers’s annual convention at the Jacob K. Javits Convention Center.

Top brokers like Newmark Knight Frank’s Jeffrey Roseman and Craig Slosberg, Richard Hodos and Ron Lubackin of CBRE, SCG Retail’s David Firestein and Ripco Real Estate’s Richard Skulnik were all in attendance.

RKF’s Karen Bellantoni was seen chatting it up with former colleague Beth Rosen, who left RKF earlier this year amid its merger with Newmark for Ripco. (RKF’s traditional blue signage had been transformed into Newmark-red logos at the ICSC show, symbolic of the companies’ merger this year.)

Michael Goldban, Brookfield’s head of retail leasing, mingled with brokers and retailers throughout the evening, talking up the company’s recent deals filling formerly empty storefronts on Greenwich Village’s Bleecker Street.

Earlier in the day, Brookfield Property Group chairman Ric Clark said the company was expecting to close on its $6.8 billion purchase of Forest City Realty Trust by the end of the week, and the deal would make Brookfield the largest commercial property owner in New York City.

In fact, it’s been a busy year for Brookfield on the acquisitions front. In July the company paid $14.8 billion to buy the remaining shares it didn’t already own in mall landlord GGP.

Former GGP CEO Sandeep Mathrani, now the chief executive of Brookfield Properties’ retail group, was in attendance rubbing shoulders with guests who included Nicole Kushner Meyer of Kushner Companies.

Brookfield on Wednesday announced that restaurateur Danny Meyer’s Union Square Hospitality Group plans to open a new restaurant at Manhattan West’s plaza.


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)
These were the top 10 NYC retail leases in July
These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)
Ricky’s, iconic NYC beauty shop, faces
more closures
Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)
When it comes to retail, “real estate in New York is fundamentally broken”
When it comes to retail, “real estate in New York is fundamentally broken”
Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty)
U.S. mall values fall 60% after appraisals
U.S. mall values fall 60% after appraisals
Brian Kingston of Brookfield Property Partners (left) and Bruce Flatt of Brookfield Asset Management
Brookfield’s internal affairs
Brookfield’s internal affairs
Brookfield Property Partners' Brian Kingston and Brookfield Place (Brookfield;Getty/Illustration by Kevin Rebong for The Real Deal)
Brookfield Property Partners reports $2B in losses in 2020
Brookfield Property Partners reports $2B in losses in 2020
(iStock)
The real story of real estate’s loss to street vendors
The real story of real estate’s loss to street vendors
Four of the malls in question: Crossroads Center in St. Cloud, Minnesota, Mall St. Matthews in Louisville, Kentucky, North Point Mall in Alpharetta, Georgia and Park Place Mall in Tucson, Arizona. (Crossroads Center, Mall St. Matthews, North Point, Park Place)
Return to lender: 10 malls Brookfield may give up, and why
Return to lender: 10 malls Brookfield may give up, and why
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...