Brookfield Property Partners LP, the $48 billion business being spun off by its Canadian parent, plans to pursue purchases beyond office and retail, the firm’s past areas of focus, as its access to capital improves.
Bank of New York Mellon Corp. is poised to choose between a lower Manhattan skyscraper and a smaller office building in New Jersey for at least 850 employees who would relocate with a sale of the company’s Wall Street headquarters, a person with knowledge of the discussions said.
The first skyscraper at lower Manhattan’s World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, the task will be filling the 40 percent of the tower that’s empty.
Deloitte LLP is negotiating with Brookfield Properties Corp. about moving into Merrill Lynch & Co.’s former headquarters building at lower Manhattan’s World Financial Center, two people familiar with the talks said.
Brookfield Office Properties Inc. rose the most in 17 months after the landlord said it is negotiating letters of intent with two potential tenants for space at lower Manhattan’s World Financial Center.