News: Brokerage

Brookfield Properties complete three new office leases at Brookfield Place

New York, NY According to Brookfield Properties, three new office lease transactions totaling over 67,000 s/f have been completed at 225 Liberty St. in Brookfield Place. The three leases bring the building to 94% occupancy. 

The long-term leases include the following:

  • Simon-Kucher & Partners, a global strategy and marketing consulting firm, signed a lease for 27,458 s/f
  • DRW Holdings, LLC, a diversified trading firm, signed a lease for 17,012 s/f
  • a leading investment management firm signed a leased for 22,600 s/f

“We at Simon-Kucher & Partners are thrilled that we are moving into new office space in New York City. While our firm focuses on providing better and sustained growth for our clients, we’ve also experienced exponential growth over the past few years and have nearly doubled the size of our team in New York. We look forward to thriving in this vibrant new location and to continuing a long-term partnership with Brookfield Properties,” said Volker Janssen, managing partner, Simon-Kucher & Partners. 

“These long-term commitments underscore the fact that forward-looking businesses across an array of industries are continuing to seek out top-tier office space. Brookfield Place – a bustling destination steps from mass transit with sweeping waterfront views, high-tech design and an abundance of shops, culinary outposts, and cultural happenings – embodies the exact environment tenants are looking for to attract and retain top talent,” said David McBride, vice president, Leasing, Brookfield Properties. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,