Brookfield Properties
(Brookfield Asset Management, Brookfield Property Partners)
250 Vesey Street, 15th Floor. New York, NY 10281
People:
Brookfield Properties portfolio
$8.7 billion* – office 49.0%, condo 34.0%; Manhattan 85.0%, Brooklyn 13.0%
7th largest portfolio by dollar value
34,200,149 sqft – office 43.0%, condo 24.0%;
4th largest by SF
177 properties – Manhattan 72%, Brooklyn 22%
35th largest
5,875 residential units – Brooklyn 50.0%, Manhattan 27.0%
30th largest by residential units
1 foreclosure, 0 bankruptcies, 11 other court cases.
Company Activity past 24 months:
Buyer company: 3 for $150 million
Seller company: 11 for $765.7 million
Borrower company: 7 for $1.7 billion
Lender company: 3 for $123 million
Top Ten Associated Companies:
Wells Fargo (14), Brookfield Properties (6), Park Tower Group (4), Acadia Realty Trust (4), Cayre Equities (3), Urban Storage Fund (3), Arker Companies (3), Related Companies (3), NYC Industrial Development Agency (2), Bank of America (2)
Top Ten Associated People:
Brianne Hanifin (4), Jason Blacksberg (4), Jack Cayre (3), Robert E. Poole (3), Matthew Finkle (3), David K Zussman (3), Alexander Arker (3), Dina Arker (3), Daniel Moritz (3), Justin B. Kleinman (2)
Recent activity as company:
• Brookfield Properties sold 660 Fifth Avenue, Midtown West, Manhattan for $95 million to UNIQLO Co. on January 15, 2025.
• Brookfield Properties and Urban American Management sold 3333 Broadway, None, Manhattan for $321.8 million to MSquared and Urban American Management on January 07, 2025.
• Brookfield Properties sold 653 11th Avenue, Hell’s Kitchen, Manhattan for $57.8 million to Capstone Equities and Leyad on December 20, 2024.
• Brookfield Properties sold 367-369 Bleecker Street, West Village, Manhattan for $4.8 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 387 Bleecker Street, West Village, Manhattan for $1.6 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 382 Bleecker Street, 92 Perry Street, 382 Bleecker Street, and 382 Bleecker Street, West Village, Manhattan for $5.7 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 350 Bleecker Street, West Village, Manhattan for $8.1 million to Acadia Realty Trust on September 24, 2024.
• Savanna borrowed $0 from Alen Mamrout for 1375 Broadway, Garment District, Manhattan on August 16, 2024.
• Farallon Capital Management borrowed $12 million from Brookfield Asset Management for 85 East End Avenue, Yorkville, Manhattan on July 09, 2024.
• Brookfield Properties borrowed $100 million from Wells Fargo for N/A 9th Avenue and 2 Manhattan West, None, Manhattan on July 02, 2024.
Latest Stories:
• MSquared, partners buy out Brookfield for $321.8M at 1,193-unit Harlem rental (January 08, 2025)
• Alen Mamrout, 60 Guilders, acquire 1375 Broadway in $200M deal (January 01, 2025)
• Sentry Realty refis debt on 1375 Broadway, after buying $200M note in August (December 27, 2024)
• Blackstone Group signs $550M refi for 899-unit 8 Spruce in FiDi (December 12, 2024)
• Pre-foreclosure filed at Brookfield’s One Pierrepont with $127.9M loan (November 18, 2024)
• Atlas Capital pays $202.5M to KKR, Dalan for 365-unit rental in Fort Greene (October 22, 2024)
• Chaskel Landau files plans for 115-unit project in Downtown Brooklyn (July 19, 2024)
Court Records:
Properties: