The property is currently 96% leased to 27 tenants across diverse industries including wholesale and distribution, healthcare, financial services, logistics, and construction.
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
In addition to a revitalized port, the plan passed on Sept. 22 will also create 6,000 new homes—including 2,400 permanently-affordable units—as well as 28 acres of public space.
According to the New York State Gaming Commission website: the CAC for the Empire City project has scheduled a final vote on the $2.3-billion project on Thursday, Sept. 25 at 10 a.m.
The transaction is expected to diversify Compass by adding over $1 billion in revenue from Anywhere's established franchise, title and escrow, and relocation operations.
All members of the FOMC voted in favor of the 25-basis-point cut with the exception of newly appointed member Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 50 basis points.
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