Jul
05
Brookfield Is in Talks to Buy NYC Complex for $600 Million
By-
Discussions for Manhattan property are said to be exclusive
- Owner is Richard Ravitch, former New York lieutenant governor
Brookfield Property Partners LP is in talks to buy Waterside Plaza on the East Side of Manhattan for about $600 million, according to people with knowledge of the matter.
The property, which includes apartments, stores and space rented to the British International School of New York, is owned by Richard Ravitch, a former New York lieutenant governor and onetime chairman of the Metropolitan Transportation Authority. A deal has yet to be finalized and it’s possible it could fall apart, said one of the people, who asked not to be identified because the transaction is private…
