Brookfield Fourth-Quarter Profit Drops After Residential Unit Is Spun Off
February 10, 2012
By David M. Levitt

... Brookfield has 590,000 square feet of empty offices at 1 New York Plaza that had been rented by Goldman Sachs Group Inc.

Lower Manhattan, which had an 11.6% office availability rate at the end of last year, probably will have a “spike” in unleased space as such financial firms as Bank of America, Nomura Holdings Inc. and Depository Trust & Clearing Corp. consolidate offices, the brokerage firm Studley Inc. said in a report last month ...

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