Brookfield Snaps Up BofA Stake In Ex-Merrill HQ

Law360, New York (October 17, 2011, 6:44 PM EDT) -- Brookfield Office Properties Inc. reportedly has bought out Bank of America Corp.'s 49 percent stake in 4 World Financial Center and is now the sole owner of the 34-floor building in lower Manhattan.

Bank of America also renewed its lease for 750,000 square feet in the tower, which sits on the northwest edge of Ground Zero, just blocks from the newly unveiled Sept. 11 memorial, the Wall Street Journal reported Monday.

A spokeswoman for Brookfield declined to confirm the deal, saying the company does not comment...
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