Goodwin Guides Brookfield's Record $377M High-Rise Sale

Law360, New York (October 19, 2011, 3:51 PM EDT) -- Commercial real estate giant Brookfield Office Properties Inc. announced Wednesday its record-setting $377.5 million sale of a high-rise office building in New Jersey to real estate equity fund Multi-Employer Property Trust.

MEPT’s acquisition of the 36-story Newport Tower in Jersey City, N.J., ranks as the largest single office sale in the state’s history, Brookfield said, and caps a six-year effort to improve the building’s efficiency and attract tenants.

Brookfield President Dennis Friedrich said the building thrived under Brookfield’s stewardship, and the time was right to sell...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.