Brookfield explores stake sale for One Manhattan West tower

Brookfield Asset Management Inc. is exploring a sale of a stake in One Manhattan West, an office tower constructed as part of its development project in the Hudson Yards area, according to people with knowledge of the matter.

The firm is soliciting interest from potential bidders in a share of the property that would value it at about $2.8 billion, said one of the people, requesting anonymity because the talks are private. Cushman & Wakefield is the brokerage advising Brookfield, some of the people said.

Brookfield said in August 2020 that it borrowed $1.8 billion, including $1.5 billion in CMBS loans, to refinance the skyscraper. DBRS Morningstar said

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