Stake Sale Values One Manhattan West at $2.85B

Blackstone Real Estate has acquired a minority 49% stake in One Manhattan West. The sale by Brookfield Asset Management and Qatar Investment Authority (QIA) values the 67-story. 2.1 million square foot office tower at $2.85 billion. Located within the 8-acre, 7 million square foot mixed-use Manhattan West complex, the building located at 400 West 33rd Street was developed by Brookfield and opened in 2019.