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Brookfield Property, partner target $1B loan on 5 Manhattan West building

Brookfield Property Partners LP and the Qatar Investment Authority are looking to obtain $1 billion in financing for their roughly 1.8 million-square-foot 5 Manhattan West office building in New York City, The Real Deal reported, citing Commercial Mortgage Alert.

The partners are aiming to secure a five- or seven-year debt package for the 16-story property at 450 West 33rd St., which recently underwent a $350 million overhaul. The building is almost 100% leased, with Amazon among the most recent additions to the tenant roster, according to the report.