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Update: Market Chatter: Brookfield in Talks to Acquire Stake in Hudson Square Properties in NYC

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(Updates with Brookfield's response to a request for comment in the last paragraph.)

Brookfield (BN) is in advanced talks to acquire a stake in Hudson Square Properties in a deal that would value the office portfolio at $3.5 billion, The Wall Street Journal reported late Sunday, citing a person familiar with the matter.

Under the deal, which is expected to close in the coming months, Brookfield would own 10% of the complex and would take over as its long-term operating partner, the report said, citing the person.

Brookfield declined to comment to.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $43.34, Change: $-0.39, Percent Change: -0.89%

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