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Cushman’s management contract at Oculus extended despite woes

Despite a bevy of problems at the Oculus, the Port Authority of New York and New Jersey is sticking with its management company. The agency unanimously voted to extend Cushman & Wakefield’s contract to manage the 16-acre World Trade Center site by one year, the Wall Street Journal reported. It’s the first of three one-year renewal options. The firm will collect $ 850,000 in annual management fees for the job, with a $ 50 million budget for


The Real Deal New York

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