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Port Authority Taps CBRE as Property Manager for World Trade Center

The Port Authority of New York and New Jersey has selected CBRE as the site-wide property manager for the 16-acre World Trade Center campus. CBRE will operate and maintain an extensive scope of public spaces and centralized infrastructure, including the Oculus, PATH transportation hub, Liberty Park, heating and cooling systems and other facilities under a seven-year contract.

The firm will also work to maintain the World Trade Center campus as a safe landmark of international significance and modern world-class destination while also serving as a vibrant anchor for the lower Manhattan community. CBRE will assume these responsibilities on July 1. 

“This contract will provide the Port Authority with best-in-class management of the iconic WTC campus with new provisions in place to meet key performance standards,” said Rick Cotton, the Port Authority’s executive director. CBRE was awarded the contract based on a request for proposals issued last October.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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