BNY Mellon reach $585M deal to sell HQ

Bank of New York Mellon Corp. agreed to sell its 1.1 million-square
-foot headquarters in New York City to a joint venture of Brookfield Asset Management Inc. and the Carlyle Group LP for $585 million.

The deal, which is expected to close in the second quarter, is the largest office sale in the city since the financial crisis.

The sale is part