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Times Square Tower

Asking Rents Agonistes

Maybe it’s too soon to declare the death of the Manhattan office-space asking rent. But, at the very least, the downward-spiraling economy and the lack of completed deals have rendered the asking rent—that symbol of landlord volition and market domination—an endangered species.

Where once a tenant broker could simply access CoStar to ascertain how Read More

CBRE on Times Square Tower Lease

CB Richard Ellis is out this morning with a release on the 15-year, 100,000-square-foot lease it arranged for law firm Pryor Cashman at Boston Properties' Times Square Tower (a.k.a. 7 Times Square). My colleague Dana Rubinstein reported the deal on Nov. 18.

The way things are going, this will surely be one of the last Read More