11.08.2010 - New York: Office deals, 19 months apart, show market’s move
From Nytimes.com: In real estate, as in life, timing is everything. Two of New York’s largest real estate brokerage firms, Cushman & Wakefield and CB Richard Ellis, have negotiated new leases for their Manhattan offices, and one seemed to get better terms than the other. The deals were struck 19 months apart, long enough to produce distinct changes in the market. Cushman consolidated its three Midtown locations into a new building at 1290 Avenue of the Americas between 51st and 52nd Streets, and CBRE opted to remain where it was, in the MetLife Building, at 200 Park Avenue..............................................Full Article: Source
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