March 21, 2012 5:04 PM
Real Estate Roundup: Chadbourne Not a Lock for 1 WTC After All
Posted by Sara Randazzo
Chadbourne Parke’s anticipated move to the still-unfinished One World Trade Center in lower Manhattan is apparently off, according to the New York Post. Where Chadbourne’s New York headquarters will wind up when Deloitte takes over its current home at 30 Rockefeller Plaza in 2014 is unclear.
Citing an “informed insider,” the Post reports that Chadbourne “abruptly” called off talks with the building’s owners, the Port Authority of New York and New Jersey and the Durst Organization, on Sunday.
Contacted Wednesday, Chadbourne spokesman Andrew Blum had no immediate comment. A Durst spokesman declined to comment on the Post report, and calls to the Port Authority press office and Chadbourne’s broker, Moshe Sukenik at Newmark Knight Frank, were not returned.
One World Trade, also known as the Freedom Tower, is slated for completion in the fall of 2013 at an anticipated cost of $3.8 billion, according to a Wall Street Journal story published earlier this year. A variety of problems have plagued the project, pushing the final pricetag well above the original estimate. One notable foul-up, which the Post reported on in February, involves the fact that the building’s loading dock is unlikely to be finished in time for anchor tenant Conde Nast and other occupants to fully move in as planned.
Meanwhile, two other Am Law firms have had more success than Chadbourne in securing new office space since The Am Law Daily published its last real estate roundup.
A month after wooing star litigator Diane Sullivan from Dechert, Weil, Gotshal Manges has opened a new office in New Jersey to serve as home base for her practice. The 4,900-square-foot office at 301 Carnegie Center in Princeton will initially house four lawyers, according to sibling publication the New Jersey Law Journal, which notes that the four-story building is also home to branches of law firms Pepper Hamilton and Blank Rome and accounting firm KPMG.
And in San Francisco, Mintz Levin Cohn Ferris Glovsky Popeo has signed a lease in anticipation of finding lawyers to work there, sibling publication The Recorder reports. The Boston-based firm committed to 15,666 square feet at 44 Montgomery Street in the city’s financial district and is currently recruiting laterals, Mintz’s managing partner Robert Bodian told the Recorder. In the meantime, the firm plans to relocate its two Silicon Valley partners to San Francisco, but won’t immediately discontinue its Palo Alto lease in the event the firm wants to keep attorneys in both places, Bodian said.
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