At more than $1,168 a square foot, the $1.28 billion sale of 5 Times Square makes it the most expensive office tower to date.
"Boston Properties Inc., the real estate investment trust run by billionaire Mortimer Zuckerman, agreed to sell 5 Times Square for about $1.28 billion, a record price for a New York City office tower.
The 37-story skyscraper at Seventh Avenue and 42nd Street is being sold to AVR Realty Co., Boston-based Boston Properties said yesterday. It has 1.1 million square feet and is the national headquarters for Ernst & Young.
The property is the fifth this year to sell or go under contract for more than $1,000 a square foot in the most expensive office market in the United States, a threshold never achieved before this year by large office towers."
FULL STORY: Boston Properties to sell N.Y. tower

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

House Moves to Rescind California’s Emissions Standards
The state has been allowed to set its own emissions goals, including a mandate to transition to electric or zero-emissions vehicles by 2035.

Portland Proposal Would Suspend Development Fees to Spur Housing Construction
Oregon Gov. Tina Kotek and Portland Mayor Keith Wilson announced their policy plan Thursday, with the goal to jumpstart housing construction.

Honolulu Community College Celebrates Culture and Sustainability
Honolulu Community College brought together more than 320 students, staff, and community members for a day of Hawaiian cultural activities, music, and sustainability-focused learning at its annual Hoʻolauleʻa celebration.
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