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New York

Major 7 World Trade lease far from certain?

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The much-ballyhooed deal between developer Larry Silverstein and real estate firm Beijing Vantone to lease the top five floors of 7 World Trade Center may be far from a done deal. The two sides announced last week that they had signed a term sheet for leasing, but not an actual lease. Still, both sides say they’re confident the lease will be signed. [3rd item] more [Post]