No deal reached between Brookfield and Skadden Arps: report

News of move to Manhattan West said to be premature; law firm could re-up at 4 Times Square

From left: 4 Times Square and Manhattan West project rendering
From left: 4 Times Square and Manhattan West project rendering

Skadden Arps may be staying put.

Reports that the law firm – one of the city’s largest and most prestigious – is moving to Brookfield’s Manhattan West office tower are just rumors, the New York Post reported. The newspaper claims it has confirmed that Skadden has not signed a letter of intent and is merely exploring its options, which include tenancy at Brookfield’s West Side property, heading downtown to 3 Hudson Boulevard or sticking around at the Durst Organization’s 4 Times Square.

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Skadden’s lease runs through 2020 and includes the option to renew for five years, which must be exercised two years before expiration, giving the firm at least four years to make a final decision, the tabloid reported. [NYP, 1st] — Tom DiChristopher