The Real Deal New York

Corrections and Clarifications

April 01, 2008

A story in the March issue, “Midtown office rents drop,” incorrectly stated the Midtown rent change from the end of December 2007 to the end of January 2008. According to CBRE numbers released after a periodic update of submarket boundaries, Midtown office rents increased by $.55 to $83.92 as of January 31, 2008, from $83.37 at year-end 2007, after adjusting for a change in the Midtown boundaries to include the Penn Station submarket. The $85.08 Midtown rent figure for December 2007 cited in the story was based on boundaries that were uncorrected. A statement about declining rents in Midtown was not a result of comments by Pamela Murphy, vice president at CBRE, who was quoted elsewhere in the story.

A photo of Brennan Zahler, a Corcoran Group senior associate broker, was incorrectly used instead of a photo of Patrick Brennan, a Corcoran Group senior associate broker, for a Web story that was posted on March 28 under the headline “11 city brokers face tax evasion charges.” Zahler was in no way connected to the article.

An item in The Deal Sheet in the March issue referred incorrectly to the brokerage company representing the landlord in a retail transaction at 265 West 72nd Street. The company is Bullaro Properties.

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