Five Times Square might not change hands

Five Times Square may, in fact, not change hands as planned. Boston Properties was supposed to sell the 1.1-million-square-foot building to Dubai-based Istithmar. Tax incentives for the site expire in 2022, meaning after-tax returns for 5 Times Square may not give Istithmar the return it was hoping for. The building was set to sell for $1.1 billion. more [Post]