A deal for law firm Proskauer Rose to occupy about 500,000
square feet in the Boston Properties-developed office tower at 250 West
55th
Street and Eighth Avenue may fall through. There has been speculation that the economy may end the
deal, or
that Proskauer may be trying to take advantage of uncertainty in the office
market to land a better deal. But other brokers say the deal is taking
no longer than large deals usually
do. Morgan Stanley was said to have been offering Proskauer financial
incentives to leave their shared building at 1585 Broadway so that the
financial firm could have the whole building to itself. But those incentives may no longer be possible as Morgan
Stanley’s shares
have fallen.