Terms of the deal were not disclosed, but real estate executives said it was about $30 million.
Earlier this year, real estate executives and government officials said such a deal was close.
He has since become a real estate executive in Toronto.
It was the lawyers who got things going, real estate executives said.
Other real estate executives make the same point about corporate clients.
Some real estate executives say the slump could be a short one.
The firm's lease is for 15 years, according to real estate executives.
There are two separate aspects of security, real estate executives say.
City officials and most real estate executives considered it a done deal that made sense for both sides.
Many real estate executives and people familiar with the situation expect the two men to move to take over the company.
