Fancy Office Address? Not in This Economy!

Choosing his words carefully, John Powers, chairman of the tri-state region for CB Richard Ellis, told a room full of reporters on April 8 that “conspicuous consumption is no longer socially in.” His delicacy was understandable, representative, as he is, of countless landlords with conspicuously ostentatious buildings.

It’s old news that ladies with bottomless bank accounts should try their mightiest not to flaunt the canary diamonds adorning their ring fingers or the Hermes bags...

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