[theskythelimit]

As was reported earlier, Metlife has pulled their partnership with Hines regarding the Transbay Tower. Matier&Ross had a small piece in The Chronicle about the possible ramifications and future.

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"Tower of trouble: Funding for San Francisco's new Transbay Transit Center bus and rail hub has hit a $185 million snag.

The hitch came when real estate giant MetLife pulled out as the primary investor of the neighboring, 1,070-foot-tall Transbay Tower at First and Mission streets - a deal that was intended to help fund the $1.5 billion, Grand Central Terminal-style transit hub.

The pullout comes just ahead of a Sept. 30 deadline for the tower's primary developer, Hines, to cut a $185 million check for the site.

Hines has to make a quick decision whether to go it alone on what would be the city's tallest skyscraper, bring in a new partner or bail on the development altogether, said Transbay project spokesman Adam Alberti.
If Hines decides to exit, the Transbay Joint Powers Authority will have to start hunting for new buyers. And quickly, because the authority is depending on the tower money to be in the bank by spring to keep the new transit hub on schedule."