NY Observer > Pfizer

Pfizer Goes On Diet

Dana Rubinstein — Tue, 17 Jun 2008 16:22:32 -0400

It's a trend! Pfizer wants to sublease 750,000 square feet of office space, according to a report today in Crain's New York Business, joining a growing set of firms seeking to shed excess space in the slumping economy:

"The Royal Bank of Scotland is marketing about 140,000 square feet at 7 World Trade Center that it inherited when it bought ABN Amro. J.P. Morgan Chase & Co.’s purchase of Bear Stearns Cos. is also expected to put hundreds of thousands of square feet on the market. In addition, sources say Lehman Brothers is also trying to unload 400,000 square feet of space.

"Meanwhile, Goldman Sachs is preparing to sublease about 500,000 square feet at 77 Water St. read more »

15CPW ALERT! Pfizer Exec Buys for $2.5 M.

Lysandra Ohrstrom — Wed, 19 Mar 2008 14:46:57 -0400

Gary Jortner, executive vice president of corporate affairs at Pfizer, has bought what we can only assume is a pied a terre at 15 Central Park West given its relatively modest price tag of $2.48 million, city records show. Mr. Jortner and his wife Cindy live in Rye, according to the property deed.

One of the most successful Big Pharma firms, Pfizer has been slagging lately. In January, it announced plans to cut 10,000 jobs and close five plants in the U.S. read more »

It's Lopez vs. Pfizer Over Affordable Housing at Old Williamsburg Plant

Eliot Brown — Wed, 23 Jan 2008 14:10:57 -0500

As Pfizer seeks to sell its 15-acre plant site in Williamsburg to a private developer, Assemblyman Vito Lopez, the chairman of the Assembly’s housing committee, is pressing the pharma giant on affordable housing.

Mr. Lopez, also the chairman of the Brooklyn Democratic Party, has been circulating a draft bill to acquire the site through eminent domain, and now his office is organizing a group of community leaders to add pressure on Pfizer. read more »