leasing
Parents, Put Away Your W-2s! Manhattan Insurer Will Be Your Kid's Co-Signer
Finally, no more embarrassing calls from fairly well-employed thirty-somethings to their baffled parents in the sticks. "Dad, can you co-sign?"
Manhattan-based Insurent Agency Corporation announced Tuesday a new program to insure renters whose income levels do not meet the ridiculous 40- to 50-times-the-monthly-rent formula required by greedy landlords citywide.
The full details after the jump. read more »
God Help Us. Lawyers Plan Long-Term with $900 M. Lease
Cravath is staying right at home in their Death Star.
The white shoe law firm Cravath, Swaine & Moore has signed a 15-year renewal at the Worldwide Plaza at 825 Eighth Avenue that will cost the firm $900 million, Bloomberg News reports.
That would make the deal one of the most expensive real estate committments in history. MetLife agreed last December to pay about $850 million over 21 years when it leased 410,000 square feet at 1095 Avenue of the Americas. read more »
