Is he the most prolific attorney in the city you’ve never heard about?
Probably not.
Still, it’s possible to lose track of just how many deals Fried Frank partner Meyer Last inked in 2011. Call it the Jon Mechanic effect.
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Construction at 3 World Trade Center could be capped at seven floors if developer Larry Silverstein can't find enough tenants to pre-lease the tower's first ten floors, Crain's New York reported.
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Credit Agricole has renewed approximately 350,000 square feet at 1301 Avenue of the Americas in one of the largest leases to get done in the second half of 2011.
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Connecticut Governor Dannel Malloy wasted little time in locking in four of the five companies he promised would bring the state more jobs under his so-called “First Five” plan, an initiative launched this year with the intention of luring new companies to the Constitution State with incentives.
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Kweku Adoboli—the rogue UBS trader who worked his way up from a London back-office desk to produce the seventh-largest trading loss in history, $2B—became one of the most notorious names in Financial screw-ups overnight! He's since spend time hoping for a miracle on Facebook, but what does his Twitter account teach us? Read More
As Wall Street continues to swagger back from the brink, once again enjoying outsized profits and sneering at federal regulators, it means good news for at least one group of New Yorkers: landlords.
As The Journal reports today, no fewer than eight major banks are each looking for at least 500,000 square feet of office space in the city. They are hunting for bargains as much as anything, taking advantage of lower rents while uncertain of their own futures and that of the economy:
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Two years after the financial crisis effectively neutered Wall Street's ability to ring in the holidays with style, some of the nation's largest banks are still keeping the eggnog in the cubpoard. TheStreet.com reports that Morgan Stanley, JPMorgan Chase, Citigroup, UBS and Bank of America will not be throwing holiday parties this year.
Santa isn't Read More
A slew of new Wall Street firms are opening up to the iPhone, according to a report by John Carney at CNBC.
According to Carney, Credit Suisse is working letting its bankers use iPhones, Bank of America has begun phasing in the touch-screen smartphones and Wall Street law firm Skadden Arps lets its lawyers expense Read More
Switzerland’s largest bank—which this week posted an incredible $1.3 billion loss, its third consecutive quarter of waning profits—continues to shed excess office space in Manhattan.
Last week, UBS sublet 28,000 square feet at 299 Park Avenue to a firm called MarketAxess, which, according to its Web site, trades in exotic instruments like “emerging markets bonds” and Read More
Settle down, everyone.
One Bryant Park’s $1.275 billion financing, as well as the marketing of the St. Regis New York retail condos and a 49 percent stake at 299 Park Avenue, do not mean, contrary to some cautiously ebullient speculation, that the New York commercial real estate market is turning.
It’s not even Read More
