Quote:
Originally Posted by 10023
Eh. William Blair is an investment bank. Investment banks don't do suburbs. And please don't mention Goldman Sachs' Jersey City tower - that's back office folks, not actual bankers. There was some discussion about moving bankers, but they realized it would have caused an insurrection and made everyone leave.
So William Blair moving to this tower really says nothing aside from either:
1. They didn't like their space in the USG tower.
2. They need more room than they can get in the USG tower.
3. They'll be paying materially less for space in this tower.
That's it. It's not really a stamp of approval for the downtown market vs. any other market in the metro area. And investment banks open satellite offices, but they don't just up and move cities. So basically as long as there is a William Blair & Co., it will be headquartered in downtown Chicago.
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^ Point taken, but the fact that Blair is expanding can be taken as a sign that they anticipate more hiring, and that for sure is a good thing.
By the way, I'm guessing you live in Manhattan. Upper West Side, might I venture to guess?