Posted Jan 4, 2022, 8:59 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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We’ll keep an eye on this.
https://www.bloomberg.com/news/artic...k-headquarters
Morgan Stanley Bets on NYC With Lease for BlackRock Offices
By Natalie Wong
January 4, 2022
Quote:
Morgan Stanley is betting on offices in New York City.
The New York-based bank has signed a deal to take over space that houses the headquarters of BlackRock Inc., according to people familiar with the matter. The 15-year lease is for roughly 400,000 square feet (37,000 square meters) at Park Avenue Plaza, at 55 E. 52nd St., one of the people said. BlackRock is moving west to Hudson Yards in 2023.
The lease is among the largest deals signed in New York since the pandemic began and it comes as a surge in Covid-19 cases pushes Wall Street firms to adjust their return-to-work plans. Like other finance bosses, Morgan Stanley Chief Executive Officer James Gorman has been vocal about the value of offices. Last year, he made waves when he argued that if employees could go to restaurants they could make their way into work.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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