NEW YORK CITY- Fred Alger Management lost more than half its New York staff on Sept. 11 but a comprehensive disaster recovery plan allowed survivors to keep the complex business moving from a well-maintained backup facility.
NEW YORK CITY-The Columbus, OH retail REIT unloads Georgesville Square community shopping center for $19.6 million. The buyer also assumes $15.9 million in mortgage debt on the property.
NEW YORK CITY-In a long-planned move that will lodge Nasdaq's headquarters cheek-by-jowl with its neon-slathered MarketSite Tower in Midtown, the firm will move from two floors of Downtown office space to the Times Square Studios building.
NEW YORK CITY-The redevelopment group's plan to distribute HUD funds to Downtown residents and businesses needs a major overhaul if it is to provide meaningful assistance to Lower Manhattan.
GREATER NEW YORK-Kmart Corp. today released a hit list of 284 stores that will close as part of its initial Chapter 11 financial objectives review. Nine New York Big Kmart stores are affected.
NEW YORK CITY-An aid package totaling $21.3 million for city and state recovery from the World Trade Center bombings has the support of President George W. Bush, Governor George Pataki revealed today.
NEW YORK CITY-The recent spate of real estate security seminars have largely focused on new technology that property owners will need to compete in the post-Sept. 11 marketplace. Newmark took a different approach.
NEW YORK CITY-The venerated retailer has confirmed reports stating that it has signed a letter of intent with the city to explore the possibility of opening a second store in lower Manhattan. The retailer has been scouting the area for two years.
NEW YORK CITY-The 300-year-old financial services firm signs a four-year renewal valued at $20 million for three floors of the 32-story Downtown office tower. Colliers ABR represented building owner Merrill Lynch in the deal--one of the largest post-Sept. 11 renewals in Lower Manhattan.
NEW YORK CITY-Washington Mutual and North Bank--both in rapid-expansion mode--have signed leases for new Manhattan branches. WaMu has taken a space on the Upper West Side while North Fork will move into Midtown digs on Madison Avenue.
