Downtown Manhattan on the Up and Up

Origin: 
Commercial Observer
Single date: 
4/10/2012
URL: 
http://www.commercialobserver.com/2012/04/downtown-manhattan-on-the-up-and-up/

For much of the past decade the only hope for a broker looking to make money off of Downtown office space was to do a deal like 70 Pine Street: Take a lavish 62-story Art Deco headquarters that was once owned by a spectacularly failed financial firm like AIG and turn it into opulent apartments where bankers would rather live than work.