Citigroup Sets Sail

Crain’s is reporting that Citigroup is negotiating a 370,000-square foot lease in Jersey City and may sell its office tower at 250 West Street in Tribeca that now houses the Smith Barney investment banking division. The Daily News notes that Citi CEO Charles Prince is co-chairman of the Partnership for New York City, one of Lower Manhattan’s biggest boosters.

-Matthew Schuerman