Few things are as associated with New York—bagels, the subway, Woody Allen—as skyscrapers, from the Empire State Building to the World Trade Center. They are increasingly becoming defining icons in other world cities, as well, from Dubai to Shanghai, a fact that may well auger a coming economic crisis for a few eastern economies, according Read More
This just in from the department of second chances: Jeffrey Peek, who helped steward financial-services firm CIT Group into its November 2009 bankruptcy, has landed a new gig as vice chairman of Barclays Capital’s investment banking division.
From 2003 to 2009, Peek’s tenure as CEO of CIT was marked by an effort to Read More
Are the naming rights for Bruce Ratner’s planned Nets arena worth what they used to be?
In January 2007, Mr. Ratner, Nets owner and developer of the planned $4.9 billion Atlantic Yards project in Brooklyn, trumpeted a record-setting naming rights deal for the new $900 million basketball arena that would be the centerpiece of the Read More
You can have it if you want it … and have $105 million to spend.
The dun-colored, 23-story 475 Fifth Avenue, which lender Barclays Capital earlier this year took back from Westbrook Partners and embattled developer Joseph Moinian, is now quietly letting it be known that it will part ways with the office tower Read More
Sports are feeling the chill of the financial crisis, according to this morning’s Wall Street Journal. That includes plans for the new Mets and Nets arenas in Queens and Brooklyn, respectively. Looks like their namesakes just beat the clock!
Within the past two years, Citigroup Inc. and Barclays PLC have signed Read More
