By Daniel Edward Rosen 12/29/11 9:00am

lease beat

4 MetroTech. (Courtesy Property Shark)

Deutsche Bank Takes 50K in Brooklyn

Deutsche Bank AG will be opening its first office in Downtown Brooklyn after it agreed to take 50,000 square feet at the JPMorgan Chase-owned 4 MetroTech Center, The Commercial Observer has learned. Read More

By Dan Geiger 12/13/11 9:39am

lease beat

1 Chase Manhattan Plaza. (Courtesy Property Shark)

EXCLUSIVE: In a Reversal, Law Firm Milbank Tweed Considers a Renewal

The law firm Milbank Tweed, Hadley & McCloy LLP is negotiating to renew its lease at the downtown office building 1 Chase Manhattan Plaza, sources said.

The firm occupies 375,000 square feet on several floors at the property, which is owned by the bank JP Morgan Chase. Rents in the deal were not available by press time. The lease is a change in plans for the company. Read More

By Sam Chandan 11/22/11 2:00pm

the lead indicator

Sam Chandan.

Core Investors Unfazed by Global Crisis and Domestic Imprudence

The potential for disruptions to global financial stability increased heading into last weekend. In Europe, both Germany and the European Central Bank rejected calls to expand the bailout to include large-scale bond purchases, insisting instead that the latter’s credibility depends upon its prioritization of price stability.

At a gathering of the Frankfurt Banking Conference, German Bundesbank president and European Central Bank Governing Council member Jens Weidmann said on Friday that “the economic costs of any form of monetary financing of public debts and deficits outweigh its benefits so clearly that it will not help to stabilize the current situation.” Read More

By Thornton McEnery 9/20/11 1:46pm

This Old House

IMG_0223

Outerborough Pols Demand Jamie Dimon Visit Foreclosure-Ravaged Neighborhoods

A group of vocal protestors was bunched in tightly together within the confines of a narrow sliver of sidewalk that JP Morgan security had provided for them yesterday morning. By design, the space kept the group safely off the spacious outdoor plaza in front of the company’s headquarters at 270 Park Avenue, placing their backs against the wide, waist high concrete bollards that delineate private property from the city sidewalk.

The protestors’ uncomfortable position simultaneously allowed a constant flow of pedestrian traffic to move past them on the sidewalk and to obstruct the view of onlookers, which consisted almost entirely of curiously observant JP Morgan employees leaving the building for lunch. The rest were the various City Council employees that were on hand to staff the three members who took turns at the makeshift lecturn shoved snuggly into the center of the chanting crowd.

Unfortunately for the protestors, their chaotic, ad hoc physical placement and the clear lack of an interested public seemed to echo the rather jumbled message that they brought to the headquarters of the corporation that they insulted, accused and then, bizarrely, invited out for a walk around Brooklyn, where they believe Chase is wreaking havoc on low-income homeonwers. Read More

By The Editors 4/12/11 11:27pm

Editorial

Foreclosure Investigations: Schneiderman Has Every Right to Pry

Amid revelations that foreclosures around the country have been improperly processed, State Attorney General Eric Schneiderman is stepping up an investigation of the cottage industry that foreclosures have become in New York. Mr. Schneiderman’s office recently issued subpoenas to a law firm that has handled about 40 percent of all foreclosures in the state. The Read More

By Mike Taylor 9/28/10 1:13pm

JPMorgan Moves Prop Traders Into Asset Management

JP Morgan Chase, the U.S.’s second-largest bank by assets, is moving its proprietary trading desk over to its asset-management business in hopes that switching the traders to a new department will put it in line with new regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The New York Times reports that Read More