Howard and Edward Milstein’s sale of 11 Times Square–the hole at 42nd Street and 8th Avenue–went through last month for a total of $305,952,384, according to online property records, which comes to about $350 a zoning square foot. (The Times had it as “more than $260 million” when the contract was signed.) And it’s Read More
On a steamy November day just hours after the crash of American Airlines Flight 587, Mike Mayo, Prudential Securities Inc.’s curmudgeonly bank analyst, was telling a packed room of investors why bank stocks stink.
“We are cautious on the banks,” Mr. Mayo said. “More and more, we see them relying on hot money for their Read More
Wick Simmons, the former chief executive of Prudential Securities, would have been proud. The grand ballroom at the Plaza Hotel was chock-full of money managers nibbling away at their plates of filet mignon, their attention focused on Prudential Securities star strategist Ralph Acampora, who was delivering the keynote address.
The date was Nov. 1, a Read More
Nearly a decade has passed since Charles Millard had the good sense to visit Wise Guys during what seemed like an unlikely campaign for a City Council seat from the Upper East Side. It was unlikely because he was a Republican, he was running against an incumbent, and nobody had ever heard of him. Read More
On the gloomy block of 25th Street between Fifth and Sixth avenues, a line of shivering people, some 500 of us, stretched down the sidewalk and doubled back again. We were waiting to enter a large, dark building. Men working on a nearby construction project squinted. Most of the women were well coiffed, in dark Read More
With great fanfare, a development team led by publishing magnate Mortimer Zuckerman announced in late March that it would pay an astounding $330 million for the Prudential Insurance Company of America’s two remaining properties on 42nd Street. But what went unnoticed in the resulting clamor was that the amount of buildable space at the sites Read More
