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NEWS
55 Broad Street Hosts BizRadio
2005-08-31 17:06:29
VB Porter & Company completed a 5 year lease for Frishberg, Jordan, Stewart & Kaleta Advisors Inc. at 55 Broad Street building, also known as The New York Information Technology Center. Frishberg will have their offices on the 20th floor and air their business radio show from the lobby studio. This transaction was an excellent fit for both sides, bringing life and activity to the Rudin building and allowing the Houston company to air Michael Norman's radio show from New York.
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- Several community and regional banks, already squeezed by the subprime mortgage crisis, tightened consumer lending and falling share prices, are following the lead of some banking giants and pursuing sale-leasebacks as a hedge against current economic volatility. The strategy allows banks to raise cash while pruning unneeded brick-and-mortar assets from their balance sheets. In addition to large deals by the likes of Citi, Wachovia and SunTrust to monetize a portion of the...
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