The Financial Industry Regulatory Authority, or FINRA, is looking to move to One World Financial Center, as part of its expansion plans. The securities firm regulator is negotiating for 204,067 square feet of space on floors 9-12 in a sublease from Dow Jones, which moved to Midtown from the Brookfield-owned tower about 18 months ago. The deal, which isn’t done but appears to be in the works, would give FINRA an additional 50,000 square feet of space, sources told the Post. Calls to FINRA’s brokers, Cushman & Wakefield’s John Cefaly and Rob Lowe, weren’t returned. Dow Jones’ representative, CBRE’s Kenneth Rapp, declined to comment. Comments

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Realogy’s debt prices skyrocketed
as the real estate giant announced it is seeking $325 million of
second-lien term loans in exchange for bonds held by Icahn Partners.
According to a source familiar with the deal, JPMorgan Chase will
arrange the 4.5-year loan, which will be used to repay existing bank
debt which has climbed even higher. As of 2:44 p.m. today, Realogy’s
$1.7 billion of 10.5 percent notes due in 2014 rose 8.6 cents to 80.75
cents on the dollar, according to Trace, a bond price reporting system
of the Financial Industry Regulatory Authority. “The transaction, if it
closes, will allow Realogy to pay down first-lien secured debt,” said
Emile Courtney, an analyst at Standard & Poor’s. [Bloomberg] [more]