Morgan Stanley to renew at 1 NY Plaza?

New York /
Oct.October 19, 2010 08:30 AM

Newmark’s Barry Gosin

The commercial real estate rumor mill is buzzing with reports that Morgan Stanley is mulling a move to the 1 million square feet Goldman Sachs vacated at 85 Broad Street when it moved to its new 200 West Street tower, but the Post’s Steve Cuozzo notes that the rumors probably aren’t true. In fact, his sources gossiped that Morgan Stanley, despite having hired Newmark Knight Frank’s Barry Gosin to help the bank hunt for downtown space, is actually angling to stay at 1 New York Plaza when its 700,000-square-foot lease expires in 2013. Morgan Stanley did check out 85 Broad, but it’s possible that all the talk about moving is a ploy to convince landlord Brookfield Properties to negotiate a cheaper renewal lease and possible 300,000-square-foot expansion at 1 New York Plaza, according to Cuozzo. “So, they’re trying to use 85 Broad as a stalking horse to persuade Brookfield how nice it would be to keep them,” one source said. [Post]

 

Related Articles

arrow_forward_ios
Spiros and Antonia Milonas with the Briarcliff (Getty, Zillow)
Morgan Stanley wades into Milonas condo feud
Morgan Stanley wades into Milonas condo feud
Morgan Stanley inks massive lease at Fisher Brothers’ Park Avenue Plaza
Morgan Stanley inks massive lease at Fisher Brothers’ Park Avenue Plaza
Morgan Stanley inks massive lease at Fisher Brothers’ Park Avenue Plaza
Morgan Stanley's John Klopp and Global Student Accommodation's Nicholas Porter (Morgan Stanley, GSA)
Morgan Stanley targeting student housing rebound with joint venture
Morgan Stanley targeting student housing rebound with joint venture
1301 Sixth Avenue and Paramount Group's Albert Behler (Google Maps, Getty)
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
(iStock illustration by Kevin Rebong for The Real Deal)
Morgan Stanley bans unvaccinated staffers from offices
Morgan Stanley bans unvaccinated staffers from offices
Morgan Stanley’s James P. Gorman and their Broadway headquarters. (Getty)
Morgan Stanley plans “full return” to office
Morgan Stanley plans “full return” to office
Gap Senior Director of Real Estate Jennifer Rondholz, Morgan Stanley Prime Property Fund head Scott Brown and 170 Broadway (Linkedin, Google Maps)
Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent
Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent
Newmark Grubb Knight Frank CEO Barry Gosin (Photo by Kelly Sullivan/Getty Images for BenchMarks)
Newmark profit down, revenue up
Newmark profit down, revenue up
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...