Thursday, 25 December 2014
Last updated 1 day ago
Feb 12 2007 | 11:31am ET
Could a private equity or hedge fund be the next owner of the new World Trade Center in Lower Manhattan?
The Port Authority of New York and New Jersey, the bi-state agency that developed and owns the WTC, seems to hope so. The Wall Street Journal reports that the PA is shopping the future Freedom Tower, the 1,776-foot-tall, 2.6 million square foot centerpiece of the Trade Center site. The newspaper, citing people familiar with the situation, reports that the agency hopes to get hedge funds or private equity funds to buy all or part of the $3 billion skyscraper, which will be New York’s tallest upon its completion, scheduled for 2012.
So far, the Freedom Tower has lease commitments for 1 million square feet, all of it from the federal and New York State governments.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.