Sunday, 28 December 2014
Last updated 3 days ago
Dec 18 2012 | 10:38am ET
A New York hedge fund selling the world's most expensive office space has had to cut the asking price by 20%—but that still hasn't knocked it off of its perch.
Zimmer Lucas Capital bought the Beaux Arts townhouse on West 54th Street in 2005 for $13 million; a year later, the hedge fund moved in. But Zimmer Lucas put the five-story mansion, formerly the home of Lehman Brothers co-founder Philip Lehman, on the market in May, seeking $65 million.
But, according to Curbed, you can now have the 1899 landmark, known as the Lehman Art House, for just $49.9 million. That still adds up to more than $3,000 per square foot—almost twice the current Manhattan record for office space.
Your money would get you 16,600 square feet "meticulously restored with the expertise of the Metropolitan Museum of Art"—where Lehman's art collection ended up—but with trading rooms, offices and a new glass penthouse just across the street from the Museum of Modern Art.
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.