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Old Posted Mar 2, 2011, 11:57 AM
RobertWalpole RobertWalpole is offline
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Join Date: Apr 2010
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Lois Weiss suggests that the Amex building won't come down. I hope that she's right.

March 2, 2011

Lois Weiss
BETWEEN THE BRICKS


Read more: http://www.nypost.com/p/news/busines...zz1FRVWR0SaTwo buildings owned by affiliates of the NYSE Euronext were sold to hedge fund guru and commodity trader Michael Steinhardt of Steinhardt Management for a total of $65 million.

The old American Stock Exchange Building at 86 Trinity Place was sold for $17 million.

The 14-story former Curb Exchange building, built in 1931, also has the address of 125 Greenwich.

At the same time, the building next door -- at 22 Thames St., aka 123 Greenwich -- was sold for $48 million to the same entity.

The Curb Exchange building was closed at the end of 2008, when trading for the Amex was moved to the floor of the NYSE.

The new owners hope to turn the Trinity Place building into a retail complex, according to The Wall Street Journal, along with a 174-room boutique hotel. Meanwhile, they will tear down the 10-story Thames Street building and build a 60-story building that is likely to be luxury rentals, the newspaper reported on its Web site yesterday.



Read more: http://www.nypost.com/p/news/busines...#ixzz1FRV6BgSc
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