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1585 Broadway, also called the Morgan Stanley Building, is a 42-story office building on Times Square in the Theater District neighborhood of Manhattan in New York City.The building was designed by Gwathmey Siegel & Associates Architects and Emery Roth & Sons and was developed by David and Jean Solomon. 1585 Broadway occupies a site on the west side of Broadway between 47th and 48th Streets.
Morgan Stanley [4] is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.With offices in 41 countries and more than 90,000 employees, the firm's clients include corporations, governments, institutions, and individuals. [2]
The Hong Kong firm Glorious Sun was considered purchasing 750 Seventh Avenue at the time, but the firm ultimately decided to let Morgan Stanley buy it instead. [82] Morgan Stanley bought 750 Seventh Avenue in 1994 for $90 million. [52] [83] [a] Morgan Stanley installed signs on the facade to comply with the city regulations. [13]
Morgan Stanley sign on the floor of the New York Stock Exchange (NYSE) in New York on Jan. 24.
As you can see in the following chart, the majority of Morgan Stanley's 1.97 billion shares are held by institutional investors. Company insiders, including board members and corporate executives ...
The Wall Street veteran noted in a Morgan Stanley’s Thoughts on the Market podcast on Monday that stock market valuations remain elevated given the threats to consumer spending, higher interest ...
In March 2002, Morgan Stanley acquired the building from Chevron for $42 million. At the time of the September 11 attacks, Morgan Stanley was a major tenant in the World Trade Center, had additional offices in 750 Seventh Avenue, and was building 1585 Broadway. The attacks raised major strategic concerns for the company, as it had its trading ...
On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley's Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture. The joint venture operates as Morgan Stanley Smith Barney. [14]