At a Glance

1585 Broadway

Transaction History

In December 1993, M. Myers Mermel of Morgan Stanley's Real Estate Investment Banking Group advised the Inside Board of Morgan Stanley to bid for the building in a creditor's sale. Mr. Mermel's idea was to consolidate the debt and equity operations of Morgan Stanley into one building. Since that time, the strategy and property has become a centerpiece of the firm. From a real estate perspective, it remains the largest single asset distressed purchase in New York City history.   

The Company

Morgan Stanley has earned a worldwide reputation for excellence in financial advice and market execution. The 53,760 members of Morgan Stanley in 28 countries connect people, ideas and capital to help their clients achieve their financial aspirations. See www.morganstanley.com