Morgan Stanley

That perspiring, uncomfortable-looking Wall Streeter you sat next to on the subway this morning might have been a Morgan Stanley banker. Dealbreaker reports that as part of the firm's new "new cost-cutting initiative, taxi reimbursement will not be provided until after 10 pm."

Morgan Stanley posted its first-ever quarterly loss at the end of last year after taking a $9.4 billion dollar write-down on subprime mortgage investments.  read more »

After Morgan Stanley took a beating from the collapse of the subprime mortgage market, one would think the firm's global co-chief of real estate investment might have second thoughts about making any real estate investments of his own. But not only did K.S. Kalsi (a.k.a. Sonny) and his wife pay $14.6 million for a fifth-floor condo at 15 Central Park West, according to city records, he took out two different mortgages--one for $1 million and the other for $8 million--on the apartment.  read more »

More than three months after bids were submitted to the Metropolitan Transportation Authority, Morgan Stanley is putting out a request for proposals for an architect to design its headquarters at the West Side rail yards, according to a source.

With five teams still vying to build over the yards and a winner not set to be announced until at least March, Morgan Stanley seems rather anxious to get going—should it be victorious, that is.  read more »

Christian Curry is set to appear in Superior Court in Los Angeles next month to face three felony charges.  read more »

The Tishman Speyer plan looks, in comparison to Extell’s eclecticism or Brookfield’s urbanism, downright conservative (or, if you prefer, stately). It is not enormously high (about 1,000 feet), and is almost perfectly symmetrical along an east-west axis. The towers grow progressively smaller as they move to the west.

Its edge comes from the money behind it: the Speyers joined up with Morgan Stanley in a 50-50 partnership, and the investment bank will own its own 3-million-square-foot building. That’s the one in the right rear in the above picture. The fountain area is called “The Forum”; in the foreground stands what Tishman-Speyer/Morgan Stanley is calling “The New York Steps.”

Having a bank as a main tenant is nothing like having an international, multimedia company around, nor even a sexy magazine publisher, but maybe that’s what people are talking about when they compare the greater Hudson Yards neighborhood to Canary Wharf in London. With just 3,000 apartments (300 of which are affordable) and 10 million square feet of office, Tishman Speyer’s proposal leans more heavily commercial than any of the others. Despite the fact that financial firms work around the clock, somehow this bid does not seem like it will do much for the nightlife along the Hudson.

The designer, Helmut Jahn, has done sweeping statements for Jerry Speyer before--consider the Sony Center in Berlin--and maybe he will here again, after the bid gets through committee.

“We think that by having our tenant and partner pretty much guarantees the success of the project,” Mr. Speyer said. “We have a tenant. We have the capital. We’re ready to buy the land and to do what needs to be done.”

So how bad is it that Morgan Stanley sold its 7.2 percent ownership stake in The New York Times Company? Not as bad as it sounds.

"Believe me, Arthur Sulzberger won’t be losing sleep over this," said Edward Atorino, a media analyst at The Benchmark Company.

"Everyone on Wall Street knows that Morgan Stanley made a futile effort to affect some changes at The New York Times. They sold this stock at a big loss."

Morgan Stanley bought into the Times in 1996 and has been critical of the company's dual-class share structure where investors like Morgan Stanley can gobble up most of the Class A shares, but the Sulzberger family calls most of the shots.

Mr. Atorino said Morgan Stanley's decision won't really hurt The Times—if anything it's probably a relief.

"Morgan Stanley didn't care about the editorial base, they just cared that the stock number went up," he explained. "I have a feeling Arthur isn't worried about this."

Broadway Partners is looking for some money-men to help pay for its $5 billion portfolio buy from Beacon Capital Partners, which includes 237 Park Avenue and 100 Wall Street. The Observer reported the purchase last week.

The leading candidates are the usual suspects. Lehman Brothers, Morgan Stanley, RBS Greenwich Capital and Wachovia are all in contention, reports Paul Fiorilla of the Commercial Mortage Alert.

Mr. Fiorilla also offers an analysis worth reading:

Broadway might seek to flip some of the 15 properties, as it did in the previous deal with Beacon. Broadway's third vehicle comes right on the heels of its second fund, which closed in December with $590 million of equity. Broadway's two-month turnaround may be unprecedented. Gaps between fund-raising campaigns are usually at least six months and often a year or longer.

The piece is a month old, but it's fun in a wonky, finance way. The piece is after the jump.  read more »

- John Koblin

The guy to complete the last big deal ordinarily gets to shout “King o’ the Mountain!&rd  read more »

Hillary Clinton said, "If I had been president in October of 2002, I would not have started the war."

Liza Sabater has more on the speech here.

The defense secretary says there are no plans for war with Iran.

Rudy Giuliani's exploratory committee is getting help from some high-profile moguls.

In a poll of 900 registered voters, 27percent said they think God plays a role in determining who wins a sports game.

The Sulzbergers are taking their money out of Morgan Stanley.

Barack Obama doesn't want to dig up any more skeletons.

And pictured above is Eliot Spitzer holding forth on something.

-- Azi Paybarah

Is Morgan Stanley That Dumb?  read more »

Back when he was an investment banker at Morgan Stanley, Jonathan A.  read more »

Back when he was an investment banker at Morgan Stanley, Jonathan A.  read more »

“Is that spelled A-N?” “No, it’s spelled A-N-N.  read more »

“Is that spelled A-N?”    read more »

Shearman and Sterling, the venerable 131-year-old law firm known for advising on some of the highest  read more »

"The problem with Wall Street," my lunch companion remarked, "was that in a firm employing many thou  read more »

"You know what I think New York is friendly to?" wheezed Hustler magazine's Larry Flynt, speaking by  read more »

"I think a lot of people are obsessed with this word 'socialite,'" said 25-year-old Fabian Basabe at  read more »

Last July, Christian Curry told a New York Post reporter: "I don't owe money to a single living ass!  read more »

On a recent Friday evening at Tao, the cavernous Pan-Asian restaurant on 58th Street, Alexis (not he  read more »

In August 2000, Barton Biggs-global strategist of Morgan Stanleyand a man widely pilloried for faili  read more »

When Bear Stearns chairman and chief executive Jimmy Cayne sentan internal e-mail on Oct.  read more »

Jack DiMaio, a 34-year-old managing director for Credit Suisse First Boston, will earn somewhere in  read more »

Here we are again, but different.  read more »

The markets havecrashed; the buyers are in retreat. Merrill Lynch and Morgan Stanley both  read more »

During his July 12 conference call from Zurich, CreditSuisse Group chairman Lukas Mühlemann could n  read more »

The cabby, uncharacteristically for that breed, did as he was told, exiting the cab and waving good  read more »

It was 9 a.m.  read more »

The life of the takeout-delivery man isn't an especially glamorous one, what with snow, rain, sadist  read more »

A little over a year ago, the acronyms B2B and B2C stood fora lot more than the Internet business mo  read more »

The sun may have been ascendant in Scottsdale, Ariz., lastweek, but the mood was glum.  read more »

Where is Dwight Sipprelle?  read more »

J. Shelby Bryan is tall, smooth and charming–seductive, even. He is an incomparable salesman.  read more »

The job market must be really brisk, because Christian Curry is back on Wall Street.Nearly two years  read more »

Three eloquent bears gathered for breakfast on Dec.  read more »

Peter Stingi is the paymaster at Merrill Lynch & Company.  read more »

Morgan Stanley Dean Witter & Company, which might be the best investment bank on Wall Street, had a  read more »

The departure of John F.  read more »

On Nov.  read more »

In a matter of weeks, the class of 1999 will show up for its first dayin the analyst training progra  read more »

The day he filed a discrimination suit against Morgan Stanley Dean Witter & Company for $1.35 billio  read more »

Officials from Morgan Stanley Dean Witter & Company paid $10,000 to set up a former employee for com  read more »

Craig Ryan Spradling was in a hurry.  read more »

Joe Wall Street On May 6, 30 or so Masters of the Universe from Morgan Stanley, Dean Witter, Discove  read more »

Joey Adams Jr.'s N.Y.C. Sex Jokes There are so many strip clubs in N.Y.C.  read more »

The bicycle delivery boys and the puddles of slush from the stopped-up drains aren't enough of an ag  read more »

Philip Potter's luck was soaring as high as the summertime Dow.  read more »