Morgan Stanley, Deutsche Bank & 15 Penn Plaza

Once agin, 15PP has reared its ugly head. This time in the form of Morgan Stanley, and Deutsche Bank. Multiple papers are reporting that the two financial giants are in talks with Vornado to move to the site of the Hotel Pennsylvania.  As you know back in 2007 Merrill Lynch was close to signing with Vornado, before the stock market crash.  No further details are known about  the possible deal yet, we are investigating, and will of course let everyone know via our Facebook, Twitter, and websites.

One interesting notes on this is Vornado just took a loan from Deutsche Bank to the tune of $396M for the mortgage on 85 10th Avenue.