Apartment business boom a return to form
In a recent report from Morgan Stanley, analyst Oliver Chang suggested 2012 will be an exceptional year for the multifamily sector, Reuters reports, projecting that improvements which marked 2011 will…
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley operates in 42 countries, and has more than 1300 offices and 60,000 employees. The company reports US$779 billion as assets under its management. It is headquartered in the Morgan Stanley Building, in Midtown Manhattan, New York City.
The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities, and Investment Management.
The company found itself in the…
Confidence in London Commercial Property Drops
The London commercial property market is experiencing its lowest level of confidence in two years, according to a new study. The survey by Lloyds Banking Group - which examines the…