The WSJ reported this morning that JP Morgan is selling 23 properties as it consolidates operations, including the move into BS's former headquarters. Noted that they would likely have to lease back some of the space to get eyes on the deal, and also noted that they were not offering financing to the buyer.
The other bit of news on the front page this morning was more Lightstone/Extended Stay commentary - more of the same old thing, though. Although nothing new, it is ironic that both have the Bear Stearns tie in (Maiden Lane is one of the creditors due to their exposure to BS's old balance sheet).
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