Daily Clips: February 25, 2010

Wallcome!
New York Post
Wall Street is getting cheaper and more livable. “It’s become a 24-hour neighborhood,” says Jack Berman, vice president of Metro Loft Management.

Deal on Payment for Removal of Deutsche Bank Building
The New York Times
The Lower Manhattan Development Corporation has reached a settlement with two former insurers — AXA and Allianz — in which the insurers agreed to pay a total of $102 million toward the $300 million cost of deconstructing the former Deutsche Bank building.

Mall Operator Plans to Split Company to Exit Bankruptcy
The New York Times
General Growth Properties, the operator of South Street Seaport, said will split into two companies as part of a plan to lift itself out of one of the largest real estate bankruptcy cases in corporate history.

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