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August 8, 2007
Free: Marketplace
Who knew that the New York Law Journal had a "Real Estate Update"? Hot off the presses, news that:
JAMS (Judicial Arbitration and Mediation Services Inc.) has announced plans to increase its presence in New York City with the opening of its new dispute resolution center in The New York Times Building at 620 Eighth Avenue, between 40th and 41st Streets, in January 2008.
...
Mr. Price said the 10-year lease on the 34th floor of the Times building will enable the company to consolidate its current New York offices into one location and accommodate the arrival of more neutrals. Many circular rooms will be featured in the floor plan."There are things we can accomplish on this floor that we couldn't in the other locations, aside from the size," Mr. Price said. "We don't need office space in the traditional sense. A round space is good for us."
...
"All our hearing rooms are going to be sound-proofed because there are confidential cases going on all the time," he said. "The sound travels and we can't have that."Neither Mr. Price nor representatives from Forest City Ratner Companies, the landlord, would comment on the cost of the lease.
Posted by lumi at August 8, 2007 7:14 AM