From Bloomberg: Last night, his Rudin Management Co. was
pumping out the basement, and he was grateful his building manager and engineer
weren’t seriously hurt when water poured in as they were shutting down steam
lines and checking equipment. Now owners such as Rudin are dealing with the aftermath of
the Atlantic storm Sandy, which triggered flooding on Oct. 29 that was anything
but normal in lower Manhattan and may have put some buildings that are home to
Wall Street firms out of commission for weeks. Landlords are draining basements
and determining what it will take to get vital systems for electricity and
steam back in service. Among the companies facing possible delays returning to
their offices are Morgan Stanley and American International Group Inc. (AIG)
The tower at 80 Pine is one of two of Rudin’s buildings that
flooded, he said. The other is 110 Wall St. Tenants at 80 Pine include law firm
Cahill Gordon & Reindel LLP, and Tullett Prebon Americas Corp., a unit of
the London-based inter-broker dealer, according to data from CoStar Group Inc.
(CSGP), a Washington- based firm that tracks commercial-property leasing….
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