FDIC Signs Lease for Empire State Building

Over the objections of Lower Manhattan elected officials, the F.D.I.C. on July 1 signed a 10-year lease for 100,000 square feet at the Empire State Building.

"We plan to relocate the New York regional office and field offices to this location from the current building at 20 Exchange Street prior to the lease expiration on December 31, 2010," said David Barr, a spokesman for the F.D.I.C. The Observer first reported the government's interest in...

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