The Morgan Stanley Building
Overview
 
1585 Broadway is the headquarters of Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....

, on the west side of Broadway, north of Duffy Square
Duffy Square
Duffy Square is the northern triangle of Times Square in Manhattan, New York City. It is located between 45th and 47th Streets, Broadway and Seventh Avenue and is well known for the TKTS reduced-price theater tickets booth located there....

 in Midtown Manhattan.
Even before 1585 Broadway
Broadway (New York City)
Broadway is a prominent avenue in New York City, United States, which runs through the full length of the borough of Manhattan and continues northward through the Bronx borough before terminating in Westchester County, New York. It is the oldest north–south main thoroughfare in the city, dating to...

 began to rise over Duffy Square
Duffy Square
Duffy Square is the northern triangle of Times Square in Manhattan, New York City. It is located between 45th and 47th Streets, Broadway and Seventh Avenue and is well known for the TKTS reduced-price theater tickets booth located there....

, its developer, David S. Solomon, had signed law firm Proskauer Rose
Proskauer Rose
Proskauer Rose is one of the largest law firms in the United States, with twelve offices in the United States and around the world...

 to a 20-year lease for 365,000 square feet (33,900 square meters). A notable achievement at any time, the deal was a milestone in a market where a growing number of new buildings were competing heavily for a shrinking number of tenants.

In December 1991, the original developer, 1585 Broadway Associates, controlled by Solomon, filed for bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....

, leaving unfinished building construction, stalled leasing, and strained tenant relationships.

A consortium of banks then gained control of the asset through the bankruptcy process and hired Hines Interests Limited Partnership
Hines Interests Limited Partnership
Hines Interests Limited Partnership is privately held international commercial real estate concern with its headquarters located in the Williams Tower in Uptown Houston, Texas...

 to manage the property.

Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....

 bought the building for $176 million in August 1993 and moved in two years later.
Quotations

When I read something saying I've not done anything as good as Catch-22 I'm tempted to reply, "Who has?"

As quoted in The Oxford Dictionary of Literary Quotations (1997) edited by Peter Kemp, p. 303

It was love at first sight. The first time Yossarian saw the chaplain he fell madly in love with him.

Opening Lines

The Texan turned out to be good-natured, generous and likeable. In three days no one could stand him.

"Open your eyes, Clevinger. It doesn't make a damned bit of difference who wins the war to someone who's dead."

Clevinger was dead. That was the basic flaw in his philosophy.

"The enemy is anybody who's going to get you killed, no matter which side he's on."

He had decided to live forever or die in the attempt, and his only mission each time he went up was to come down alive.

 
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