When Richard J. Bailes and his family paid $4.1 million in March for a four-bedroom apartment in the glass and steel Georgica on Manhattan’s Upper East Side, just eight of the building’s 58 units were occupied, he said.
Manhattan apartment dwellers are getting some relief after two years of rent increases that brought tenant costs close to a new peak.
Bank of America Corp., the second- biggest U.S. lender by assets, said Ed Riley and Jonathan Miller will lead a new team catering to ultra-high-net-worth clients.
"Both sides are going to be annoyed."
- Jonathan Miller on Jan 14, 2015
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