So JP Morgan Chase is buying Bear Stearns, for what everybody’s reporting to be somewhere in the $230-$250 million range. That’s significantly less than Bear Stearns’ newish headquarters building at 383 Madison Ave.–a few blocks from JP Morgan Chase’s HQ–would fetch. Estimates Bloomberg: The 1.2 million-square-foot, 45-story structure built in 2001 is worth about $1.2 [...]
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