Business Services Industry
Chase-Bank One Merger Could Add to Dallas Office Vacancies.
Knight Ridder/Tribune Business News, January, 2004
By Steve Brown, The Dallas Morning News Knight Ridder/Tribune Business News
Jan. 16--The planned merger of J.P. Morgan Chase and Bank One will create one of the world's largest financial companies.
But the $58 billion deal could also be a setback for downtown Dallas.
Chase and Bank One are two of the biggest tenants in the downtown office market, which is already suffering from a 30 percent vacancy rate.
If it follows the pattern of previous industry mergers, the consolidation of the two banks will leave downtown with more empty office space, commercial real estate brokers say.
"It's going to hurt downtown u no doubt about it," said Matt Heidelbaugh, an office broker for Cushman & Wakefield of Texas. "Clearly there...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express