(Reuters) - NEW YORK, July 19 - Goldman Sachs Group , the world's largest investment bank, said on Thursday it is building a third office tower in the New York City area to accommodate rapid growth in its staff. Goldman on Wednesday received approval from Jersey City, New Jersey, to build a 30-story, $560 million office building on property directly across the Hudson River from lower Manhattan. The firm already has a 42-story, $1.3 billion Jersey City tower, and is building a new 42-story headquarters in the Battery Park City area of lower Manhattan.
Goldman has grown at an explosive rate since its 1999 initial public offering, and its need for space has increased. Total employees have nearly tripled to 26,000 from 9,000 in that time, with 13,000 based in the New York City region.
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Goldman has grown at an explosive rate since its 1999 initial public offering, and its need for space has increased. Total employees have nearly tripled to 26,000 from 9,000 in that time, with 13,000 based in the New York City region.
Read more at Reuters.com Bonds News
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