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Morgan Stanley to AIG Face Weeks Without Lower NYC Offices

In any kind of “normal” flood, water would never reach 80 Pine St., a 39-story tower two blocks inland from the lower Manhattan waterfront, landlord William Rudin said.

Last night, his Rudin Management Co. was pumping out the basement, and he was grateful his building manager and engineer weren’t seriously hurt when water poured in as they were shutting down steam lines and checking equipment.