According to an article entitled "Believer in Downtown Office Market Buys Again" in the July 1st online version of Commercial Property News, "In June, Kent Swig purchased his fourth office building in downtown Manhattan. It is the third he has bought there in the past 10 months. Swig's acquisition of 80 Broad St. from The Praedium Group L.L.C. was preceded by 44 Wall St. In January, Five Hanover Square (with Zamir Equities) last August and 48 Wall St. (with McDonald et Cie) in 1998. Together, the buildings total 1.4 million square feet....'I think (Swig) has a terrific commitment to Downtown and a real positive outlook for what the environment will be in the short and long term,' said Rob Sorin, a partner in law firm Fried, Frank, Harris, Shriver & Jacobson L.L.P., which has represented Swig in some of his deals."