▁further ▁on ▁the ▁he els ▁of ▁News ▁Cor p ' s ▁near ▁financial ▁collapse . ▁ ▁In ▁December ▁ 1 9 9 1 , ▁the ▁project ▁file d ▁for ▁bank rupt cy . ▁A ▁cons ort ium ▁of ▁banks ▁then ▁worked ▁with ▁the ▁developers ▁and ▁agreed ▁to ▁take ▁control ▁of ▁the ▁asset ▁through ▁the ▁bank rupt cy ▁process ▁and ▁h ired ▁H ines ▁Inter ests ▁Limited ▁Part ners hip ▁to ▁manage ▁the ▁property . ▁ ▁Morgan ▁Stanley ▁bought ▁the ▁building ▁for ▁$ 1 7 6 ▁million ▁in ▁August ▁ 1 9 9 3 ▁and ▁moved ▁in ▁two ▁years ▁later . ▁Currently , ▁it ▁uses ▁the ▁building ▁as ▁its ▁world ▁headquarters . ▁ ▁Management ▁and ▁engineering ▁All ▁of ▁Morgan ▁Stanley ' s ▁properties ▁are ▁currently ▁managed ▁by ▁H ines ▁Inter ests . ▁Data Comm ▁management ▁is ▁joint ly ▁task ed ▁between ▁Morgan ▁Stanley ' s ▁IT ▁unit ▁referred ▁to ▁as ▁" M organ ▁Stanley ▁- ▁Crit ical ▁Systems " ▁as ▁well ▁as ▁H ines ▁Inter ests . ▁As ▁of ▁ 1 9 9 4 , ▁The ▁building ' s ▁peak ▁elect rical ▁demand ▁was ▁ 9 , 2 8 8   k W . ▁This ▁ex cludes ▁the ▁loads ▁brought ▁on ▁by ▁Morgan ▁Stanley ' s ▁ten ants . ▁ ▁Two ▁flo ors ▁of ▁ 1 5 8 5 ▁Broadway ▁are ▁reserved ▁strictly ▁for ▁building ▁operations , ▁both ▁of ▁which ▁can ▁be ▁observed ▁from ▁the ▁exterior ▁of ▁the ▁building ▁by ▁not icing ▁its ▁lack ▁of ▁windows . ▁▁ ▁The ▁sevent h ▁floor ▁( Re