The Real Deal New York

Posts Tagged ‘101 sixth avenue’

  • 101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

    101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

    Hedge fund manager Two Sigma Investments is expanding at Edward Minskoff’s 101 Sixth Avenue in Hudson Square, The Real Deal has learned. Two Sigma is taking an additional 47,000 square feet at the property, after a 60,000-square-foot deal last year. [more]

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  • The Second Circuit Court of Appeals restored allegations of retaliation yesterday by a former employee of Midtown-based real estate developer the Andalex Group. [more]

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  • Edward Minskoff and 101 Sixth Avenue (building image via PropertyShark)

    Edward Minskoff and 101 Sixth Avenue (building image via PropertyShark)

    Edward Minskoff is on a roll with  his 101 Sixth Avenue office building, signing another tenant, Crain’s reported. Healthcare communications firm Huntsworth Health is taking 15,600-square foot for 10 years, more proof for Minskoff that pouring tens of millions of dollars into the tower is bringing in businesses that want to be based Downtown, he told the website. [more]

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  • Edward Minskoff and 101 Sixth Avenue (building credit: PropertyShark)

    After losing out to Cornell-Technion in its bid to build a technology campus on city-owned land, the New York Genome Center is close to signing for 150,000 square feet at Edward Minskoff’s 101 Sixth Avenue in Soho, the Wall Street Journal reported. The center is a group of universities, medical centers and labs that conducts DNA-sequencing research. The Journal said the group could help the city catch up in the field of genomic science, which involves using machines to analyze a blood samples and decode a person’s entire DNA sequence. It is expected to create 2,000 new jobs in the next five years. [more]

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  • alternate<br /></a>text
    From left: Edward Minskoff and 101 Sixth Avenue (building credit: PropertyShark)
    Edward Minskoff has bought out partner Andalex Group at 101 Sixth Avenue for an undisclosed price, the New York Post reported. Minskoff had owned at 32 percent stake in the building before the purchase, and now takes complete control of the 425,000-square-foot tower, which will be vacant once SEIU Local 32BJ moves out (it’s moving to 620 Sixth Avenue).

    The building, between Watts and Grand streets in Soho, is undergoing a gut renovation in hopes of attracting entertainment, media and technology companies. … [more]

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  • Local 32BJ Service Employees International Union and three affiliated
    funds sued their landlord at 101 Sixth Avenue, alleging that the owner
    of the building owes them more than $5 million dollars as part of an
    unusual lease provision, Crain’s reported. The union leased the entire
    400,000-square-foot building, between Watts and Grand streets, which is owned by the Andalex Group, in
    1989, and subleases a minor portion to other tenants. Under the lease,
    the landlord has to share a portion of money generated from the building
    with the tenant, a highly unusual arrangement, brokers said. … [more]

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  • 620 Sixth Avenue (source: PropertyShark)

    SEIU 32BJ, the largest property services union in the country, has leased 245,000 square feet at 620 Sixth Avenue in a cost-saving move that will trim nearly $20 million from the organization’s annual budget, according to a press release. The union is ditching its current headquarters at 101 Sixth Avenue, where its lease is set to expire next year and where, the Wall Street Journal reported, it occupies around 400,000 square feet for almost $70 per square foot. The building workers union, which last month reached a last-minute contract agreement with the city to avoid a strike, will pay in the mid-$30s per square foot for its new digs. 620 Sixth Avenue is owned by a partnership between Charles Dayan and developers Joseph Chetrit and Yair Levy. TRD

    [more]

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  • 335 Madison Avenue and Edward Goldman, an executive vice president with CBRE

    Fighting back after losing millions of square feet in leasing agency assignments in recent months, commercial services firm CB Richard Ellis picked up the assignment for the 1.1 million-square-foot 335 Madison Avenue, Edward Goldman, a company executive vice president, told The Real Deal. The news comes two months after CBRE picked up the assignment for the 430,000-square-foot 101 Sixth Avenue in Hudson Square, but after losing the Empire State Building, 100 Church Street and others. The new assignment is welcome news for the brokerage. Because of losses such as 100 Church Street, CBRE is agent for nearly 7 million fewer square feet in Manhattan since September. As of this week, it was leasing agent for buildings, covering 55.5 million square feet, down from 62.2 million square feet three months ago, according to data from research firm CoStar Group. CBRE signed on earlier this month as leasing agent for the Milstein Properties Midtown building at Madison Avenue between 43rd and 44th streets, Goldman said. Before taking over, leasing had been handled by the Milstein in-house firm MB Real Estate. … [more]

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  • CBRE picks up Soho leasing assignment

    November 20, 2009 03:11PM

    Just weeks after its leasing assignment was ended at the 2.8-million-square-foot Empire State Building, full service commercial real estate firm CB Richard Ellis told The Real Deal it has clawed back some of that space by inking a deal to represent 101 Sixth Avenue on the border of Soho and Hudson Square. CBRE picked up the leasing assignment for the 430,000-square-foot building at the corner of Sixth Avenue and Watts Street Oct. 7, said Peter Turchin, executive vice president at CBRE. The 23-story office building is owned by a partnership between the Andalex Group and Edward J. Minskoff Equities, and was built in 1991. The entire building is leased by the influential Service Employees International Union local 32 BJ, whose 20-year lease expires Dec. 31, 2011. … [more]

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