The Real Deal New York

Posts Tagged ‘51 Astor Place’

  • From left: Edward Minskoff and 51 Astor Place

    From left: Edward Minskoff and 51 Astor Place

    Edward J. Minskoff Equities received a $370 million loan from Bank of America and Barclays to refinance its fully occupied Astor Place office building. [more]

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  • 51 Astor Place in the East Village (inset: Edward Minskoff)

    51 Astor Place in the East Village (inset: Edward Minskoff)

    Minskoff Equities’ angular, noir office building at 51 Astor Place has found a fittingly antiseptic lessee to sign on as its first retail tenant. [more]

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  • 51 Astor Place in the East Village (inset: Edward Minskoff)

    51 Astor Place in the East Village (inset: Edward Minskoff)

    The office component of Edward J. Minskoff Equities’ 51 Astor Place hit full occupancy last week, capping an extremely successful leasing run for the $300 million spec building. Minskoff managed to lure tenants ranging from hedge funds to IBM and score record rents for the area.

    The Fumihiko Maki-designed building’s retail component, however, is a different story. Spanning nearly 24,000 square feet in the heart of the East Village, it has sat empty for nearly two years. [more]

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  • From left: Edward Minskoff and 51 Astor Place

    From left: Edward Minskoff and 51 Astor Place

    IBM inked a lease for an additional 25,401 square feet at Edward J. Minskoff Equities’ 51 Astor Place, bringing the 400,000-square-foot to full occupancy. [more]

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  • From left: Paul Tudor Jones II, 51 Astor Place and Edward Minskoff

    From left: Paul Tudor Jones II, 51 Astor Place and Edward Minskoff

    Tudor Investment Corporation, a $13 billion hedge fund led by Robin Hood Foundation co-chairman Paul Tudor Jones II, is coming to Edward Minskoff’s 51 Astor Place, The Real Deal has learned. [more]

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  • 51 Astor Place and Edward Minskoff

    51 Astor Place and Edward Minskoff

    From the April issue: When developer Edward Minskoff set out to build a new office tower in the East Village, with asking rents ranging from just under $90 to $120 per square foot — roughly double the average in the surrounding area — many in the industry questioned his logic. And for good reason. [more]

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  • From left: 51 Astor Place and Edward Minskoff

    From left: 51 Astor Place and Edward Minskoff

    Edward Minskoff is closing in on a fully-leased 51 Astor Place, as negotiations for the remaining two floors of the property near a deal. [more]

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  • From left: 51 Astor Place and Edward Minskoff

    From left: 51 Astor Place and Edward Minskoff

    Claren Road Asset Management, a credit-focused money manager that is a subsidiary of private equity giant the Carlyle Group, will take the top floor of Edward Minskoff’s 51 Astor Place, The Real Deal has learned. The 25,401-square-foot space was asking a rent of $118 per square foot, a record for Midtown South. Sources familiar with the transaction said that it was likely the priciest per-square-foot deal struck in the neighborhood. [more]

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  • Twitter lands Chelsea HQ

    January 23, 2014 12:31PM
    From left: Twitter logo, 245 and 249 West 17th Street

    From left: Twitter logo, 245 and 249 West 17th Street

    Wasting no time after missing the boat at Edward Minskoff’s 51 Astor Place, where IBM recently edged them out as anchor tenant, social media giant Twitter has leased digs for a new New York City headquarters in Chelsea. [more]

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  • From left: 51 Astor Place and IBM's Watson Computer

    From left: 51 Astor Place and IBM’s Watson Computer

    Computer giant IBM is heading to the East Village, along with 2,000 employees and a “Jeopardy computer.” [more]

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  • From left: 51 Astor Place and Edward Minskoff

    From left: 51 Astor Place and Edward Minskoff

    St. John’s University has inked a deal for 71,000 square feet at Edward Minskoff’s 51 Astor Place. [more]

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  • From left: Twitter logo and 51 Astor Place

    From left: Twitter logo and 51 Astor Place

    Social media behemoth Twitter, fresh off a successful stock offering, is eyeing a move to Edward Minskoff’s 51 Astor Place. [more]

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  • From left: 51 Astor Place and Edward Minskoff

    From left: 51 Astor Place and Edward Minskoff

    Online vintage goods auctioneer 1stdibs has inked a deal for the first lease at 51 Astor Place, Edward Minskoff’s new construction office building in Midtown South. [more]

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  • 51-astor-jll

    51 Astor Place and Jones Lang LaSalle’s Peter Riguardi

    You can’t say 51 Astor Place doesn’t have potential. Tech titans Facebook and Microsoft were eyeing moves to the 400,000-square-foot office building, between Third and Fourth avenues in the Midtown South office market, before opting to relocate elsewhere, the Wall Street Journal reported. Alas, a major tenant is yet to sign at the massive project, built on speculation by developer Edward Minskoff. [more]

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  • 51-astor

    51 Astor Place rendering

    St. John’s University is steps away from signing a lease for two of the base floors of the 400,000-square-foot 51 Astor Place in Midtown South, the New York Post reported. [more]

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  • 51-Astor-Place-lo-russo

    51 Astor Place (Inset: Ron Lo Russo)

    A glut of newly constructed office space caused Manhattan’s availability rate to rise in the first half of the year, despite moderate leasing activity that exceeded the level at the same time last year, a report released this morning by commercial services firm Cushman & Wakefield shows. [more]

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  • Fumihiko Maki, Paul Glickman and 51 Astor Place

    Clockwise from top left: 51 Astor Place architect Fumihiko Make, a rendering of 51 Astor Place and leasing agent Paul Glickman of Jones Lang LaSalle

    Despite tough times for office leasing, Edward Minskoff’s luxury office tower at 51 Astor Place — set to premiere in May — will still ask rents as high a $115 per square foot, the New York Times reported. The developer is hoping the neighborhood’s quirkiness will attract technology companies. [more]

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  • From left: 52 Cooper Square, a Muji store and 51 Astor Place

    Japanese enviro-retailer Muji will lease an 8,600-square-foot space at 52 Cooper Square, in the East Village, for a ten-year term, brokers for the building’s landlord told The Real Deal today. Henry Goldfarb and Stanley Lindenfeld, brokers with commercial firm Lee & Associates, said impending changes in the area spurred Muji’s decision. [more]

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  • A rendering of 51 Astor Place

    With new projects such as 51 Astor Place and the Hyatt Union Square, Fourth Avenue is being reincarnated as a high-end neighborhood, the Wall Street Journal reported. The Hyatt Union Square, which is yet to announce an opening date, will offer 178 upscale rooms and suites starting at $319 a night. It is located at East 13th Street, north of the Fumihiko Maki-designed 51 Astor Place, a 13-story mixed-use office and school building being developed by Minskoff Equities. Those familiar with the area, however, say that the transformation has been in the works for a while. … [more]

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  • From left: 1 World Trade Center, 4 World Trade Center and 51 Astor Place

    Manhattan’s slumping office market is about to be delivered a huge blow next year, according to the Wall Street Journal, when 6 million square feet of new office space will be delivered to the market — the most since 1989.

    The unsteady global economy and the compression of the financial services industry have hampered demand for office space in recent quarters. [more]

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