The 44-story office tower at 1166 Sixth Avenue has just seen a staggering 260,000 square feet worth of closed deals, especially given today’s commercial real estate environment. D.E. Shaw, the hedge fund, doubled its current space in the building by subleasing four floors vacated last year by insurance company Marsh & McLennan, which also owns the upper half of the building. Edward Minskoff is the owner of the tower’s lower half, where D.E. Shaw is located, and where the asking rent was reported to be $45 per square foot. Some have since wondered whether D.E. Shaw would soon move the rest of its employees out of the company’s 100,000 feet at nearby 120 West 45th Street into Minskoff’s building. Westwood One Radio Networks also inked a lease for the 10th floor, and hedge fund manager Invesco signed a renewal and expansion on Marsh & McLennan’s floors 25 through 27, where the asking rents were said to be $58 per square foot. [Post, 1st item]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

