The Real Deal New York

Posts Tagged ‘edward j minskoff equities’

  • From left: 590 Madison Avenue and developer Edward Minskoff

    From left: 590 Madison Avenue and developer Edward Minskoff

    The State Teachers Retirement System of Ohio has put a 49 percent stake in 590 Madison Avenue on the market. The building, which was originally developed as IBM’s headquarters, could fetch as much as $1.5 billion, according to Crain’s.

    Ohio STRS will still keep a majority interest in the 43-story, 1 million-square-foot tower. The property on the corner of East 57th Street and Madison Avenue includes a large public plaza. [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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  • 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)

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

    Updated, 10:24 a.m., July 2: A hedge fund manager has taken 60,000 square feet at Edward Minskoff’s 101 Sixth Avenue, in the latest sign of once-gritty Hudson Square’s growing appeal to financial companies, the Wall Street Journal reported.

    Two Sigma Investments, which has $13.7 billion assets under management, already occupies space at 100 Sixth Avenue, as well as in three buildings on West Broadway and Spring Street. The company, which touts its lack of “Wall Street swagger,” declined to comment to the Journal on the move. [more]

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  • Ronn Torossian and 1166 Avenue of the Americas

    Communications firm 5W Public Relations has taken a 38,166-square-foot space at Minskoff Equities’ 1166 Avenue of the Americas, the company’s CEO, Ronn Torossian, told The Real Deal today. [more]

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  • 30-30 Northern Boulevard

    The stalled Long Island City site where developer Edward Minskoff once planned 635 dorm rooms will become a retail and commercial complex, the New York Daily News reported. Alma Realty purchased the vacant structure, at 30-30 Northern Boulevard, in January 2011 for $21.5 million, and were reportedly in talks with a university to convert it into a 400,000-square-foot college campus. [more]

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  • Moinian revives plans for 42nd Street tower

    September 23, 2011 04:04PM

    From left: Anthony Kammas, president of Lyons General Insurance, Jeffrey Levine, chairman of Douglaston Development Group, moderator Lou Katsos, owner of Jekmar Associates, Taso Pardalis, a partner at Mavromihalis Pardalis & Nohavicka, Joseph Moinian, founder of the Moinian group, Bernard Tyminski, manager of construction for Bank of America, Chuck Olivieri, senior vice president of Minskoff Equities, George Liakaris, a principal at Masterpiece Construction and Barbara Koudellou, assistant vice president at TD Bank

    Joseph Moinian, founder of the Moinian Group, is ready to dust off his plans for a 1 million-square-foot rental tower at 605 West 42nd Street, a 61-story high-rise planned by the company for the northwestern corner of 11th Avenue, he said last night at a panel discussion organized by the Hellenic-American Chamber of Commerce and attended by former Gov. David Patterson. “We have approved plans and a building permit. We waited three to four-and-a-half years on the stalled site program,” Moinian said of a Bloomberg initiative that allows developers to renew active work permits for up to four years in return for following an in-depth site safety maintenance plan and keeping the site clean. … [more]

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    From left: Edward Minskoff, 51 Astor Place and its architect Fumihiko Maki
    Developer Edward Minskoff detailed his plans for 51 Astor Place, the former home of Cooper Union’s engineering department and the New York Film Academy Cafe, in a segment on NY1 last week. Minskoff, head of Edward J. Minskoff Equities, purchased the building in 2008 and commissioned famed Japanese architect Fumihiko Maki to design a 13-story office building before inking an anchor tenant. The 183-foot tall building will have a ribbed granite and glass exterior and will boast a different design on each of its four sides. “This building technologically will be the most advanced building built in New York City since the Bank of America headquarters [completed in 2009] on 42nd Street,” Minskoff said. … [more]

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  • Law firm Greenberg Traurig, which had the second biggest real estate division among New York City law firms according to The Real Deal’s 2010 ranking, added Peter Miller to its stable of real estate attorneys yesterday, the company said. Miller previously headed the real estate and finance practice group at Akin Gump Strauss Hauer & Feld and Stroock & Stroock & Lavin, where he represented real estate firms in major transactions throughout the city, most notably Silverstein Properties in its acquisition of a leasehold interest in the World Trade Center. Miller went on to represent Silverstein in negotiations for five separate leases covering more than 10 million square feet. Miller also represented Bear Stearns in its acquisition of 383 Madison Avenue, Edward J. Miskoff Equities in five transactions throughout the city and the Gotham Organization in the development of 200 West 72nd Street. TRD[more]

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  • A Long Island City industrial property that was once slated to become a 635-room graduate student dorm may ultimately become a satellite campus for a university instead. According to the Daily News, Alma Realty, which purchased the vacant, 30-30 Northern Boulevard building from Edward J. Minskoff Equities for $21.5 million in January and already has approval from Community Board 1 for a 19-story dormitory there, has decided to spend its money developing residential buildings in Manhattan instead. … [more]

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    30-30 Northern Boulevard and Edward Minskoff

    Developer Edward J. Minskoff Equities abandoned plans to build a 635-room dormitory in a rapidly-changing section of Long Island City in order to concentrate on larger projects in Manhattan, the company’s president said.

    Edward Minskoff, president of the commercial firm, had sought to build the 19-story tower on the property at 30-30 Northern Boulevard in Queens Plaza.

    He sold it to Long Island City-based Alma Realty, which paid $21.5 million for the 238,000-square-foot building and the 103,000-square-foot parcel under it on Jan. 27, city property records published last Friday show. The sale went into contract in September 2010. … [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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