A joint venture of the Kaufman Organization and Invesco Real Estate have picked up the 270,000-square-foot office tower at 100 Fifth Avenue for $93.5 million, sources told the Wall Street Journal. The building, one block from Union Square, last changed hands for $152 million in 2008, when a unit of U.K. entrepreneur Paul Kemsley’s now-bankrupt Rock Joint Ventures bought it from Atlas Capital Group. [more]

Two Manhattan office buildings once owned by fallen British property tycoon Paul Kemsley are slated to emerge from bankruptcy court in the U.K. with buyers by the end of the year, according to the Post. The first, the 258,000-square-foot 100 Fifth Avenue, near Union Square, will go to Invesco for $93.5 million, or $360 per square foot. The second, 183 Madison Avenue, which contains 246,000 square feet on the corner of 34th Street, is being scooped up for $75 million by Peter Armstrong and his Rigby Asset Management, alongside Argentinian fund IRSA. That deal works out to $305 per square foot. The two properties were taken into receivership by PricewaterhouseCoopers last year as Kemsley’s portfolio took a severe beating in the midst of falling commercial real estate prices. Studley’s Woody Heller, who was marketing the buildings with colleague Will Silverman, said “the market’s reaction was extraordinary” to the properties. The pair led more than 70 tours of each building, which Heller said is more than when he sold the Chrysler Building. [Post]

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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]