The Real Deal New York

Posts Tagged ‘minskoff equities’

  • 101 Sixth Avenue and Yancy Foster (inset)

    101 Sixth Avenue and Yancy Foster (inset)

    The family-run real estate firm Pan Brothers Associates has discontinued its lawsuit against two business associates over a commission — explaining it never intended to sue one of them.

    “Panbrothers Associates has an ongoing business relationship with the Kaufman Organization, which we value and respect,” company principal Peter Pantelidis wrote in an e-mail to The Real Deal. “Since this action was never meant to involve the Kauffman Organization, we have discontinued the suit in it’s [sic] entirety.” [more]

  • Breevort East at 20 East 9th Street

    Breevort East at 20 East 9th Street

    Lawyers for Alan and Royanne Minskoff are scheduled to face off in Manhattan Supreme Court on Sept. 18 with the counterparts for Jean Minskoff Grant, in a new legal skirmish involving the descendants of the famed real estate family.

    Alan and Royanne, operating under an entity called MYCA, are looking to foreclose on $13 million in loans connected to the retail and garage space at 20 East 9th Street, a high rise co-op tower called the Breevort East. [more]

  • From left: Inga and Keith Rubenstein and the unit at 101 Warren Street

    From left: Inga and Keith Rubenstein and the unit at 101 Warren Street

    Keith Rubenstein, head honcho of Somerset Partners, a private equity firm active in New York City real estate during the boom, has sold his Tribeca apartment at 101 Warren Street for $3.65 million, according to city records filed today. [more]

  • From left: 180 Maiden Lane, Marc Holliday, 225 Liberty Street, Dennis Friedrich

    From left: 180 Maiden Lane, Marc Holliday, 225 Liberty Street, Dennis Friedrich

    If you’re a giant corporate tenant shopping for Manhattan office space, Downtown is probably your best bet. The neighborhood had five of the ten largest office spaces currently on the Manhattan market, according to an analysis of CoStar Group data carried out by Studley for The Real Deal. See full story and slideshow after the jump.

  • 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]


  • From left: Edward Minskoff, founder of Minskoff Equities, Paul Glickman, vice chairman of Jones Lang LaSalle, a rendering of 51 Astor Place and Robert Futterman

    Minskoff Equities has tapped commercial real estate brokerage Jones Lang LaSalle to market the office space at 51 Astor Place, the company’s forthcoming 400,000-square-foot property, which is currently under construction near Cooper Union, company founder Edward Minskoff told The Real Deal today. Robert K. Futterman & Associates will be marketing the property’s retail component, he said.

    “Jones Lang LaSalle had good market coverage for the tenants out there that we feel strongly about — stronger than other firms,” Minskoff said. “They represent a lot of the tech tenants and financial tenants that we feel are our most promising [prospects.]”

    As for Futterman, Minskoff said he had a long and successful relationship with the brokerage, making it the obvious choice for the retail at the East Village building, which is slated to be completed by 2013. … [more]


  • Edward Minskoff and a rendering of 51 Astor Place

    Edward Minskoff’s Minskoff Equities has closed on a construction loan valued at between $165 and $200 million with Bank of America for 51 Astor Place, the real estate company’s new office development near Cooper Union, the New York Observer reported.

    Minskoff is confident in the success of the 400,000-square-foot property, which is slated to be completed by 2013, he said, despite not having signed any tenants so far.

    “It will surpass the Bank of America building [at One Bryant Park] in some ways,” he said. To some brokers, rents at 51 Astor Place, which will range from about $88 to $115 per square foot, the Observer said, seem a little high. … [more]