Asset manager leaves Hudson Yards for Astor Place

CBAM inks lease at Minskoff’s 51 Astor

TRD New York /
Feb.February 21, 2018 08:07 AM

A financial firm is leaving Hudson Yards to move to Manhattan’s east side. You read that right. Asset manager CBAM Partners inked a 25,401-square-foot lease at Edward J. Minskoff Equities’ 51 Astor Place.

The firm’s current space, a 5,992-square-foot office at Related Companies and Oxford Properties Group’s 10 Hudson Yards, is now listed for sublease, the New York Post reported.

CBAM will occupy the 12th-floor penthouse in the 476,000 square-foot building. CBRE represented the tenants, while Minskoff was represented in-house. The former occupant, Claren Road Asset Management, ran into financial difficulties and handed the space back to Minskoff, according to the Post.


The Korean Teachers’ Credit Union bought a minority stake in the building in 2015, valuing the property at $600 million. [NYP]Konrad Putzier

Related Articles

arrow_forward_ios
Colliers’ Jay Hennick (iStock; Colliers)

Colliers’ profit rebounds

Colliers’ profit rebounds
JPM asset CEO Mary Callahan Erdoes and 605 Third Avenue (Getty; Google Maps)

JPMorgan eyes $600M valuation for Third Ave office tower

JPMorgan eyes $600M valuation for Third Ave office tower
(Getty, iStock)

Hundreds of storage units in New York heading to auction

Hundreds of storage units in New York heading to auction
KABR Group CEO Kenneth Pasternak and 85 Challenger Road in Ridgefield Park, NJ (Photos via KABR)

KABR sells New Jersey building for reported $60M

KABR sells New Jersey building for reported $60M
Gov. Andrew Cuomo and Mayor Bill de Blasio (iStock)

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
(Getty)

When the music stops: Guitar Center could file for bankruptcy

When the music stops: Guitar Center could file for bankruptcy
Abandoned malls are being turned into senior housing, giving planners a chance to rethink retirement communities (iStock)

Abandoned malls get new life as senior housing

Abandoned malls get new life as senior housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...