Trending
![False start: Mayor’s ally pitches, then pulls NYC property tax overhaul](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_NY_Property-Tax-Overhaul-150x106.png)
![Tatiana Pino now owns Century Homebuilders after Sergio Pino’s death, her attorney says](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_MIA_Tatiana-Pino-Century-Builders-Group-150x106.png)
![Brian Tuttle hit with $38M foreclosure on his Main Street mixed-use project in Royal Palm Beach](https://static.therealdeal.com/wp-content/uploads/2024/07/Brian-Tuttle-Hit-With-38M-Foreclosure-on-Main-Street-Project_FT-Thumbnail-150x106.jpg)
![“Not even distressed” rent-stabilized property sells for peanuts](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_NY_Inwood-Rent-Stabilized-Sale-1-150x106.png)
Asset manager leaves Hudson Yards for Astor Place
CBAM inks lease at Minskoff’s 51 Astor
![51 Astor Place](https://static.therealdeal.com/wp-content/uploads/2018/02/51_Astor_Place.jpg)
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
Recommended For You