The Real Deal has the story about 51 Astor Place/the IBM Watson Building/Death Star:
The Korean Teachers’ Credit Union recently bought a minority stake in Edward Minskoff’s 51 Astor Place, a deal that values the futuristic-looking Midtown South office property at $600 million. The Seoul-based credit union, which has more than $23 billion in assets under management, paid roughly $113 million to buy a 49-percent stake in the fully leased, 400,000-square-foot building.
James Yoohoon Jeon of FG Asset Management, which oversees the credit union’s investments in 51 Astor Place, said: "We believe there’s a huge potential for rent increase in Midtown South."
Previously on EV Grieve:
Facebook is moving into the neighborhood; Midtown South expands its boundaries, apparently
Report: Maps show that Midtown South does NOT include the East Village/Astor Place