Edward J. Minskoff
Edward J. Minskoff is President of Edward J. Minskoff Equities, Inc., a New York-based real estate acquisition and development company which has been most active in the Manhattan office building market, owning and managing 4 million square feet.
In May 1994, in joint venture with Odyssey Partners, L.P. and The State Teachers Retirement System of Ohio (OTRS), his company acquired the 43-story, 1 million square-foot IBM Building at 590 Madison Avenue in New York City from International Business Machines Corporation. In addition to the acquisition of the IBM Building, Mr. Minskoff completed the development of Roosevelt Center, a 600,000 square foot commercial/retail complex in Hempstead, Long Island, New York. His firm also developed 1325 Avenue of the Americas, an 800,000 square foot office building in midtown New York City, and completed construction of a 414,000 square foot office building at 101 Avenue of the Americas. Edward J. Minskoff Equities, Inc. acquired 825 Seventh Avenue in partnership with Vornado Realty Trust. EJME acquired Bell Atlantic’s (Verizon) condominium interest in the 1.5 million square foot 1166 Avenue of the Americas in NYC. 1166 is Marsh & McLennan’s World Headquarters. In Bethesda, Md., his company acquired Marriott Corporation's 866,000 square foot World Headquarters. EJME has developed a 240,000 square foot office building under a long-term twenty-year lease for the Northeast Headquarters for the Federal Aviation Administration (GSA). Mr. Minskoff submitted a proposal to acquire the New York Coliseum property from the MTA in a joint venture with the Lefrak Organization and D.L.J. Real Estate Capital Partners, L.P. In addition, EJME developed a 1,000,000 square-foot mixed-use retail building (270 Greenwich Street), residential building (101 Warren Street), and a rental apartment building (89 Murray Street) in Tribeca. The Buildings are designed by Skidmore, Owings & Merrill and have a private pine tree forest designed by Thomas Balsley, a Whole Foods Market, Barnes & Noble Booksellers, Bed Bath & Beyond, and a Bank of America branch. Furthermore, Edward J. Minskoff Equities has entered into a ninety-nine year ground lease for 51 Astor Place with The Cooper Union for the Advancement of Science and Art to develop an as-of-right 430,000 rentable square foot, 13 story mixed-use office, education and retail building designed by Maki and Associates. The building is being designed to the most advanced technological standards to accommodate the requirements for tenants ranging from corporate to financial services. Occupancy of this building is planned for spring, 2013.
Before founding his own company in 1987, Mr. Minskoff, as Chief Executive Officer and Principal of Olympia & York, was responsible for all acquisitions, new development, leasing and financial planning throughout North America. During his tenure there, he was responsible for 16 new projects (23 million square feet) with an estimated development cost of $3.5 billion. New York's 7.5 million square foot World Financial Center was among these projects. Combining acquisition and development, Mr. Minskoff built Olympia & York’s office portfolio to over 43 million square feet prior to forming his own company in 1987.
In 1976, Mr. Minskoff arranged what remains the largest private real estate acquisition in U.S. history, in terms of present value and total office space—the purchase by Olympia & York of properties of the Uris Building Corporation from National Kinney. He brought the principals together, provided the financial and real estate analyses and supervised the entire transaction, which involved eight Manhattan office buildings with 11 million square feet of space, for $350 million—a transaction that appreciated in value to in excess of $3.5 billion in 1986.
Mr. Minskoff is married to Julie Chai Minskoff and has three children: Mitchell, Mollie and Justin.
In December 2009, Mr. Minskoff was awarded an honorary doctorate in business from Michigan State University.
Mr. Minskoff is a member of the following professional organizations:
NYU Langone Medical Center, Trustee
NYU Langone Medical Center, Finance Committee Member
NYU School of Medicine Foundation, Vice Chair – Board of Trustees
NYU Cancer Institute, Board of Directors
NYU Real Estate Institute, Advisory Board
Columbia University Graduate School of Architecture and Planning, Real Estate Development Advisory Board
Albert Einstein College of Medicine, Founder
Real Estate Board of New York, Governor
The Real Estate Roundtable, Board of Directors
Realty Foundation of New York, Director
Partnership for New York City, Board Member
Association of Builders and Owners
Urban Land Institute, Mixed/Use Council
Museum of Contemporary Art (MOCA) – Board of Trustees
Metropolitan Museum of Art, Real Estate Council
Metropolitan Museum of Art, Friends of Modern Art, Founding Member
Carnegie Hall, Chairman’s Circle
Lincoln Center for the Performing Arts, Steering Committee