From left to right: 444 Madison Avenue, 666 Fifth Avenue and 1301 Sixth Avenue (source: PropertyShark)
From the January issue: New York City’s top commercial brokerages have jockeyed for market
share over the past few years, but in a surprise upset, Eastdil Secured
has emerged on top. According to an analysis by The Real Deal — which was based
on data provided by Real Capital Analytics for Manhattan commercial
transactions of $5 million and above — the firm had more than $15
billion in sales from the first quarter of 2007 through the third
quarter of 2009. CB Richard Ellis ranked second with more than $12 billion in
building sales, while Cushman & Wakefield ranked third with more
than $10 billion, according to the RCA data.
But Eastdil’s ranking is largely due to a unique set of circumstances:
The firm handled the $7 billion sale of Equity Office Properties’
Midtown portfolio to Macklowe Properties in 2007. Without that deal,
Eastdil would have slid to third place.
