The Real Deal New York

Posts Tagged ‘adam spies’

  • dev-site

    From left: Adam Spies, Doug Harmon and 11-12 30th Drive in Queens

    Long Island-based development firm Vernon Realty Associates listed a large development site in Astoria for $60 million. [more]

  • twitter-245-and-249-west-17th

    Twitter and 245 and 249 West 17th Street

    Savanna Capital Partners is looking to sell Twitter’s New York City headquarters at 245-249 West 17th Street in Chelsea. [more]

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  • From left: Eastdil's Adam Spies, 875 Third Avenue and Eastdil's Doug Harmon

    From left: Eastdil’s Adam Spies, 875 Third Avenue and Eastdil’s Doug Harmon

    Midtown-based landlord Eastgate Realty has paid nearly $100 million to acquire the remaining 20 percent stake in 875 Third Avenue, making the firm the sole owner of the 29-story building. [more]

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  • Sotheby's auction houses' New York headquarters at 1334 York Avenue

    Sotheby’s auction houses’ New York headquarters at 1334 York Avenue

    Auction house Sotheby’s is on the prowl for a new headquarters in the city – but any move is contingent upon its ability to sell its current building at 1334 York Avenue. [more]

  • Sutton pays Sitt $327M for 530 Broadway

    September 18, 2013 10:19AM
    Jeff Sutton, 530 Broadway and Joseph Sitt

    Jeff Sutton, 530 Broadway and Joseph Sitt

    Retail mogul Jeff Sutton is in contract to buy a three-building site at 530 Broadway from frequent collaborator Joseph Sitt for $327 million, extending his dominance in Soho. [more]

  • From left: Time Warner Center, Doug Harmon, Adam Spies and the Sony Building

    Eastdil Secured’s Doug Harmon and Adam Spies are on track to push ahead of their arch-rival CBRE in terms of overall sales this year. Several unnamed executives close to the duo’s deals say that the upcoming sales of Time Warner’s headquarters and Sotheby’s 500,000-square-foot Upper East Side building will likely make Harmon and Spies the top sellers of billon dollar buildings in the city come December. [more]

  • Joseph Sitt and the Milford Plaza Hotel

    Joseph Sitt and the Milford Plaza Hotel

    Joseph Sitt’s Thor Equities is buying the retail portion of the Milford Plaza Hotel for $65 million, the New York Post reported. [more]

  • From left: 605 Third Avenue, Adam Spies and 1345 Avenue of the Americas

    From left: 605 Third Avenue, Adam Spies and 1345 Avenue of the Americas

    Real estate private equity firm Rockpoint Group is in a hard contract to take a 49.5 percent stake in two Fisher Brothers’ office towers in Midtown for $550 million, the New York Post reported. [more]

  • Interior and exterior renderings of 41-17 Crescent

    Interior and exterior renderings of 41-17 Crescent, Long Island City

    Two years after the owners of a 130-unit Long Island City apartment building defaulted on the mortgage, real estate investor Charles Dayan is picking up the property for roughly $85 million, Crain’s reported. [more]

  • Sotheby’s to sell its UES HQ

    June 19, 2013 09:00AM
    Sotheby's New York headquarters at 1334 York Avenue

    Sotheby’s New York headquarters at 1334 York Avenue

    Sotheby’s, the renowned auction house, has put its Upper East Side headquarters up for sale, the New York Post reported. [more]

  • Adam Spies, 295 Madison Avenue and Doug Harmon

    Adam Spies, 295 Madison Avenue and Doug Harmon

    Updated, 10:15 a.m., June 7: Abe Talass’ Eretz Group will pay about $210 million for a Midtown office tower belonging to Westbrook Partners and the Moinian Group, according to sources.

    The 300,000-square-foot 295 Madison Avenue, located at 41st Street, is part of a portfolio that Westbrook was marketing in April that is expected to fetch about $1 billion, as The Real Deal first reported. Murray Hill Properties represented the buyer in the deal, which is expected to close in September. The Observer first reported the building was in contract. [more]

  • Adam Spies, 295 Madison Avenue and Doug Harmon

    In a test of how much the office and residential investment markets have recovered since the boom, the private equity firm Westbrook Partners is offering for sale a six-building Manhattan portfolio that is expected to fetch about $1 billion, real estate sources said.  [more]

  • Doug Harmon, the Milford Plaza Hotel and Adam Spies

    The owners of Times Square’s Milford Plaza Hotel are thinking about chopping up the property into three pieces and selling them separately for a heftier profit, according to the Wall Street Journal. Real estate investment group Rockpoint and Highgate Hotels would like to see separate sales from the Eighth Avenue site — the land, the 1,300-room hotel and the retail space, the newspaper reported. [more]

  • Eric Hadar and the Brill Building

    Stonehenge Partners and Invesco Real Estate have sold the Brill Building at 1619 Broadway for $185 million to Eric Hadar and Merchants Hospitality, the New York Post reported. Adam Spies and Doug Harmon of Eastdil Secured brokered the deal, which included 30,000 square feet of air rights, sources told The Real Deal. In addition, eight new signs for roughly 5,000 square feet of advertising space were approved, which will bring in about $2 million per year in revenue.


  • From left: 104 West 40th Street and Savanna managing partners Chris Schlank and Nicholas Bienstock

    David Tawfik’s Princeton International Properties has entered contract to purchase a Bryant Park office tower for less than $500 per foot. The deal is for the 220,000-square-foot Park House, at 104 West 40th Street, which was sold by Savanna for $105 million.

    Savanna acquired the building about two years ago in an innovative deal that involved purchasing ING’s defaulted debt on the property for about $61.7 million, after a previous buyer paid $140 million for the tower in 2007. Savanna renovated the building and brought occupancy to 70 percent, according to the Post. [more]

  • From left: Citi Tower and Douglas Harmon of Eastdil Secured

    The sale of Long Island City’s Citi Tower is expected to close today for a little over $500 million, the New York Post reported.

    Sellers SL Green and JPMorgan squeezed more money out of the buyers, a group led by Brooklyn-based real estate investor David Werner, in order to extend the closing date on the tower, also known as One Court Square, which is the tallest building in Queens, the Post said. [more]

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    The Midtown-based investment banking firm Eastdil Secured brokered nearly twice the dollar volume of Manhattan’s large property transactions as its nearest rival, a review of dozens of transactions over $50 million shows.

    During the first six months of the year, Eastdil Secured, a division of the California lender Wells Fargo, was the broker on 11 deals valued at a total of $1.9 billion, The Real Deal’s analysis shows. Its chief rival, the CBRE Group, completed $1 billion through six sales. … [more]

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  • From left: Normandy managing principals Finn Wentworth (top), David Welsh (middle) and Jeff Gronning (bottom), 575 Lexington Avenue and Larry Silverstein

    Larry Silverstein is cutting his losses and moving on from Lexington Avenue. His Silverstein Properties and the California State Teachers’ Retirement System have entered contract to sell the 35-story office building at 575 Lexington Avenue for about $360 million to Normandy Real Estate Partners and New York Life Insurance, the Wall Street Journal first reported.

    The deal is worth $10 million less than the agreement the owners nearly struck with Rockrose Development, before Henry Elghanayan walked away. [more]

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  • From left: Laurence Gluck and 233 Spring Street and 161 Sixth Avenue

    Stellar Management President Larry Gluck closed on his purchase of two industrial office buildings in Soho and plans to combine the structures into a single tower, according to the New York Post. Gluck paid $200 million for the 16-story, 320,000-square-foot office building at 161 Sixth Avenue and the 10-story, 250,000-square-foot property at 233 Spring Street, both of which are off the corner of Sixth Avenue and Spring Street. [more]

  • From top: SL Green CEO Marc Holliday, Douglas Harmon and Adam Spies of Eastdil Secured and 521 Fifth Avenue (right)

    Fourteen months after acquiring the remaining stake in 521 Fifth Avenue, SL Green Realty has tapped Eastdil Secured brokers to shop a large portion of the building for nearly $700 per square foot.

    The New York Post reported that Eastdil’s Douglas Harmon and Adam Spies are marketing a 49 percent to 80 percent stake in the 510,000-square-foot tower at the corner of East 43rd Street. SL Green acquired the remaining 49.9 percent interest in the 39-story office tower last January from City Investment Fund, with whom it purchased the building in 2006. SL Green said at the time the deal valued the building at $245.7 million. [more]