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.

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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]

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]

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]

From left: Ron Burkle and 430 West 14th Street

Forty-eight days after closing on his $65 million purchase of 430 West 14th Street, billionaire investor Ron Burkle is looking to unload it for more than $100 million, according to the New York Post.

He chose Eastdil Secured’s Douglas Harmon, Adam Spies and Kevin Donner to market the 61,321-square-foot office building with 50 feet of frontage each on West 13th and West 14th streets, and 206 feet along Washington Street. [more]