Doug Harmon and the Time Warner Center

Time Warner has hired Eastdil Secured’s Doug Harmon to market its 1.1 million-square-foot Midtown headquarters and determine what the media conglomerate would receive for the building, Reuters reported.  [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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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: 304 Park Avenue South and Doug Harmon of Eastdil Secured

[Updated at 3:51 p.m. with comment from Berley and SL Green] SL Green, the largest commercial office landlord in New York City, said it agreed to buy 304 Park Avenue South for $135 million, or $628 a square foot, from a partnership led by David Berley, chairman of Walter & Samuels Inc.

SL Green said the 215,000 square foot office and retail complex, located on the corner of 23rd Street across from the landlord’s One Madison Avenue tower, will be acquired with 50 percent cash and 50 percent “operating partnership units.” [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 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]

A group of Israeli investors is set to purchase the 1.5 million-square-foot Long Island City office tower One Court Square from SL Green Realty, sources told Real Estate Weekly. Among the investors is Joel Schreiber, owner of real estate investment firm Waterbridge Capital, and David Werner, a private real estate investor from Brooklyn.

SL Green took control of the property when it acquired the real estate investment trust Reckson in 2006, REW said. Citibank leases the entire 50-story building. The value of the transaction was not immediately clear, though the New York Post, which previously reported that the building was in contract, estimated it would close for slightly less than $500 million. … [more]

From left: Paul Leibowitz, Doug Harmon, Darcy Stacom, Vincent Carrega and Jon Epstein

Darcy Stacom, a vice chairman of CBRE, represented the seller in two of the top five brokered commercial real estate sales, based on price, recorded in city property records last month, data from PropertyShark.com and CoStar Group show.

Stacom, along with CBRE’s William Shanahan and Paul Leibowitz, were the brokers for the sale of two St. Vincent’s Catholic Medical Centers buildings to Rudin Management and Long Island-Jewish Health Care System. In another bankruptcy proceeding, Eastdil Secured brokers Doug Harmon and Adam Spies represented the bankruptcy court in the sale of 1107 Broadway to the Witkoff Group. … [more]