The Real Deal New York

Posts Tagged ‘eastdil secured’

  • 210 West 70th

    210 West 70th Street on the Upper West Side (inset: Ofer Yardeni, courtesy of STUDIO SCRIVO)

    Ofer Yardeni’s Stonehenge Partners is in contract to buy a large Upper West Side rental building known at the Bradford for $135 million, according to insiders. [more]

  • How Stuy Town was won

    October 29, 2015 11:21AM
    Clockwise from bottom left: Jonathan Gray, Doug Harmon, Alicia Glen and Daniel Fournier

    Clockwise from bottom left: Jonathan Gray, Doug Harmon, Alicia Glen and Daniel Fournier

    TRD Special Report:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west side of its central oval footpath. It was dedicated to Frederick Ecker, president of the Metropolitan Life Insurance Company and developer of the giant housing complex.

    Ecker, the plaque read, had “brought into being this project, and others like it, that families of moderate means might live in health, comfort and dignity in parklike communities, and that a pattern might be set of private enterprise productively devoted to public service.” The inscription became a mantra for the 11,200-apartment complex, which, even as Manhattan became increasingly unaffordable, remained a rent-stabilized oasis for the middle class.

    But in 2002, the plaque was quietly removed. Four years later, MetLife sold Stuy Town to developer Tishman Speyer and fund manager BlackRock, who planned to aggressively convert units to market-rate. Families of moderate means were suddenly of low priority. [more]

  • Stuy Town to hit the market, once again

    October 18, 2015 11:45AM
    Stuyvesant Town

    Stuyvesant Town

    CW Capital Asset Management is preparing to sell Stuyvesant Town-Peter Cooper Village. The loan servicer, which controls Stuyvesant Town on behalf of bondholders, has tapped Eastdil Secured’s Doug Harmon to advise them on the sale of the 80-acre property. [more]

  • Marc Rowan Michael Happel

    From left: Marc Rowan and Michael Happel

    New York REIT responded to mounting shareholder criticism Thursday by announcing a series of governance and strategic moves, including appointing Apollo Global Management co-founder Marc Rowan to its board of directors and tapping Eastdil Secured to advise on “potential strategic transactions at the asset or entity level.”

    The moves came after investor Jonathan Litt became the latest shareholder Wednesday to question the real estate investment trust’s direction, expressing concern in an open letter that New York REIT “has consistently traded at a significant discount to the value of its trophy Manhattan office buildings.” [more]

  • The "U.S. Real Estate Market Overview" panel, with Jonathan Miller, Greg Peng, Mark Chu, Sean Mei and Stephen Owens

    Jonathan Miller, Greg Peng, Mark Chu, Dan Kodsi, Sean Mei and Stephen Owens (Credit: Zak Agha)

    Out of the top 10 cities for global Chinese real estate investment, six are in the United States, with New York City taking the top spot, industry experts said at The Real Deal’s U.S. Real Estate Showcase & Forum in Shanghai. [more]

  • From left: 106 Spring Street, Doug Harmon and Adam Spies

    From left: 106 Spring Street in Soho, Doug Harmon and Adam Spies

    The Carlyle Group and Manhattan-based investment firm 60 Guilders are the leading bidders to snap up a retail co-op unit at the base of 106 Spring Street and the adjacent 93 Mercer Street in Soho for $140 million, The Real Deal has learned. The price comes to a hefty $15,555 per square foot.  [more]

  • From left: 113 Spring Street, Ralph Tawil, Doug Harmon and Adam Spies

    From left: 113 Spring Street, Ralph Tawil, Doug Harmon and Adam Spies

    Morgan Stanley Real Estate Investing bought the retail and office building 113 Spring Street in Soho for $70 million, sources told The Real Deal, paying more than double what the sellers laid out when they acquired it in 2012. [more]

  • From left: Doug Harmon, Adam Spies, the Old Navy building at and Steve Roth

    From left: Doug Harmon, Adam Spies, the Old Navy building at 144-150 West 34th Street and Steve Roth

    Vornado Realty Trust just closed on the $355 million acquisition of the Old Navy building in Herald Square, The Real Deal has learned, just over a year after a partnership between Starwood Capital Group and Crown Acquisitions bought it for $252 million. [more]

  • Garment District

    From left: 142 West 36th Street, 234 West 39th Street and Tod Waterman

    Waterman Interests and USAA Real Estate have partnered to acquire a pair of Garment District buildings for $118 million. [more]

  • From left: China Vanke's Yu Liang, 130 West 42nd Street, Tribeca Associates' Bill Brodsky and Meadow Partners' Jeff Kaplan

    From left: China Vanke’s Yu Liang, 130 West 42nd Street, Tribeca Associates’ Bill Brodsky and Meadow Partners’ Jeff Kaplan

    China’s largest publicly-traded developer is buying a majority stake in the 30-story Bush Tower office building overlooking Bryant Park for $125 million, according to Real Capital Analytics. [more]

  • Meridian-Capital-RE

    From left: Ralph Herzka, Bob Knakal, J.D. Parker and Stephen Shapiro

    Eat. Sleep. Close. Repeat.

    Meridian Capital Group’s mantra, apt for what sources say is one of the most intense companies a broker can work in, has served it well in the mortgage business. But could Meridian bring the same pizzazz to the investment sales space? [more]

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  • 717 Fifth Avenue in Midtown

    717 Fifth Avenue in Midtown

    UPDATED, Feb. 19, 1:49 p.m.: Anbang Insurance Group, the Chinese company that purchased the Waldorf Astoria last year for $2 billion, is making another impressive deal with the purchase of 717 Fifth Avenue from the Blackstone Group for an undisclosed price.  [more]

  • blackstone-rxr

    From left: Scott Rechler, 601 West 26th Street, 340 Madison Avenue and Jonathan Gray

    Scott Rechler’s RXR Realty is in contract to sell a 50 percent stake in six New York-area office buildings to private equity giant the Blackstone Group.  [more]

  • Hotel-Thani-Eastdil-Front-2

    From left: 790 Seventh Avenue, Sheikh Faisal Bin Qassim Al Thani, Doug Harmon and Mark Elliott

    UPDATED, 11:35 a.m., Feb. 20: Qatari investment firm Al Rayyan Tourism and Investment is closing in the next few days on the acquisition of the 689-room Manhattan at Times Square Hotel for $535 million, industry sources said. The deal could give rise to a new tower of as much as 900,000 square feet. [more]

  • garment

    From left: 142 West 36th Street, 234 West 39th Street and Herald Square Properties’ Michael Reid

    Herald Square Properties and the Davis Companies are asking $125 million for a pair of Garment District office properties that total 210,000 square feet. [more]

  • bronx

    From left: 2401 Third Avenue in the Bronx, Keith Rubenstein, Joseph Chetrit and Douglas Harmon

    The Chetrit Group and Somerset Partners are days away from closing on a 1.5-acre waterfront site in the Bronx for $26 million as part of an enormous residential development, The Real Deal has learned. [more]

  • Massey Knakal sale faces headwinds

    November 11, 2014 03:45PM

    From left: Robert Knakal and Paul Massey

    The potential sale of Massey Knakal Realty Services — New York City’s most active investment sales firm — is the talk of the local industry, with insiders weighing the pros and cons of either a full or partial sale. The catch, however, is that there are major impediments to a large firm buying a full or even minority stake in the firm, insiders said. And that could reduce the company’s sale price to an private investor. [more]

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  • brown

    From left: Doug Harmon, David Helpern, Michelle Flagg and Kent Swig (Credit: Zach Fontaine)

    Developer Kent Swig, investment sales broker Doug Harmon, architect David Helpern and other top real estate insiders gathered last night to discuss pivotal issues shaping the Manhattan skyline, including escalating land prices and sky-high building heights. [more]

  • trump-plaza

    From left: 167 East 61st Street, Adam Leitman Bailey and Douglas Harmon

    Soon after the ground beneath Trump Plaza at 167 East 61st Street hit the market, members of the co-op board began weighing whether to pay a steep price for the land or keep paying rising bills to rent in the building. [more]

  • The Mobil Building at 150 East 42nd Street

    The Mobil Building at 150 East 42nd Street

    A partnership led by real estate investors David Werner and Mark Karasick closed on the purchase of a long-term ground leasehold at the 42-story Mobil Building for $855.2 million, according to property records filed with the city today. [more]

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