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Eastdil Secured

40 West 57th Street 22nd Floor
New York, NY 10019
(212) 315-7200
Website
Eastdil-Secured
Eastdil Secured
Eastdil Secured is a real estate investment bank that acts as a brokerage for large deals involving Class-A office buildings in central business districts or portfolios of buildings. The firm is a roll-up of various acquisitions, based on Eastman Dillon Union Securities, founded in 1967. In turn, the firm became a target when NYSE-listed Wells Fargo acquired it, then called, Eastdil Realty, LLC in 1999. In 2005, Wells Fargo also acquired Los Angeles-based real estate investment banking firm Secured Capital Corp. and merged it with Eastdil to create Eastdil Secured. The firm got the assignment that made its reputation in New York City in 1997: to sell the $5 billion commercial and residential portfolio of Leona Helmsley, amassed by her husband, Harry. The 125 buildings included 230 Park Avenue, the Starrett-Lehigh Building at 601 West 26th Street, and the Graybar Building at 420 Lexington Avenue and took several years to unload. Since the merger of Eastdil and Secured under the Wells Fargo umbrella, the combined firm has brokered over $1.2 trillion in completed transactions, according to its website. -TA
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Eastdil Secured, Senior Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Michael Cochran is a senior managing director at Eastdil Secured, one of New...
Eastdil Secured, CEO
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Roy March is the CEO of Eastdil Secured, one of New York City’s...
Eastdil Secured, Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Kevin Donner is a managing director at Eastdil Secured, one of New York...
Eastdil Secured, Chief Administrative Officer and Senior Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Martha Wallau is the chief administrative officer and a senior managing director at...
Eastdil Secured, Senior Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
David Lazarus is a senior managing director at Eastdil Secured, one of New...
Eastdil Secured, Senior Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Douglas Harmon is a senior managing director at Eastdil Secured, one of New...
Eastdil Secured, Chairman
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Ben Lambert is the chairman of Eastdil Secured, one of New York City’s...
Eastdil Secured, Senior Managing Director
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
Adam Spies is a senior managing director at Eastdil Secured, one of New...
  • Event Sales
  • Address 99 Hudson Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 34,724
  • Price $ 48,000,000
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 JMC Holdings
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Kevin Donner
  • Party 2 LaSalle Investment Management
  • Party 2 Brokerage in-house
notes
The office penthouse on the top three floors sold for $48 million. Additional information: three stories, 34,724 sf
  • Event Sales
  • Address 150 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 78,000
  • Price $ 355,000,000
notes
The Old Navy building sold for $355 million. Additional information: 3 stories, 78,000 sf
  • Event Sales
  • Address 3 Mitchell Place
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 138,000,000
notes
Beekman Tower, the vacant, 170-unit Art Deco building, sold for $138 million.
  • Event Sales
  • Address 234 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 210,000
  • Price $ 118,000,000
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Waterman Interests, USAA Real Estate
notes
The pair of Garment District buildings sold for $118 million.
  • Event Sales
  • Address 40 West 25th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 130,000
  • Price $ 106,000,000
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 Brickman Real Estate and DivcoWest
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Doug Harmon, Kevin Donner, Adam Spies
  • Party 2 Jowa Holdings
notes
The office building sold for $106 million.
  • Event Sales
  • Address 1095 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 2,200,000,000
notes
The office building sold for $2.2 billion.
  • Event Financing
  • Address 250 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Chetrit Group / Eastdil Secured
  • Party 1 Brokerage Athene Annuity and Life Company / n/a
notes
A $129 million loan was arranged for the hotel. n/a
  • Event Financing
  • Building Name Manhattan House
  • Address 200 East 66th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 O'Connor Capital Partners
  • Party 1 Brokerage Eastdil Secured
  • Party 2 HSH Nordbank AG
notes
A $750 million senior financing was provided for the conversion of the 583-unit rental. The borrower plans to spend $1 billion on the project, where amenities will include the city's largest private residential garden, a spa and fitness center, concierge and private valet parking. Condo conversion
  • Event Sales
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 928,000
  • Price $ 261,100,000
  • Price per foot $ 281.00
notes
The property sold for $261.1 million, or $281 per square foot.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,000,000
  • Price per foot $ 365,000.00
notes
The property sold for $72 million, or about $365,000 per unit.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 120,000,000
notes
The property sold for $120 million. The sellers acquired the building for $72 million in 2010.
  • Event Sales
  • Address 200 West End Avenue
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 26,000
  • Price $ 31,000,000
notes
The retail condo sold for $31 million.
  • Event Sales
  • Address 189 West 89th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 140,000,000
notes
The Sagamore sold for $140 million.
  • Event Sales
  • Building Name Sheffield57
  • Address 322 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 20,000,000
  • Publication Date 09/01/2009
  • Event Date 07/23/2009
  • Party 1 Kent Swig
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Fortress Investment Group
notes
The condo building sold at a foreclosure auction last month for $20 million. Fortress, a Manhattan-based hedge fund that previously acquired more than $100 million in defaulted loans at the building, made the lone bid at the auction, giving it total control over the Sheffield57 holding company. After buying the defaulted mortgage loan and senior mezzanine loan, Fortress advanced several million dollars to help pay off common charges and unpaid mechanic's liens that Swig had accumulated. Swig purchased the property for $418 million in 2005 with majority investors Yair Levy and Serge Hoyda.
  • Event Sales
  • Building Name La Premiere
  • Address 230 West 55th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 200,000
  • Price $ 130,000,000
  • Price per foot $ 650.00
  • Publication Date 02/01/2007
  • Event Date 12/23/2006
  • Party 1 Goodstein brothers
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Harry Gross
notes
The building sold for $130 million, or $650 per square foot. Approximately 95 percent of the units are free-market.
  • Event Sales
  • Building Name Rihga Royal
  • Address 151 West 54th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 183,000,000
notes
$40M in renovations planned
  • Event Sales
  • Building Name The Gershwin
  • Address 250 West 50th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 345,000,000
notes
Sold for $345 million; the building has 39,000 square feet of retail space.
  • Event Sales
  • Address 104 West 40th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 173,108
  • Price $ 64,500,000
notes
The 173,108 sf property sold for about $64.5 million.
  • Event Sales
  • Address 104 West 40th Street
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Square feet 210,000
  • Price $ 100,000,000
notes
The property sold for about $100 million, the New York Observer reported. Rents in the building run from the low $50s to the $70s per square foot.
  • Event Sales
  • Building Name Hudson Crossing
  • Address 400 West 37th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 90,000,000
notes
Sam Zell REIT makes buy
  • Event Sales
  • Address 158 West 27th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 117,000
  • Price $ 25,050,000
notes
The property sold for $25.05 million.
  • Event Sales
  • Address 158 West 27th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 116,000
  • Price $ 57,500,000
notes
The office building sold for $57.5 million, Crain's reported.
  • Event Sales
  • Address 222 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 175,900
  • Price $ 80,000,000
notes
The Hotel Chelsea sold for about $80 million.
  • Event Sales
  • Address 450 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 291,216
  • Price $ 55,000,000
  • Publication Date 01/01/2005
  • Event Date 11/22/2004
  • Party 1 Moishe Mana and Erez Shternlicht
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Angelo, Gorden & Co.
notes
[EMPTY]
  • Event Sales
  • Address 450 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 281,361
  • Price $ 295,000,000
notes
The property sold for $295 million. The deal involved a piece of seller financing, with Stellar providing a $150 million short-term loan to Jamestown, which appears in public records. The move was intended to help the deal close quickly, while giving Jamestown more time to iron out long-term financing, The Real Deal has learned.
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