Eastdil Secured | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
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
CANCEL
Subscribe to download data from The Real Deal's research site.
WHY SUBSCRIBE? SUBSCRIBE

CANCEL
To register, please enter your email and choose a password with at least six characters.


Untitled-1
07/08/16
Jamestown Properties is quietly shopping Long Island City’s Falchi Building for sale. Tags: jamestown properties, long island city ...

Zegen-Leibovitch-Saxon-Hall-FB
07/05/16
Madison Realty Capital brought in Midtown-based investment firm Arel Capital on its $136 million acquisition of the 419-unit Saxon Hall apartment building in Rego Park....

1250bdwayofer
06/29/16
Eyal Ofer’s Global Holdings is in contract to buy 1250 Broadway, a Koreatown office tower owned by Jamestown and Murray Hill Properties, for $565 million.  Tags: 1250...

nylo 1
06/28/16
Ashkenazy Acquisition Corp. picked up the Nylo New York City Hotel on the Upper West Side for north of $140 million, or about $500,000 per...

Untitled-7
06/21/16
A partnership between Metropolitan Realty Associates and TIAA is in contract to buy a Long Island City office building for $90 million. The seller is...

beth-israel small
06/08/16
UPDATED, June 8, 3:26 p.m.: Mount Sinai Beth Israel hospital is looking to sell part of its East Village campus. Tags: beth israel, doug harmon...

Chetrit Tabak ft
06/03/16
On June 20, 2013, Joseph Chetrit was furious with Joe Tabak, chief of Princeton Holdings. “I am getting raped by you,” he wrote to Tabak....

Gemini small
06/03/16
Hong Kong-based Gemini Investments is in contract to buy a Chelsea bank building and an adjacent walkup for $53 million, according to a statement. The...

joe sitt fb final
05/31/16
Joe Sitt wants to strike while the iron is still hot. Thor Equities, Sitt’s development and investment firm, is looking to sell off a sizable...

440 West 57th Street Michael Rosenfeld William Meyer thumb
05/31/16
Woodridge Capital Partners paid $150 million for the Holiday Inn Midtown 57th Street, according to property records filed with the city Tuesday. Tags: holiday inn...

nyreitfolofeature
05/26/16
New York REIT shareholders aren’t nearly as chuffed about the company’s proposed merger with JBG Companies as the executives involved. Tags: JBG Companies, New York...

NYRT_JBG ft
05/25/16
UPDATED, 6:30 p.m., May 25: New York REIT is merging with the Maryland-based JBG Companies, in a deal that will form a new real estate investment...

Ralph Herzka Roy March thumb
05/25/16
...commercial mortgage brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an exclusive analysis by The Real...

1285feature
05/20/16
In December, The Real Deal first reported that Scott Rechler’s RXR Realty was on the verge of a $1.7 billion deal to acquire the massive...

AR Capital
05/19/16
The drama over struggling real estate investment trust New York REIT continues with yet another shareholder letter to the board – this time from investors...

15w45-FB
05/06/16
Lexington Realty Trust sold the land it owned under a Midtown hotel for $37.5 million to a fund managed by Boston-based investment manager Eaton Vance...

Albert Behler
05/03/16
The Paramount Group sealed a $500 million refinancing of its 29-story Midtown office building at 31 West 52nd Street, the real estate investment trust announced...

reit_feature
05/02/16
City-focused real estate investment trust New York REIT is reportedly in talks to merge with Maryland-based real estate firm the JBG Companies. While there is...

Sullman-Olayan-Sony-Building
04/27/16
It’s a classic rags-to-riches story. An orphan from a small town mortgages his house to buy a handful of trucks, which allow him to pull...

550-MadisonCohenChetritFbox
04/25/16
Olayan America, a division of Saudi conglomerate Olayan Group, is in contract to acquire the former Sony Building at 550 Madison Avenue for more than $1.3...

Ritz Plaza 235 West 48th Street Ofer Yardeni thumb
04/20/16
Stonehedge Partners is looking to sell a Midtown rental building it developed in 1989. Ofer Yardeni’s firm is marketing The Ritz Plaza at 235 West...

Kieth Gelb 63 67 Wall Street thumb
04/20/16
The Rockpoint Group is making a big bet on Downtown residential. ...

850-third-avefbox
04/14/16
U.S. commercial real estate prices fell slightly in January and February driven by weakness in Manhattan, according to Real Capital Analytics data. The findings, along...

530
04/11/16
Jeff Sutton and SL Green Realty are quietly shopping around a trio of 11-story Soho office-and-retail buildings at 530-536 Broadway for sale, sources told The...

Carlyle Guilders
04/11/16
Private equity giant the Carlyle Group and retail-focused investment firm 60 Guilders closed on the purchase of a Soho retail co-op unit at 106 Spring...
To see all, go to Advanced Search
Eastdil Secured, Real Estate Salesperson
40 West 57th Street 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Limited Liability Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Limited Liability Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
To see all, go to Advanced Search
  • 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 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 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 234 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 210,000
  • Price $ 118,000,000
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
notes
The office building sold for $106 million.
  • 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 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 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 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 10 Columbus Circle
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 1
  • Price $ 1,300,000,000
notes
The 1.1 million sf Time Warner Center sold for $1.3 billion. The new owners of the building will lease the space back to Time Warner for approximately five years, at which point the media giant will move to an 80-story skyscraper planned for Related Companies' Hudson Yards, according to a report from Bloomberg News.
  • Event Sales
  • Address 10 Columbus Circle
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 1,300,000,000
notes
The 1.1 million sf Time Warner Center sold for $1.3 billion. The new owners of the building will lease the space back to Time Warner for approximately five years, at which point the media giant will move to an 80-story skyscraper planned for Related Companies' Hudson Yards, according to a report from Bloomberg News.
  • Event Sales
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 330,000
  • Price $ 213,000,000
  • Publication Date 11/01/2013
  • Event Date 09/22/2013
  • Party 1 Family of late Sarah Korein
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Adam Spies
  • Party 2 Eretz Group
  • Party 2 Brokerage Murray Hill Properties
  • Party 2 Broker David Greene, Norman Sturner
notes
The property sold for $213 million.
  • 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 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 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.
  • Event Sales
  • Address 875 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 60,000
  • Price $ 96,440,000
notes
The property sold for $96.44 million. The deal represents a $30 million mark-up over what California-based tycoon Ron Burkle, who has an ownership interest in Scoop NYC, paid for the five-story, 61,000-square-foot building at 428 West 14th Street one year previously. The deal was first reported by the New York Post.
  • Event Sales
  • Address 205 East 45th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 115,000,000
notes
The Alex Hotel sold for $115 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
  • Address 1466 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 195,800,000
notes
The majority stake in the retail condo sold for $195.8 million. Crown Acquisitions and Highgate Holdings will continue to hold minority stakes in the property, with Crown continuing to operate a part of the retail space.
  • Event Sales
  • Address 1440 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 740,000
  • Price $ 282,400,000
notes
An 80 percent stake in the building sold for $282.4 million. The transaction recapitalizes the 25-story Times Square South tower at around $350 million, the New York Post first reported. The remaining stake in the 740,000-square, foot tower is owned by Monday Properties, which also manages and leases the building.
  • Event Sales
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 61,321
  • Price $ 100,000,000
notes
The property sold for close to $100 million, the New York Post reported. Tenants at the building include men's and women's boutique Scoop, hair salon Edris, designers Rena Lange and Alexander McQueen and the Hogs N' Heifers bar. Yucaipa purchased the property for $65 million in late 2011.
  • Event Sales
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 270,000
  • Price $ 110,000,000
notes
The property traded for a price in the range of $110 million to $113 million, according to the New York Post. The buyers plan to renovate the base of the building, with a new lower façade, entrance and lobby, and will have pre-built spaces from 11,000 to 15,000 square feet, the paper said.
  • Event Sales
  • Address 130 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 88,000
  • Price $ 140,500,000
notes
The property sold for $140.5 million. The selling partnership originally acquired the building in 2007 for $112 million.
  • Event Sales
  • Address 161 Sixth Avenue
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 570,000
  • Price $ 200,000,000
notes
The two buildings sold for $200 million, the New York Post reported. The buyers plan to combine the properties and modernize the facilities. Includes 233 Spring Street.
  • Event Sales
  • Address 1370 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 275,000
  • Price $ 125,000,000
notes
The property sold for $125 million. The building went into contract in November 2011. Sitt Asset Management and Carlton Associates bought the property in 2003 from SL Green Realty for $57.18 million.
To see all, go to Advanced Search

Ralph Herzka Roy March thumb
Two firms dominated the high-value commercial mortgage brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an ...

featureisales
02/16/16
Did you know Eastdil Secured has sold the most investment-grade real estate of any New York brokerage every year since at least 2012? Or that in 2015,...

manhattan-investment-sales
New York City had a stellar year in 2015 for building sales — with massive properties like Stuyvesant Town-Peter Cooper Village and 11 Madison trading...

486-brooklyn-avenue
The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...

Screen Shot 2015-02-02 at 7.59.43 PM
One of New York City’s longest-standing rivalries, between Eastdil Secured and CBRE for the lead in investment sales, now appears to be on ice. A...

admin-ajax
Low interest rates, brisk sales, a more active commercial mortgage-backed securities market and white-hot land prices helped drive a surging investment sales market in 2014...

056-057 Investment sales se FINAL.indd
In the last year, the number of New York City buildings sold with the help of a broker shot up significantly, according to an exclusive...

044-045 Fidi se FINAL.indd
True to its name, the Financial District was historically the center of business in New York City. But when it comes to commercial real estate,...

Investment Sales Firms Chart
Click to enlarge Commercial property sales in New York City surged in 2012, boosting transaction volume and revenue for most, but not all, of the...

Click to enlarge
The uncertain economy kept larger companies at bay in 2012 when it came to buying and leasing Manhattan office buildings. On the investment sales side,...

Biggest Deals
Click to enlarge Typically, investment sales deals are ranked by the sale price, but that emphasis hides the figure that real estate players truly care about...

Benjamin Lambert (left), founder and chairman of Eastdil Secured, and companyCEO Roy March in the firm's Midtown headquartersg Google's record $1.8 billion purchase of 111 Eighth...

From left: 444 Madison Avenue, 666 Fifth Avenue, and 1301 Sixth Avenue New York City's top commercial brokerages have jockeyed for market share over the past...
MENU