Top Eastdil broker in LA heads to NY to boost capital markets team

Jonathan Firestone, who has been on the West Coast team for 18 years, will "further drive the firm’s growth as part of our new structure," Eastdil's president said

TRD New York TRD LOS ANGELES /
Dec.December 19, 2019 08:15 AM

Eastdil Secured Managing Director Jonathan Firestone (Credit: Eastdil)

One of Eastdil Secured’s top brokers in Los Angeles is moving to the East Coast, to boost the firm’s investment sales and debt placement teams in New York.

Jonathan Firestone, a managing director, has worked at Eastdil’s L.A. office for the past 18 years. He is a member of the management committee and expected to start in the Manhattan office in January, the company confirmed.

Firestone moved to Los Angeles in 2001 to join Secured Capital as an associate; Eastdil bought the company five years later. The move to New York will be something of a return for Firestone, who began his career there, in the real estate finance division of Credit Suisse.

In an interview Wednesday, Eastdil President D. Michael Van Konynenburg said, “we were looking at people to further drive the firm’s growth as part of our new structure. Jon started his career in New York, and raised his hand for the opportunity to move to New York to grow the firm’s business locally, nationally and globally.” 

Van Konynenburg said Eastdil’s New York team has advised on over $10 billion of financing and sales of New York City assets this year.

Eastdil has been a leader in New York’s investment sales market, but has undergone dramatic change  in the last six months. In June, Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings agreed to a management-led buyout of Eastdil from Wells Fargo.

Eastdil ranked third in The Real Deal’s most recent ranking of top investment-sales firms in New York, brokering about $5.9 billion worth of deals. The firm had taken the top spot on the ranking seven years in a row from, 2010 to 2016.

He will work alongside managing directors Gary Phillips and Will Silverman. Silverman joined the company in June, and Phillips has been there a year.

Real Estate Alert first reported the move.

 
 

Related Articles

arrow_forward_ios
Roy March, Eastdil Secured CEO

Eastdil Secured makes staffing cuts

Eastdil Secured makes staffing cuts
2 Grand Central and from left Rockwood Capital's Walter Schmidt, Robert Gray and Peter Falco (Credit: iStock)

Rockwood looks to get nearly $600M for Grand Central office tower

Rockwood looks to get nearly $600M for Grand Central office tower
Clockwise from left: JLL's Michele Mahl, Savills' Peter Hennessy, Eastdil Secured's Will Silverman, Christie’s Brian Meier, Nest Seekers' Mike Fabbri and Compass' Charlie Attias 

These were the biggest broker comings and goings of 2019

These were the biggest broker comings and goings of 2019
65 East 55th Street and EQ Office CEO Lisa Picard (Credit: Park Avenue Tower and VTS)

Blackstone looks to sell Park Ave Tower for more than $800M

Blackstone looks to sell Park Ave Tower for more than $800M
Brett Siegel, Jean Celestin, and Evan Layne with Newmark Knight Frank offices at 125 Park Avenue (Credit: LinkedIn and Google Maps)

Newmark poaches Eastdil Secured sales team

Newmark poaches Eastdil Secured sales team
Rudy Giuliani and wife list Palm Beach condo amid nasty divorce

Rudy Giuliani and wife list Palm Beach condo amid nasty divorce

Rudy Giuliani and wife list Palm Beach condo amid nasty divorce
From left: Wells Fargo CEO Timothy Sloan, Eastdil Secured CEO Roy March, Temasek CEO Ho Ching and Guggenheim president Jerry Miller (Credit: Getty Images)

Eastdil finalizes buyout deal with Guggenheim, Singaporean investment firm

Eastdil finalizes buyout deal with Guggenheim, Singaporean investment firm
Doug Harmon (Credit: Cushman & Wakefield)

How it happened: Doug Harmon and Leona Helmsley

How it happened: Doug Harmon and Leona Helmsley
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...