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
advanced search
Eastdil Secured

40 West 57th Street, 22nd Floor
New York, NY 10019
(212) 315-7200
Website

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) 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, including 230 Park Avenue, the Starrett-Lehigh Building at 601 West 26th Street and the Graybar Building at 420 Lexington Avenue, 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.

Eastdil Secured was ranked no. 1 in The Real Deal’s annual investment sales ranking covering 2016.


TRD Forum: LA’s CRE leaders on China and what commercial brokers can learn from their resi brethren
09/15/17
...something that we’ve never seen before,” said Eastdil Secured...

New loan from M&T Bank values Empire Stores in Dumbo at $415M
09/12/17
...of $415 million, putting the leverage at about 60 percent. Eastdil Secured arranged the $250 million financing, which has a five-year term. The Dumbo complex is anchored...

The tricksters’ playbook: How NYC retail investors squeeze the most out of their buildings
09/12/17
...s Doug Harmon and Adam Spies (then at Eastdil Secured) — came up with a creative solution. They got Crate & Barrel to agree to...

HNA near deal to sell 1180 Sixth Avenue
09/07/17
...foot is slated to come out to roughly $833. Eastdil Secured is representing the sellers in the deal. Representatives for HNA and Eastdil declined to...

Ivanhoe and Callahan put 330 Hudson on the market
09/06/17
...on the remaining interest. The firm recently retained Eastdil Secured to market the entire building, which sources said is worth around $400 million, or about...

Brookfield in talks to join St. John’s Terminal project: sources
08/25/17
...Cushman & Wakefield’s Adam Spies, then of Eastdil Secured, to the market the property for a recapitalization. Sources said the developers are interested...

NY REIT taps two brokerages to market office tower 1440 Broadway
08/23/17
...has tapped CBRE to help market 1440 Broadway alongside Eastdil Secured. The real estate investment trust, which is in the process of selling its 4.4 million-square-foot...

Trinity pays Tishman Speyer $580M for Hudson Square building
08/22/17
...a $400 million loan brokered by Cushman & Wakefield. Eastdil Secured brokered the purchase. The 19-story property includes 1.1 million rentable square feet of office space...

National Cheat Sheet: CBRE named most active I-sales brokerage, Feds urge Zillow to settle over deceptive practice allegations … & more
08/18/17
...share in commercial property investment sales, CBRE topped Eastdil Secured’s 20.9 percent share, according to Real Estate Alert's rankings, which were based on data...

CBRE takes over as top US I-sales brokerage for first time since 2013
08/16/17
...It took over the top spot largely because Eastdil Secured saw its deal volume plummet by 19 percent to $20.3 billion (a market share of 20.9 percent...

We’re less than one month away from TRD’s debut California event!
08/15/17
...Confirmed panelists include Carl Muhlstein (JLL), Steve Silk (Eastdil Secured), Chris Rising (Rising Realty), Michael Nourmand (Nourmand & Associates) and Jade Mills (Coldwell Banker...

Jemal family firm pays over $100M for Chelsea commercial building
08/14/17
...million to help finance the purchase, records show. Eastdil Secured...

Reserve your spot at TRD’s California event
08/01/17
...Confirmed panelists include Carl Muhlstein (JLL), Steve Silk (Eastdil Secured), Chris Rising (Rising Realty), Michael Nourmand (Nourmand & Associates) and Jade Mills (Coldwell Banker...

Can anyone spare a billion? Here are five trophy buildings that could have sold in early 2017 — but didn’t
08/01/17
...languished on the market, according to industry sources. Eastdil Secured CEO Roy March, whose firm has been marketing the building, said rumors it was...

Here are the top office I-sales brokerages in the US
07/26/17
...SCRIVO) and Darcy Stacom UPDATED, July 27, 1:25 p.m.: Eastdil Secured held on to the top spot as the country’s most active office investment...

Reserve your spot at The Real Deal’s California real estate event
07/24/17
...Confirmed panelists include Carl Muhlstein (JLL), Steve Silk (Eastdil Secured), Chris Rising (Rising Realty), Michael Nourmand (Nourmand & Associates) and Jade Mills (Coldwell Banker...

The titans behind LA’s trophy tower sales
07/19/17
...became incredibly close,” Gray said. The bond between Eastdil Secured and Blackstone may be sacred, but it’s not monogamous. Eastdil has relationships with...

SL Green, RXR partnership in lead to buy One Worldwide Plaza for $1.7B
07/12/17
...around $810 per square foot, Real Estate Alert reported. Eastdil Secured and CBRE are jointly representing the seller. New York REIT put its 49 percent stake...

New York REIT shopping four office buildings as one large package
06/28/17
...its head in February to oversee the liquidation. Eastdil Secured and CBRE are jointly marketing the 1.8 million-square-foot One Worldwide Plaza – as well as the...

Warren Buffett’s NYC brokerage wants to poach commercial brokers
06/28/17
...top producers Doug Harmon and Adam Spies leaving Eastdil Secured for Cushman & Wakefield; and Richard Baxter, Yoron Cohen and Scott Latham jumping from...

Ivanhoe Cambridge puts News Corp HQ on the market
06/28/17
...cap rate it could fetch close to $2 billion. Eastdil Secured has the listing. Montreal-based Ivanhoe, the real estate investment arm of Quebec’s public...

Top I-sales broker Eric Anton jumps to Marcus & Millichap from HFF
06/23/17
...Harmon and Adam Spies’ jump to Cushman from Eastdil Secured and Richard Baxter, Yoron Cohen and Scott Latham’s move to Colliers International from...

New York REIT taps RKF to sell retail holdings
06/20/17
...to be completed by the end of March. Eastdil Secured and CBRE are handling the sale of crown jewel in the portfolio – the 1.8 million-square-foot...

The Closing: Roy March
06/13/17
...issue: Roy March is the larger-than-life CEO of Eastdil Secured, which has been NYC’s top investment sales brokerage for the past six years...

Brack, IHG put Hotel Indigo LES on market
06/08/17
...and InterContinental Hotels Group, is being marketed by Eastdil Secured. Brack expects the block-through hotel at 171 Ludlow Street — located between East Houston and Stanton...
Erin Rochelle Williams
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Roland S. Merchant Jr.
HFF , Real Estate Salesperson
50 Rockefeller Plaza, 15th Floor, New York, NY, (212) 632-1821
...
Benjamin V. Lambert
Eastdil Secured, Limited Liability Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Peter L. Flexner
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Alex Fetner
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Nicholas Berman Berman
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Anna Coltrane
Eastdil Secured, Real Estate Salesperson
40 West 57th Street 22nd Floor, New York, NY, (212) 315-7200
...
Kenneth Ziebelman
Eastdil Secured, Limited Liability Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Lawrence Wolfe
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Avery Silverstein
Cushman & Wakefield, Real Estate Salesperson
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Jessica Shevins
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Brett Siegel
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Joseph Slosburg
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Angela Tsai
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Ethan Pond
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Victoria Roberts
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Alex Scheetz
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Mark Schoenholtz
Eastdil Secured, Associate Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Melvin Sherrow
Eastdil Secured, Limited Liability Broker
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Nicholas Pappas
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Jeffrey Organisciak
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Daniel Obrien
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Douglas Middleton
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Tyler Morton
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
Donna Mudrinich
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
To see all, go to Advanced Search
For more info, click here
  • Event Sales
  • Address 147-149 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 119,006
  • Price $ 88,000,000
notes
The Atlanta-based office-centric real estate investment trust acquired the land beneath the office property for nearly $88 million.
For more info, click here
  • Event Sales
  • Address 149 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 127,000
  • Price $ 88,000,000
notes
The 12-story office building was sold for $88 million.
For more info, click here
  • Event Sales
  • Address 150 East 34th Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 176,600
  • Price $ 120,000,000
notes
The 37-story, 252-key hotel was sold for $120 million.
For more info, click here
  • Event Sales
  • Address 1221 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 2,508,386
  • Price $ 1,000,030,000
notes
The Chinese sovereign wealth fund bought a 45% equity stake for $1.03 billion.
For more info, click here
  • Event Sales
  • Address 133 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 130,054
  • Price $ 206,000,000
notes
The 317-key hotel was sold for $206 million.
For more info, click here
  • Event Sales
  • Address 1 Soho Square
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 750,000
  • Price $ 650,000,000
  • Price per foot $ 866.00
notes
A 40% interest in the office and retail project sold for $650 million.
For more info, click here
  • Event Sales
  • Address 47-25 34th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 322,390
  • Price $ 89,000,000
  • Price per foot $ 276.00
notes
The office building sold for $89 million.
For more info, click here
  • Event Sales
  • Address 950 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 25,500,000
notes
The retail condominium sold for $25.5 million.
For more info, click here
  • Event Sales
  • Address 2178 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 140,000,000
notes
The hotel sold for $140 million or $500,000 per key.
For more info, click here
  • Event Sales
  • Address 15 West 45th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 37,500,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Lexington Realty
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Eaton Vance
notes
The ground lease under the Holiday Inn Express was sold for $37.5 million.
For more info, click here
  • Event Financing
  • Address 31 West 52nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 787,000
  • Price $ 500,000,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Paramount Group
  • Party 1 Brokerage Eastdil Secured
  • Party 2 AXA Equitable Life Insurance Company, Metropolitan Life Insurance
  • Party 2 Brokerage Quadrant Real Estate Advisors
notes
The company refinanced a $500 million loan.
For more info, click here
  • Event Sales
  • Address 135 East 125th Street, 126 East 126th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 108,000
  • Price $ 75,500,000
  • Price per foot $ 699.07
notes
The property sold for $75.5 million.
For more info, click here
  • Event Sales
  • Address 1285 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,800,000
  • Price $ 1,650,000,000
  • Price per foot $ 916.67
notes
The office building sold for $1.65 billion.
For more info, click here
  • Event Sales
  • Address 550 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 852,830
  • Price $ 1,400,000,000
  • Price per foot $ 1,641.59
notes
The Sony building sold for $1.4 billion.
For more info, click here
  • Event Sales
  • Address 2 Rector Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 476,000
  • Price $ 225,000,000
  • Price per foot $ 472.69
notes
The property was sold for $225 million.
For more info, click here
  • Event Sales
  • Address 30-02 48th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 150,000
  • Price $ 24,000,000
  • Price per foot $ 160.00
notes
A 90% stake was sold for $24 million.
For more info, click here
  • Event Sales
  • Address 787 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,700,000
  • Price $ 1,900,000
notes
The 51-story office office building sold for $1.9 billion.
For more info, click here
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 146,000,000
notes
The 24-story property sold for $146 million.
For more info, click here
  • Event Sales
  • Address 156 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 55,000,000
notes
The office building sold for $55 million.
For more info, click here
  • Event Sales
  • Address 475 Sixth Avenue
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 30,000,000
notes
TF Cornerstone acquired the 46-year ground lease for a retail co-op for $30 million.
For more info, click here
  • Event Sales
  • Address Stuyvesant Town-Peter Cooper Village
  • Neighborhood Stuyvesant Town
  • Borough Manhattan
  • Price $ 5,300,000,000
notes
The 11,200-unit famous housing complex sold for $5.3 billion.
For more info, click here
  • Event Sales
  • Address 151 West 54th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 382,000,000
notes
The 54-story, 563-key London NYC hotel sold for
For more info, click here
  • Event Sales
  • Address 3 Mitchell Place
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 138,000,000
For more info, click here
  • Event Sales
  • Address 99 Hudson Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 34,724
  • Price $ 48,000,000
  • Price per foot $ 1,382.33
  • 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
For more info, click here
  • Event Sales
  • Address 150 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 78,000
  • Price $ 355,000,000
  • Price per foot $ 4,551.28
To see all, go to Advanced Search

The 10 biggest NYC investment sales of 2016
12/29/16
...CalPERS and CommonWealth Partners Seller: AXA Financial Brokerage: Eastdil Secured The year’s largest building sale went under contract in late 2015, and no deal...

Manhattan’s top retail brokerages
...lured over Doug Harmon and Adam Spies from Eastdil Secured. Still, according to Joel Herkowitz, the COO of Lee & Associates, the bureaucracy at...

NYC’s 10 biggest investment sales in August
09/28/16
...s total value to $2.15 billion, according to CoStar. Eastdil Secured’s Doug Harmon represented Coach on the deal. Allianz owns at least three other...

Eastdil, Meridian tighten
lock on NYC mortgage
brokerage world
...brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an exclusive analysis by The Real Deal found. Eastdil Secured...

featureisales
See the rise and fall of top investment sales brokerages
02/16/16
...data and Real Capital Analytics Did you know Eastdil Secured has sold the most investment-grade real estate of any New York brokerage every year...

Investment sales ranking:
Who crushed it
and who got crushed?
...and by borough. What we found was that Eastdil Secured not only bested all other firms but also set a city record — $22.7 billion — for...

Multifamily mania
...control of the complex after the default, tapped Eastdil Secured’s Douglas Harmon to market it for sale. Jonathan Gray, Blackstone’s global head...

Gap widens between rivals
...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...

New buyers, one broker rule in 2014 building sales
...weren’t the only ones making a splash. Eastdil Secured, a division of banking giant Wells Fargo, had their superstar brokers Douglas Harmon and...

The big broker boost
...in brokered deals was especially good news for Eastdil Secured, CBRE Group, Massey Knakal Realty Services and Rosewood Realty Group, the top four firms...

FiDi investors change their tune
...Kent Swig. Doug Harmon and Adam Spies of Eastdil Secured are marketing the property, which does not have a publicly available asking price. And...

Stacking up sales brokers
...year for the city’s top two firms — Eastdil Secured (which had $7 billion in sales) and CBRE Group (which had $3.5 billion). Those firms saw...

The office slump
...no brokerage firm dominated the top 10 investment sales, Eastdil Secured’s team of Douglas Harmon and Adam Spies represented the most deals, with three...

2012’s biggest money makers
...done by a remarkably small group of brokers. Eastdil Secured’s Doug Harmon and Adam Spies handled six of the deals, while the CBRE...

Eastdil Secured: A $15 billion enigma
...Benjamin Lambert (left), founder and chairman of Eastdil Secured, and company CEO Roy March in the firm's Midtown headquartersgGoogle's record $1.8 billion purchase of...

Commercial brokerage firms: Who sold the most?
...past few years, but in a surprise upset, Eastdil Secured has emerged on top. According to an analysis by The Real Deal -- which...
Sections