Eastdil Secured | The Real Deal New York

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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.


08/10/18
...Will Eastdil Secured go the way of a private equity buyer? Or will a commercial brokerage swoop...

08/10/18
...Wells Fargo CEO Timothy Sloan and Eastdil Secured CEO Roy March (Credit: Economic Club) As part of a larger strategy to shed...

08/08/18
...Wakefield and headed to Avison Young, and top Eastdil Secured hotel broker Larry Wolfe jumped to Newmark Knight Frank. Meanwhile, David Fowler left HFF...

...Wakefield and headed to Avison Young, and top Eastdil Secured hotel broker Larry Wolfe jumped to Newmark Knight Frank. Meanwhile, David Fowler left HFF...

07/26/18
...Wells Fargo CEO Timothy Sloan and Eastdil Secured CEO Roy March (Credit: Economic Club) Wells Fargo is considering selling Eastdil Secured as...

07/23/18
...approaching zero, that’s when Highgate buys,” said Eastdil Secured’s Adam Etra, who has worked with the firm. And once it does buy...

07/13/18
...York REIT for a senior position at WeWork. Eastdil Secured is representing the seller on the Viceroy deal. HEI Hotels & Resorts will serve...

07/09/18
...of the monster acquisition of 20th Century Fox. Eastdil Secured is representing ABC in the Upper West Side sale and the 4 Hudson Square acquisition...

07/06/18
...Square that would allow for 1.2 million square feet. Eastdil Secured is brokering the sale and the financing. Representatives for Silverstein and Eastdil declined to...

07/02/18
...investment sales team led by Lawrence Wolfe from Eastdil Secured. Weaver, the analyst, said Newmark’s lukewarm IPO was the biggest deterrent for Cushman...

...investment sales team led by Lawrence Wolfe from Eastdil Secured. Weaver, the analyst, said Newmark’s lukewarm IPO was the biggest deterrent for Cushman...

06/29/18
...s Doug Harmon and Adam Spies (then at Eastdil Secured) — came up with a creative solution. They got Crate & Barrel to agree to...

06/24/18
...reportedly looking into debt recapitalization of the building. Eastdil Secured...

06/21/18
...led by Doug Harmon and Adam Spies from Eastdil Secured, gave the company a robust injection of commissions from investment sales.  A $5 billion valuation...

06/11/18
...Analytics, but is not yet in property records. Eastdil Secured, which brokered the portfolio deal, declined to comment. Representatives for Brookfield and Carmel did...

06/01/18
...told The Real Deal. The investment manager hired Eastdil Secured to market the stake in the 17-story, 260,000-square-foot Midtown office property, sources said. Sources...

05/31/18
...in sales for 3,564 properties. In third place was Eastdil Secured, with $6 billion in deals for 208 properties. Fourth-ranked Cushman & Wakefield brokered almost $4.7 billion in...

05/30/18
...up its New York presence, having recently poached Eastdil Secured’s hotels team and agreed to acquire Robert Futterman’s retail-centric brokerage RKF. Cushman...

05/29/18
...last year with the hotel investment-sales team at Eastdil Secured led by Larry Wolfe, who recently jumped to Newmark Knight Frank with three of...

05/24/18
...to the strength of the New York market.” Eastdil Secured took the No. 2 spot this time around with $5.8 billion across 15 loans, down from $12.96 billion...

05/22/18
...closes, would mark the first deal since an Eastdil Secured hotel investment-sales team led by Larry Wolfe left for Newmark Knight Frank. Wolfe, Mark...

...in sales for 3,564 properties. In third place was Eastdil Secured, with $6 billion in deals for 208 properties. Fourth-ranked Cushman & Wakefield brokered almost $4.7 billion in...

05/15/18
...Frank lured away the top hotel-sales team from Eastdil Secured to build up its capital markets group. The move is Newmark’s biggest poach...

05/11/18
...previously rumored to have equity in the deal. Eastdil Secured brokered the deal and the loan. Representatives for Capstone, Highgate and Eastdil declined to...

05/03/18
...to the strength of the New York market.” Eastdil Secured took the No. 2 spot this time around with $5.8 billion across 15 loans, down from $12.96 billion...
Eastdil Secured, Real Estate Salesperson
40 West 57th Street, 22nd Floor, New York, NY, (212) 315-7200
...
HFF , Real Estate Salesperson
50 Rockefeller Plaza, 15th Floor, New York, NY, (212) 632-1821
...
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, 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
...
Cushman & Wakefield, Real Estate Salesperson
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
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
...
To see all, go to Advanced Search
  • Event Financing
  • Address 77 West 66th Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 420,000
  • Price $ 715,000,000
  • Publication Date 07/23/2018
  • Event Date 07/17/2018
  • Party 1 Silverstein Properties
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Deutsche Bank
  • Party 2 Brokerage Eastdil Secured
notes
The owner secured a loan of $715 million for the Lincoln Square property.
  • Event Sales
  • Address 120 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 128,433
  • Price $ 41,000,000
  • Publication Date 07/16/2018
  • Event Date 07/13/2018
  • Party 1 New York REIT
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Arden Group
notes
The buyer entered into a contract to purchase the Midtown hotel for $41 million.
  • Event Financing
  • Address 541 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 317,496
  • Price $ 170,000,000
  • Publication Date 06/04/2018
  • Event Date 05/25/2018
  • Party 1 Capstone Equities, Highgate
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Loancore Capital
notes
The owners secured a $170 million loan to refinance the Upper East Side property.
  • Event Sales
  • Address 160 West 97th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 503,511
  • Price $ 287,000,000
  • Publication Date 04/02/2018
  • Event Date 04/02/2018
  • Party 1 Stonehenge Partners, SL Green Realty, Ivanhoe Cambridge
  • Party 1 Brokerage Rosewood Realty Group, Eastdil Secured
  • Party 1 Broker Aaron Jungreis
  • Party 2 A&E Real Estate Holdings
notes
The buyer acquired the Upper West Side protfolio for $287 million.
  • Event Sales
  • Address 1440 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 747,576
  • Price $ 520,000,000
  • Publication Date 01/09/2018
  • Event Date 12/21/2017
  • Party 1 New York REIT
  • Party 1 Brokerage CBRE, Eastdil Secured
  • Party 2 CIM Group
notes
The buyer acquired the Midtown building for $520 million.
  • Event Financing
  • Address 1440 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 747,576
  • Price $ 360,000,000
  • Publication Date 01/09/2018
  • Event Date 12/21/2017
  • Party 1 CIM Group
  • Party 1 Brokerage CBRE, Eastdil Secured
  • Party 2 Blackstone Group
notes
The owner secured a loan for $360 million for the Midtown building.
  • Event Financing
  • Address 53-83 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 443,000
  • Price $ 250,000,000
  • Publication Date 10/01/2017
  • Event Date 08/29/2017
  • Party 1 Rockwood Capital
  • Party 1 Brokerage Eastdil Secured
  • Party 2 M&T Bank
notes
The real estate investment company acquired a $250 million loan for the Empire Stores complex.
  • Event Sales
  • Address 85 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,120,000
  • Price $ 652,000,000
  • Price per foot $ 582.00
  • Publication Date 07/01/2017
  • Event Date 06/01/2017
  • Party 1 Beacon Capital Partners
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Ivanhoe Cambridge
notes
The 30-story building in the Financial District was sold for $652 million.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Event Sales
  • Address 950 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 25,500,000
notes
The retail condominium sold for $25.5 million.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
To see all, go to Advanced Search

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...

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

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...

...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
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...

...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...

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

...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...

...weren’t the only ones making a splash. Eastdil Secured, a division of banking giant Wells Fargo, had their superstar brokers Douglas Harmon and...

03/14/14
...Robert Verrone and Simon Ziff The investment-banking giant Eastdil Secured and the financial brokerage firm Meridian Capital Group were the two most active intermediaries...

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

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

...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...

...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...

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

...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...

...past few years, but in a surprise upset, Eastdil Secured has emerged on top. According to an analysis by The Real Deal -- which...
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