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
By using this form you agree with the storage and handling of your data by this website.

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.


Inside TPG’s playbook for Cushman
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...

Brookfield buys 15 Cliff as part of $1.9B portfolio deal
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...

TIAA arm wants to sell 49% stake in 470 PAS
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...

These are the top commercial sale brokerages across the country
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...

Cushman is planning to file for an IPO in June: sources
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...

Brookfield nears deal to buy the Hotel Indigo for $160M
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...

New York’s top commercial loan brokerages
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...

Westbrook close to buying the W Union Sq. hotel for $168M
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...

The top closers
...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...

Newmark poaches top hotel I-sales broker Larry Wolfe from Eastdil
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...

Capstone and Highgate score $130M loan to buy W hotel
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...

NYC’s biggest debt brokerages
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...

Sizing up NYC’s debt brokerage powerhouses
...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...

Here are the top 10 Chicago investment sales of the first quarter
04/18/18
...Buyer: Sterling Bay Seller: Equity Commonwealth Seller's broker: Eastdil Secured Sterling Bay tops the list of buyers with its pickup of the 1.4 million-square-foot 600 West...

1241 Broadway, Michael Kirschmann and Alan Rudikoff
GDS planning 20-story office building on one of NoMad’s few unbuilt lots
04/13/18
...Restaurant, and a block south of Greeley Square. Eastdil Secured’s Brett Siegel, Evan Layne and Jeff Organisciak represented the seller. GDS and Eastdil...

Here is how Pfizer’s sale-leaseback stacks up to other big deals
04/12/18
...of the city’s other larger sale-leasebacks, left Eastdil Secured for Cushman just months before their team won the assignment. Cushman, which placed No...

Vanbarton buying the UN-leased Albano Building for $117M
04/11/18
...what Vanbarton would plan for the property. An Eastdil Secured team is representing the seller in the deal. Eastdil is also brokering Silverstein Properties...

SL Green, Ivanhoe to sell 1745 Broadway offices for $633M
04/11/18
...the 50-story building, on the market in January.  Eastdil Secured brokered the deal. Penguin Random House occupies 604,000 square feet under a long-term lease. SL...

Silverstein is buying ABC’s Upper West Side campus for $1B: report
04/06/18
...on the deal, which is being brokered by Eastdil Secured. Rumors have been swirling since December when Disney announced it would acquire 21st Century...

A&E closes on $287M purchase of Stonehenge Village
04/02/18
...Aaron Jungreis, who procured the buyer, and an Eastdil Secured team, sources said. Representatives for SL Green, Ivanhoe, A&E and the brokers...

Midtown Equities selling LES rental building it just developed
03/06/18
...Madison Avenue to Columbia Property Trust for $88 million. Eastdil Secured, which is also marketing the nearby Hotel Indigo Lower East Side and a large...

Will Google’s huge appetite transform a vibrant slice of Manhattan?
03/05/18
...purchase as well, when Harmon was still at Eastdil Secured. Both declined to comment for this story. “These are very different times and points...

Jack Parker puts massive multifamily portfolio on the market
03/02/18
...if that property is still being marketed by Eastdil Secured, which received the listing in...

Will the feds bungle billions in NYC real estate?
03/02/18
...on deaf ears, and in May Witkoff enlisted Eastdil Secured to sell the hotel for around $1 billion. But over the summer, the DOJ shifted...

Will the feds bungle billions?
...on deaf ears, and in May Witkoff enlisted Eastdil Secured to sell the hotel for around $1 billion. But over the summer, the DOJ shifted...
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 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 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 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 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 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 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...

Eastdil, Meridian top list of large-loan brokerages
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...

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