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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.


Darcy Stacom poaches one of Eastdil Secured’s up-and-coming brokers
02/13/19
...headquarters at 200 Park Avenue (Credit: CBRE and Wikipedia) Eastdil Secured has lost another one of its dealmakers as the company’s executives are reportedly...

WeWork finally owns its HQ property
02/11/19
...declined to comment. Last week, sources confirmed that Eastdil Secured negotiated a $900 million loan for WeWork from JPMorgan Chase, Starwood Property Trust and a...

These are NYC’s top investment sales firms
02/11/19
...long used to playing third string behind competitors Eastdil Secured and CBRE — grew its lead by leaps and bounds since poaching Eastdil’s top...

Will Silverman in talks to join Eastdil: sources
02/05/19
...From left: Will Silverman, Eastdil Secured...

The I-sales reboot
...long used to playing third string behind competitors Eastdil Secured and CBRE — grew its lead by leaps and bounds since poaching Eastdil’s top...

Today is WeWork’s deadline to close on the Lord & Taylor building. Here’s what’s happening with the deal
01/31/19
...to close by early next week, sources said. Eastdil Secured negotiated a $900 million loan to fund the purchase. JPMorgan Chase, Starwood Property Trust and...

Ashford picks up Midtown hotel for $195M
01/23/19
...trying to offload the Embassy Suites for $200 million. Eastdil Secured brokered the sale. A representative for the firm declined to comment. Hotel fundamentals in...

Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources
01/12/19
...square feet in total. Tishman declined to comment. Eastdil Secured, which has the listing, did not respond to requests for comment. The 425,300-square-foot Brickyard...

These were the top 5 development site trades of 2018
12/31/18
...Disney Company Seller: Trinity Church Real Estate Brokerage: Eastdil Secured When Walt Disney sold ABC’s Upper West Side headquarters to Silverstein Properties, it...

Here are the 10 biggest portfolio sales of 2018
12/31/18
...Buyer: Silverstein Properties Seller: Walt Disney Company Brokerage: Eastdil Secured In the midst of the Walt Disney Company’s $71 billion acquisition of parts of...

Here are the top broker comings and goings of 2018
12/28/18
...the spring lured the top-hotel sales team from Eastdil Secured. The brokerage hired Lawrence Wolfe, Adam Etra, Mark Schoenholtz, and Miles Spencer, who were...

SJP and Prudential buy 470 Park Ave South for $245M
12/19/18
...teamed up with Nuveen on a $1.2 billion portfolio. Eastdil Secured represented Nuveen and Norges in the sale. Nuveen brought the firm on to market...

The 10 biggest NYC investment sales of 2018
12/17/18
...Estate Seller: SL Green Realty, Ivanhoe Cambridge Brokerage: Eastdil Secured SL Green sold off several properties this year as part of an effort to...

Allianz’s Gary Phillips is heading to Eastdil
12/10/18
...America, is leaving the company and moving to Eastdil Secured, where he will serve as managing director for capital markets and real estate sales...

Pebblebrook sells two hotels to Highgate and LeFrak
12/03/18
...Dumont Hotel in Midtown from Pebblebrook for $120 million. Eastdil Secured marketed the Gild Hall on behalf of Pebblebrook. A representative declined to comment. Maryland-based...

SL Green invests $148M for stake in HNA’s 245 Park Avenue
11/30/18
...York Post reported. HNA Group was represented by Eastdil Secured in the transaction. HNA bought the 1.78-million-square-foot building in 2017, paying $2.2 billion with $1.8 billion in...

Sabey looks to sell office portion of 375 Pearl for north of $300M
11/06/18
...could not be immediately reached for comment. An Eastdil Secured team of Jeff Scott, Doug Middleton and Brett Siegel is marketing the property. The...

There’s gold in them zones: How Opportunity Zones could impact real estate
10/22/18
...leaders of the Blackstone Group, Brookfield Property Group, Eastdil Secured and the Related Companies, wrote in a June letter to the Treasury and IRS...

Alexandria Real Estate Equities buys LIC building for $75M
10/10/18
...The Cushman brokers negotiated that deal while at Eastdil Secured. The investors pumped more than $20 million into upgrading the property. Alexandria, meanwhile, bought Pfizer...

Inside JLL’s investment sales shakeup
10/08/18
...s leading investment sales brokerage after it hired Eastdil Secured brokers Doug Harmon and Adam Spies. On the heels of Knakal taking a leading...

Dalan Management, Elion Partners buy apartments across from Google HQ for $83M
10/01/18
...T Bank provided financing for the deal. An Eastdil Secured team of Jean Celestin, Dan O'Brien and Brett Siegel represented the Brodsky Organization in...

Inside JLL’s investment
sales shakeup
...s leading investment sales brokerage after it hired Eastdil Secured brokers Doug Harmon and Adam Spies. On the heels of Knakal taking a leading...

AIG is trying to sell this Midtown hotel for more than $200M
09/28/18
...for more than $200 million. The company has enlisted Eastdil Secured to find buyers for the Embassy Suites by Hilton New York Midtown Manhattan, according...

Ivanhoe Cambridge buys longtime partner Callahan Capital
09/20/18
...dépôt et placement du Québec. Eastdil Secured helped arrange the acquisition. In New York, Ivanhoe and Callahan own 85 Broad Street, 1211 Sixth...

How Bob Knakal’s move to JLL will impact the i-sales market
09/17/18
...which built its investment sales strategy around former Eastdil Secured brokers Doug Harmon and Adam Spies. He and former partner Paul Massey sold their...
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 60 West 37th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 195,000,000
  • Publication Date 01/28/2019
  • Event Date 01/23/2019
  • Party 1 AIG Global Real Estate
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Ashford Hospitality Trust
  • Party 2 Brokerage Eastdil Secured
notes
The buyer acquired the Garment District property for $195 million.
For more info, click here
  • Event Sales
  • Address 470 Park Avenue South
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 245,000,000
  • Publication Date 12/23/2018
  • Event Date 12/19/2018
  • Party 1 SJP Properties, Prudential Financial
  • Party 2 Norges Bank Real Estate, Nuveen
  • Party 2 Brokerage Eastdil Secured
notes
The buyer secured the Midtown South property for $245 million.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • 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.
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 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 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 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 950 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 25,500,000
notes
The retail condominium sold for $25.5 million.
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  • 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.
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  • 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.
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  • 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 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 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 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 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.
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...

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...

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