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.


04/20/17
...market. A team led by Lawrence Wolfe of Eastdil Secured is marketing it. Neither Wolfe nor a spokesperson for Highgate, which manages the roughly...

04/05/17
...Hotel (Credit: Getty Images) Steve Witkoff is tapping Eastdil Secured to market the Park Lane Hotel as part of an agreement to oust scandal-plagued...

04/04/17
...Capital Partners owns the 32-story building, and hired Eastdil Secured to market it, according to Bloomberg. At that reported purchase price, the deal would...

03/30/17
...the very early stages, but HNA has tapped Eastdil Secured to lead the sales effort. HNA, headed by Chen Feng, bought a 90 percent stake...

03/22/17
...million. The deal valued the property at $352.5 million. Eastdil Secured is marketing the building stake for sale. – Rich Bockmann...

03/13/17
...the joint Pebblebrook-Denihan portfolio was valued at $820 million. Eastdil Secured and Hodges Ward Elliott brokered the deal on behalf of the seller. The LeFrak...

03/08/17
...range from $37 to $45 per square foot, CoStar shows. Eastdil Secured is representing the seller in the deal. The brokerage declined to comment, while the...

02/14/17
...team of Doug Harmon and Adam Spies from Eastdil Secured. And in December, Colliers International lured away the JLL investment sales team of Richard...

02/09/17
...big-time dealmakers Doug Harmon and Adam Spies from Eastdil Secured. Correction: A previous version of this article incorrectly stated the revenue from Newmark Grubb...

02/07/17
...such as Cushman & Wakefield, CBRE, JLL and Eastdil Secured — the firm has had little to no presence in the competitive worlds of institutional...

02/06/17
...the February issue: For the last six years, Eastdil Secured has beat out the competition, landing the top spot on The Real Deal’s...

01/19/17
...Sachs headquarters at 85 Broad Street. The owners hired Eastdil Secured to market the 1.1 million-square-foot building, which is 91 percent occupied, according to Real Estate Alert...

01/18/17
...investment sales ranking in 2016, with $8.8 billion in transactions. Eastdil Secured, which has led the pack for the past several years, did $22.7 billion in deals...

01/18/17
...first news conference since joining the company from Eastdil Secured in October. "That’s a pretty big drop on a relative basis from the...

01/18/17
...in 2013, is coming back to the market with Eastdil Secured. New York REIT retained an Eastdil team led by Roy March and David Lazarus...

01/11/17
...The hospital, which has been struggling financially, hired Eastdil Secured in May 2016 to market the building at the corner of East 17th Street for...

01/06/17
...investment-sales powerhouses Doug Harmon and Adam Spies from Eastdil Secured in October...

01/06/17
...sales division was well behind the sharks at Eastdil Secured and CBRE and, according to this source, the quartet was given an ultimatum in...

01/03/17
...District’s landmarked Marine Midland Building at 117 Broadway. Eastdil Secured...

12/30/16
...was Doug Harmon and Adam Spies’ defection from Eastdil Secured to Cushman & Wakefield that was, as TRD dubbed it earlier this month, “the...

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...

12/28/16
...tower at about $2.29 billion. The purchase, brokered by Eastdil Secured, is the seventh largest investment sale of the year, taking into account both partial...

12/22/16
...And some of the year's biggest moves — including Eastdil Secured...

12/20/16
...a 196-key hotel on the property, but hired Eastdil Secured to market the property earlier this year. Last month, the Wall Street Journal reported...

12/09/16
...on behalf of the former owners before leaving Eastdil Secured for Cushman & Wakefield in October. 2) Art students in for new landlord following "Sledgehammer...
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, 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
...
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
...
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 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 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 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 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 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 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 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 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 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 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 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 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 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.
  • 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.
  • Event Sales
  • Address 156 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 55,000,000
notes
The office building sold for $55 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.
  • 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.
  • 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
  • Event Sales
  • Address 3 Mitchell Place
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 138,000,000
  • 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
  • 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
  • Event Sales
  • Address 234 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 210,000
  • Price $ 118,000,000
  • Price per foot $ 561.90
  • Event Sales
  • Address 40 West 25th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 130,000
  • Price $ 106,000,000
  • Price per foot $ 815.38
  • Event Financing
  • Address 250 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Chetrit Group, Eastdil Secured
  • Party 1 Brokerage Athene Annuity and Life Company
notes
A $129 million loan was arranged for the hotel. n/a
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...

...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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