Commercial, Multifamily Briefs from Bellwether Enterprise Real Estate Capital, Eastdil Secured

BWE Expands Washington, D.C. Presence with Experienced Commercial Real Estate Finance Firm

Bellwether Enterprise Real Estate Capital LLC acquired Washington, D.C. area-based Phillips Realty Capital.

With offices in Bethesda, Md., as well as Alexandria, Charlottesville and Richmond, Va., Phillips has been a fixture in the Washington, D.C. real estate community for 85 years. Led by C. Stephen Shaw Jr., now Executive Vice President, the team will now be part of a national, privately owned platform that will provide expanded financing solutions for its clients. 

Shaw and his team have originated over $1.5 billion in annual production.

John Sieber, Executive Vice President, Daniel Shiff, Senior Vice President, Joseph Tilley, Director of Financial Operations, David Foulk, Senior Vice President, William Wrench, Vice President, Mark Remington, Senior Vice President, Adam Bieber, Senior Vice President and Charles DuBose, Senior Vice President, are among the 20 employees who will also join the BWE team.

Eastdil Secured Opens Miami Office
Eastdil Secured LLC, New York, opened a new office in Miami.

The firm also hired Matt DeAtley, who joined Eastdil Secured’s Miami office in late December, to help drive financing, joint venture and structured transaction businesses across asset classes.

The new office will be located at 1001 Brickell Bay Drive in Miami’s financial district and will be managed by Managing Director Jeff Scott. Managing Directors Phil Brosseau, Brian Budnick, Chris Campbell, Ken Glomb, Stephen Livaditis, Ryan Reid, Miles Theodore, Stephen Van Dusen and Ken Ziebelman will continue to dedicate time to Florida and the Southeast.

Eastdil Secured closed more than $8 billion of sales, joint ventures and financings in Florida last year, including refinancing the Four Seasons Surf Club and the Four Seasons Palm Beach as well as the sales of the Heights Union office buildings in Tampa and the Amazon distribution facility in Port St. Lucie. The firm also advised on transactions of multifamily assets comprising nearly 17,000 apartment units, highlighted by the sales of Sabal Palms at Carrollwood Apartments in Tampa and Kings County Apartments in Miami.