Matt DeAtley and Grant Frankel

Eastdil Secured opened its Miami office at 1001 Brickell Bay Drive in 2022, and hasn’t looked back. 

Matt DeAtley launched and leads the Miami location, which has gone from strength to strength ever since its debut, racking up more than $10 billion in business in South Florida alone — phew!  Integral to the firm’s success in the market is Grant Frankel, a New York-based managing director at the firm whose rainmaking ability stretches from coast to coast. 

The firm’s deal sheet is full of reasons for green-eyed competitors to be salty today, with several high-profile deals signed, sealed and delivered. Those deals include 545 Wyn, the largest new construction office sale in South Florida since 2021; the sale of the Eau Palm Beach Resort and Spa to centibillionaire Larry Ellison, who’s adding a Nobu to the property; and the $772 million construction loan for Related Ross’ new office towers at 10 City Place and 15 City Place. 

The latter represents the largest development loan ever executed in Florida as well as the largest loan in Related Ross’ company history. Ares Real Estate led the loan alongside BlackRock’s private credit arm, HPS Investment Partners and Monarch Alternative Capital. 

“This record-breaking transaction is a testament to what Related Ross is doing in Palm Beach County, attracting a world-class tenancy to a vibrant, mixed-use ecosystem where business, lifestyle and community intersect,” DeAtley said. “For the first time, we are now seeing global capital come to the region as a result.”

Other notable recent transactions include the $392 million construction loan for Terra and Turnberry’s Grand Hyatt Miami Beach, a 17-story property in the team’s pocket that’s adjacent to the Miami Beach Convention Center. Tyko Capital was the lender in the transaction, which finally moves the much-anticipated hotel forward.

And Eastdil is only getting started. Just recently, the firm hired Nick Lavin as a director of the firm’s national housing group in Miami. It’s also currently in the market with Banyan & Olive, Wheelock Street Capital and Brand Atlantic’s trophy two-building office and retail property in the West Palm Beach waterfront district — a rare opportunity in a market largely monopolized by Stephen Ross. (But will he snap up that building too? Stay tuned!)