• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Eastdil Secured founder Ben Lambert dies

Eastdil Secured’s Ben Lambert (Getty)
Eastdil Secured’s Ben Lambert (Getty)

Eastdil Secured’s Ben Lambert, who founded an industry institution and oversaw the sale of countless landmark properties like the General Motors Building in New York City and Chicago’s Willis Tower, died this weekend.

Roy March and Mike Van Konynenburg sent an email to Eastdil’s friends and clients Sunday notifying them of Lambert’s death.

“Ben was a true father-like figure to many of us, and we will miss his wisdom, warmth, leadership and love,” they wrote. “In a tough, high stakes environment, Ben never had a bad word to say about anyone.”

The cause of death was not disclosed. Lambert was in his 80s.

Lambert majored in art at Brown University but gave up ambitions of being a sculptor because he felt he didn’t have the talent to make a living as an artist, according to a 1980 profile by UPI.

Because he had no business training, he found work selling fabrics in Manhattan’s Garment District before landing a job at a mortgage firm.

In 1967, he founded Eastdil with the idea of bringing an investment banking approach to real estate brokerage.

His own list of deals includes financing of the Embarcadero Center mixed-use complex in San Francisco in the early 1970s. He sold the Irvine Ranch in 1977 for $337 million — then a record price for a land sale in the United States. Lambert sold the MacArthur Foundation apartment portfolio in the mid-1980s and the Helmsley Portfolio in the 1990s.

Eastdil entered into a venture with Nomura Securities in the 1980s and from 1999 to 2019 the company operated as a subsidiary of Wells Fargo. Lambert and his management team led a buyout of the company in 2019 in a venture with Guggenheim and Temasek.

[contact-form-7 404 "Not Found"]

The post Eastdil Secured founder Ben Lambert dies appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 01 February 2021
  • The Real Deal
  • Uncategorized
  •  Like
Ex-Freddie Mac boss looks to become top agency-backed CRE lender →← UK office and retail vacancies rising at record pace
  • Recent Posts

    • Mayor Karen Bass blasts everyone but herself for wildfire mishandling May 7, 2025
    • WEA, Beverly Hills Estates cut deal on $27M Malibu Colony home May 7, 2025
    • Oil firm eyes homes, hotel near Bolsa Chica wetlands in Huntington Beach May 7, 2025
    • Bankrupt Rite Aid to market 1.3K stores, including dozens in LA County May 7, 2025
    • Carolwood flexes with new LA pocket listings portal, boasting $1B+ in inventory May 7, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM