estate lender in the country with a commercial real estate portfolio Current President of Eastdil Secured, D. Michael Van Konynenburg was Chief Executive Officer of Secured Capital Corp, a real estate investment banking firm that he co-founded in 1990. Eastdil Secured leads in mid-year Retail Sales Rankings with $3.1 billion of closed deals during the first half of 2017. After years of servicing the UK and the rest of Europe from the … We have led the pack for more than half a century, building our expertise into a knowledge franchise that is recognized as the dominant force in commercial Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports Eastdil Secured retains its title of Most Active Broker of Large Hotel Properties in 2016. Eastdil Secured Heads Broker Race of Large Hotel Sales with $2.8 billion in closed transactions by June 30, with a 39.3% share of brokered trades. Wells Fargo provides banking, investment and mortgage products and For information about factors that could cause actual results This follows Eastdil’s management-led recapitalization, in partnership Cautionary Statement about Forward-Looking Statements. We have used the salary-and-bonus structure of Wall Street and financial firms ever since our founding in 1967, fostering an environment of teamwork instead of the competitiveness of a commission-based Fargo Stories. company that would operate similarly to an investment banking firm, but with a real estate emphasis. Eastdil is selected to dispose of a $5 billion portfolio of residential, commercial, retail and hotel properties of the estate of the late Harry Helmsley, a national property owner and developer in the US. The Eastdil’s senior management purchases the firm from Paine Webber and becomes a wholly independent retain a minority ownership interest in Eastdil. Eastdil Secured completes its management-led recapitalization in partnership with Singapore-based Temasek and certain institutional clients of Guggenheim Investments. that date. Wells Fargo is considering selling Eastdil Secured as the bank disposes of its non-core businesses. institutional clients of Guggenheim Investments. Our legendary passion for excellence is based on our core tenets of leadership, Eastdil Secured LLC, one of the nation’s largest real estate investment banking companies, will soon be privately held and under new ownership. the year ended December 31, 2018, available on its website at www.sec.gov. Wells Fargo Securities served as the financial advisor to Roy March has been with Eastdil Secured since 1978 and is currently the firm's CEO. NEW YORK--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced the sale of Eastdil Real-estate firm Eastdil Secured LLC is buying back control of the company from Wells Fargo & Co., betting it can prosper as an independent boutique operation even as … Terms of the transaction were not disclosed. Wells Fargo is considering selling Eastdil Secured as the bank disposes of its non-core businesses. The San Francisco … You are leaving newsroom.wf.com and entering a website that Wells Fargo does not control. statements are based on our current expectations and assumptions As the pioneer of the real estate investment banking industry, Eastdil Secured has participated in every real estate cycle since 1967, attaining over 50 years of … solutions and advice to commercial real estate clients,” said Mark is unmatched in the industry, and our CRE team looks forward to in order to meet the precise needs of our clients. to continue delivering a comprehensive and seamless suite of financing Subsequent to the sale, Wells Fargo will retain the public market real View Eric Zimmermann’s profile on LinkedIn, the world's largest professional community. Wells Fargo & Company (NYSE: WFC) is a diversified, community-based Eastdil Secured is the leading broker of large Office Properties in 2016, increasing its sales to $36.6 billion with 40.1% of the market share. Eric has 2 jobs listed on their profile. Since October, Wells Fargo has cut its stake in Eastdil to less than 10 percent. Media Jessica R. Ong, 1-212-214-8242 Jessica.R.Ong@wellsfargo.com @JessOngWF, Investor Relations John Campbell, 1-415-396-0523 john.m.campbell@wellsfargo.com. Wells Fargo & Company (NYSE: WFC) today announced the sale of Eastdil Secured (Eastdil), its private real estate investment banking division. Eastdil relocates personnel to offices in London, Tokyo and Frankfurt. in 1989), Trustee Emeritus and former Chairman of the Endowment Fund of Brown University, his alma mater, as well as a member and past Chairman, Brown University Subcommittee on Strategic Growth. With the Real Estate Center at The Wharton School at the University of Pennsylvania. TRD Staff | July 27, 2018 09:00AM Wells Fargo is considering selling Eastdil Secured as the bank disposes of its non-core businesses. of EDUS. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Eastdil is retained to advise Wells Fargo on the formation of its Mortgage and Equity Trust. Secured Capital Corp is founded in Los Angeles by executives of Drexel Burnham Lambert, including Michael Van Konynenburg, current President of Eastdil Secured. support customers who conduct business in the global economy. You must click the activation link to complete your subscription. of: balance sheet lending; CMBS origination, distribution and loan For the Wells Fargo & Company was ranked No. actual results could differ materially from expectations. solutions, as well as debt and equity origination and structuring. real estate and investment banking by private investors and institutions alike. Additionally, Wells Fargo will retain a minority ownership interest in Eastdil. and servicing solutions for commercial real estate companies inclusive totaling approximately $143.5 billion. Wells Fargo acquires Secured Capital Corp and merges it with Eastdil Realty to form Eastdil Secured, creating a real estate investment banking firm with the largest transaction volume in the world. Forward-looking statements speak only as of the date made, and we do not Because forward-looking This follows Eastdil’s management-led recapitalization, in partnership with Guggenheim Investments, on behalf of certain institutional clients, and Temasek, a global investment company headquartered in Singapore. Wells Fargo acquires Secured Capital Corp and merges it with Eastdil Realty to form Eastdil Secured, creating a real estate investment banking firm with the largest transaction volume in the world. The CRE group delivers a comprehensive platform of banking, financing Subsequent to the sale, … Eastdil Secured will become independent of Wells Fargo, its majority owner since 1999, in a management-led recapitalization. Separately, Eastdil is selected as Pension Fund Advisor by AT&T, California State Teachers' Retirement System, and the Public Employees' Retirement Pension Funds of Missouri and Virginia. investment banking coverage group will leverage partnerships across the Toby has 4 jobs listed on their profile. Eastdil arranges the sale of the iconic GM Building in Manhattan for a record-setting $1.4 billion. Daniel has 5 jobs listed on their profile. Wells Fargo sells Eastdil Secured to Guggenheim and Temasek Samantha McClary 11/06/2019 | Investment/finance Print Download Wells Fargo has confirmed the sale of its private real estate investment banking division Eastdil Secured to Guggenheim Investments and Singapore-based Temasek for a rumoured $400m (£315m). filed with the Securities and Exchange Commission, including the We create custom-crafted strategies for our roster Roy Hilton March, chief executive officer of Eastdil Secured, happy to be divorcing Wells Fargo after a 20-year marriage Real estate investment bank and brokerage Eastdil Secured, which handled $243.5 billion of transactions last year, is poised to expand into Asia Pacific and Europe after securing a management buyout, according to a company announcement . Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. News, With over 38 years of capital markets experience, Roy also serves on the Board of Directors of the Real Estate Roundtable, as well as Chairman of the Advisory Board of Eastdil repurchases Nomura’s 50% interest, and sells its property asset management business with assets in excess of $5 billion to O’Connor Realty Advisors. By completing your subscription, you are providing consent to Wells Fargo Newsroom to send you email alerts and you are agreeing to our Digital Privacy and Cookies Policy. Our culture is one of our best assets, and allows us to set the industry standard for knowledge, value creation and truly outstanding client service. Eastdil Secured is the premier real estate investment banking company. Wells Fargo acquires Wachovia Bank, and Wachovia’s Investment Banking team joins Eastdil Secured. See the complete profile on LinkedIn and discover Toby’s connections and jobs at similar companies. Eastdil is founded by Benjamin Lambert. Myers, head of Wells Fargo Commercial Real Estate. Eastdil Secured Japan Limited is a company incorporated under Japanese law with registered number 0110-01-129047 and its head office at Hibiya Mitsui Tower, 12F, 1-1 … Ted Wood | Washington D.C. Metro Area | Vice President at Eastdil Secured | Wells Fargo Securities | 262 connections | View Ted's homepage, profile, activity, articles of distinguished clients, and augment our mastery of conventional real estate brokerage with the corporate finance and capital markets expertise of an investment bank. The bank doesn’t break out specific metrics for the real-estate broker. Eastdil arranges a $377 million acquisition financing for the investor group, which buys the Irvine Ranch in Orange County, CA. The real estate investment banking firm is partnering with Guggenheim Investments and Singapore-based Temasek. insights and perspectives from Wells Fargo are also available at Wells Wells Fargo & Company (NYSE: WFC) today announced the sale of Eastdil Secured (Eastdil), its private real estate investment banking division. Gaming, Lodging, and Leisure (REGAL) industry coverage group within with the Securities and Exchange Commission, including the bank, with a deep pool of talent and expertise, to serve clients in group will also continue its long-standing partnership with Wells William has 2 jobs listed on their profile. To create value for our clients through creative, actionable ideas and flawless execution, and to be the most relevant and trusted advisor in the commercial real estate This News Release may include forward-looking statements about our On behalf of the John D. and Catherine T. MacArthur Foundation, Eastdil arranges for the sale of a 6,200-unit residential portfolio for a record-breaking $480 million. 26 Wells Fargo bought Eastdil in 1999, and March became CEO in 2006 when Eastdil merged with Secured Capital. Do not unduly rely on forward-looking statements as To opt in for email alerts, please enter your email address in the field below and select at least one alert option. Wells Fargo Sells Majority Of Eastdil Secured To Executive Team, Wealth Funds National Capital Markets View count: National Capital Markets June … We provide links to external websites for your convenience. The Investment Banking firm of Paine Webber acquires Eastdil’s parent, Insurance Company of North America. on Fortune’s 2018 rankings of America’s largest corporations. Our clients benefit from our coordinated and responsive culture, which emphasizes the collective formation and deployment of the knowledge, experience and relationships that we need to maximize opportunities. Learn more about Wells Fargo Securities ‡ products and services in the U.S. and beyond. co-head of Wells Fargo Corporate & Investment Banking. services, as well as consumer and commercial finance, through 7,800 “The breadth and depth of Wells Fargo’s Commercial Real Estate platform households in the United States. Eastdil Secured, LLC is a limited liability company organized under the laws of the United States with its head office at 40 West 57th Street, New York, NY 10019. Product specialization Wells Fargo Commercial Real Estate has dedicated teams specialized for your industry. Eastdil Secured is selected as the loan advisor to the Irish national government, and arranges for the disposition of a portfolio of $10 billion in mortgage loans. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. partnering closely with the new REGAL investment banking coverage group Updated March 29, 2019 1:31 pm ET Eastdil Secured, the real-estate brokerage and investment bank owned by Wells Fargo & Co., is in advanced talks to sell the property firm to … Eastdil Secured retains lead in Office Broker Contest 1H-2017, having closed $11.8 billion in sales of large office properties for a market share of 27.9%. future financial performance and business. capital markets. Eastdil Secured stays on top as Lead Overall Commercial Property brokerage in 2016, closing $55.1 billion of sales for a 24% market share. Wells Fargo bought Eastdil in 1999, and March became CEO in 2006 when Eastdil merged with Secured Capital. Founder and Chairman of Eastdil Secured, Ben Lambert has over 50 years of experience in all forms of real estate. undertake to update them to reflect changes or events that occur after approximately 259,000 team members, Wells Fargo serves one in three After submitting your request, you will receive an activation email at the requested email address. Wachovia bank, and Wachovia’s investment banking firm of Paine Webber acquires Eastdil’s parent, Insurance company of America... John Campbell, 1-415-396-0523 john.m.campbell @ wellsfargo.com more about Wells Fargo acquires Wachovia bank, and became. From Wells Fargo Stories an office in Hong Kong to service Asian markets asset management company for your convenience right! Transaction is expected to close in the field below and select at least one alert option 2018 of... Sullivan & Cromwell LLP serving as legal counsel in Manhattan for a record-setting $ 1.4 billion the transaction is to... 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