![]() Among those influential roles, he has served as a member of the boards of directors of the Irvine Company and Hilton Hotels Corporation. Beyond the firm, he served as a highly sought-after advisor to a number of corporate boards of directors and important organizations. This management-led recapitalization took the firm private and solidified the firm's position as the premier independent real estate investment bank.Ī living icon, Ben's countless contributions laid the foundation for today's commercial real estate industry. In 2019, Ben and the firm's management team led Eastdil Secured's recapitalization, in partnership with Guggenheim, Temasek and Wells Fargo. In the 1980's, the firm entered into a venture with Nomura Securities and from 1999 to 2019 operated as a subsidiary of Wells Fargo Bank. ![]() ![]() Over time, the firm grew, expanding across the world and becoming an integral partner on every type of property and transaction type. Over the course of his 54-year career, he was involved in some of the world's most iconic real estate transactions, such as: the financing of the Embarcadero Center in the early 70's facilitating the purchase of the Irvine Ranch in 1977 the sale of the MacArthur Foundation apartment portfolio in the mid-80's and the sale of the Helmsley Portfolio in the 90's. He established the unique culture of the firm that is the hallmark of our company today.īen founded the firm in 1967 with the vision to bring an investment banking approach to real estate. Mandatory evacuations are in place for Webbers Falls as engineers continue to assess the situation.Ben was a legend in real estate and the founder of the real estate investment banking industry. I-40 and Highway 64 remain closed Thursday morning due to the incident. ODOT closed I-40 and Highway 64 Wednesday due to fears that the barges would break through the dam on the Arkansas River and cause catastrophic flooding. We’re told the barges were carrying fertilizer. The force of the rushing watch caused the second barge to give way and sink as well.įortunately, it looks as though the integrity of the dam is still intact. The two barges struck the dam, which caused one of the barges to immediately sink. on Thursday, the barges were seen heading straight for the dam near Webbers Falls. However, the barges somehow broke loose from the rocks as crews tried to secure them on Thursday. They were still tied together and were stuck on a rock jetty. Initially, the Sequoyah County Sheriff’s Office confirmed on Facebook that the barges were located several miles upstream from Webbers Falls Lock and Dam 16. Officials became worried that the barges would hit the dam, which was already under strain from the flood waters. The situation became even worse when authorities learned that the flooding caused two barges on the Arkansas River to become unsecured. If you choose to stay you are doing so at your own risk,” officials wrote on Facebook. “Residents in the Town of Webbers Falls need to evacuate immediately. On Wednesday afternoon, emergency management officials in eastern Oklahoma asked residents to completely evacuate the town due to dangers associated with flooding. Two barges that broke free along the Arkansas River have struck the dam near Webbers Falls. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.
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