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Eastdil's Ben Lambert Brought Wall Street To Commercial Real Estate

by therealdeal.com posted 3weeks ago 16 views
Until the ’70s, commercial real estate brokerage was the unruly stepchild of dealmaking. Properties worth hundreds of millions of dollars were marketed off-the-cuff, research and due diligence were patchy, and the commission-dominant compensation most firms used inspired the infamous “eat what you kill” culture. Benjamin V. Lambert decided that wasn’t for him. He envisioned the business as an extension of Wall Street, with institutionalized practices backed by detailed property-level analysis and a focus on relationships The post Ben Lambert’s legacy: Eastdil founder brought Wall Street to real estate appeared first on The Real Deal New York.

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