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Eastdil Acquires Secured Capital

LOS ANGELES-The New York-based investment banking subsidiary of Wells Fargo acquires the privately held, locally based real estate investment banking firm. The new entity will be called Eastdil Secured.

By Bob Howard | Updated on November 02, 2005

LOS ANGELES-Eastdil Realty LLC, the New York-based investment banking subsidiary of Wells Fargo, has acquired the privately held, locally based real estate investment banking firm Secured Capital. The new entity will be called Eastdil Secured. Terms of the deal were undisclosed, with the acquisition expected to close early in the first quarter of 2006, subject to customary regulatory approvals.

Secured, known for executing some of the largest deals in the market, is active in the western US in commercial mortgage loan sales, in investment bankingnationwide and in raising private equity through its broker dealer, SecuredCapital LLC. The latter will also be acquired by Wells Fargo.

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