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Larry B. Faigin


1943 - 2015 Obituary Condolences
Larry B. Faigin Obituary

November 10, 1943 - November 29, 2015 Lawrence (Larry) Bernard Faigin passed away suddenly on November 29, 2015 at his San Diego, California home. He had been a long time resident of Los Angeles and had recently moved to San Diego. Born November 10, 1943 in Cleveland, Ohio, Larry went to Cleveland Heights High School where he learned to play the French horn. He attended undergraduate and law school at Case Western University. As a member of the Alpha Epsilon Pi, he became the fraternity president and worked actively as a field secretary. He practiced law in New York, Georgia and California. Larry started his legal career moving from Cleveland to New York to work at the law firm of Willkie Farr & Gallagher. From there he moved to Atlanta where he was employed by the law firm of Alston Miller & Gaines. While there, he was recruited as General Counsel to work for Shappell Industries in Los Angeles. Shappell became one of the nation's largest home builders. After a number of years at Shappell, he was recruited by Wood Brothers in Denver. They were a large residential building developer in need of someone who understood their industry to support the liquidation of their assets. He had a reputation for helping troubled family- based companies to deal with asset liquidation. This reputation lead him to also assist the Gino Parlucci family company to liquidate their holdings in the food business. Returning to Los Angeles, Larry went into his own business and worked with a number of companies to help with financing and liquidating. At that time he was recruited by a branch of the Federal Government to liquidate the holdings of a failed Savings and Loan institution in San Diego. As an independent land developer, he and his business partner bought land in Redwood City, California, and successfully developed and sold a large residential condominium complex. With his background firmly established in finance and the property development industry, he established a company called GreenPark. It was formed as a subsidiary with prominent New York investment bankers, Warburg Pincus. The company bought brownfield land throughout the U.S. to remediate the land and turning it into clean land for sale for development purposes. For something new and different, Larry and two partners established China Housing Partners in Beijing, China to develop residential housing for local Chinese using North American styles and standards. His final career move was to take over as Chairman and CEO of Beverly Hills Bancorp. He had been a board member at the bank for a number of years prior to his taking over as the head of the institution. Throughout his career, Larry served on a number of Boards including the Los Angeles Opera. He remained a loyal and proud donor to his alma mater, Case Western University. He will be remembered for his sense of humor and countless stories of his adventures. Larry loved entertaining friends, fine food and wine, music, his dogs and trips to Italy. Larry is survived by his sister, Deanne Kossiver and nieces Amy and Lisa Kossiver and his beloved dogs-Clara and Charles. A private farewell luncheon will be held at Larry's favorite Los Angeles restaurant, Marino's, on January 8, 2016.
Published in the Los Angeles Times from Dec. 30, 2015 to Jan. 3, 2016
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