Chairman and CFO, NSB Associates Inc.
Lawrence Field’s career is highlighted by the acquisition and development of more than $1 billion worth of real estate and an unbroken string of successes for his investors. Now, after half a century as an entrepreneur, Mr. Field is devoting an increasing amount of his time, attention, and resources to his longtime involvements in philanthropy, education, and civic affairs.
“Like many young people in our country today, I was the son of poor immigrants who struggled to give me an education,” Mr. Field says. “I am an example of what can be achieved in America regardless of your origins, and I want to help the next generation of entrepreneurs understand that they too are limited only by their ambition and hard work.”
A decade ago he established the Lawrence N. Field Center for Entrepreneurship at Baruch College in New York, his alma mater, with a $10 million gift. Later he gave an additional $5 million to establish two chairs in entrepreneurship.
The Lawrence N. Field Programs in Entrepreneurship has over 500 undergraduate and graduate students majoring in business. The Lawrence N. Field Center for Entrepreneurship and its associated Small Business Development Center has assisted over 14,000 small business clients to secure more than $116 million in financing and create 3,273 jobs and save 2,230 more.
Mr. Field, his wife Eris, and their family also donated $10 million to Baruch College, to support the renovation and modernization of the school’s 17 Lexington Avenue building, which was renamed the Lawrence and Eris Field Building.
His other involvements include the Cedars-Sinai Medical Center, where he is a member of the Executive Committee and donated a major gift for research into diabetes and memory disorders; The Los Angeles Music Center; The Los Angeles Philharmonic Association; the Jewish Federation Council; Ben-Gurion University; the Los Angeles County Museum of Art; and many others, detailed below.
The founder and principal of NSB Associates, Mr. Field has nearly five decades of experience in the real estate development and investment business, beginning in New York and, for the last 40 years, in Southern California. He has been involved in the acquisition and development of more than $1 billion of real estate in Southern California for his own account in the name of Southland Investment Company, The Richlar Partnership, and NSB Associates.
He began his career shortly after graduating from Baruch College, as the principal of a real estate brokerage company in New York City. One of his early successes was, at a time when apartments were a glut on the market, renting hundreds of units to the Japanese government to house workers at the Japanese Pavilion during the New York World’s Fair.
In 1965 Mr. Field relocated to Los Angeles, managing property there for, among others, Harry Helmsley and Loews Corporation, and soon had more than 30 commercial buildings under his management.
In 1968 he gave up fee management to develop properties with Southland Investment Company and, in 1976, he co-founded The Richlar Partnership. While with Southland and Richlar, he developed over one million square feet of commercial and industrial property in West Los Angeles, and more than 800 single-family homes in Ventura and San Bernardino counties.
He formed NSB in 1983. (The company’s name derives from Mr. Field’s catch phrase, “Not So Bad,” which is his unwavering response whenever friends ask how he and his firm are doing.) NSB develops, invests in, and manages Class A commercial properties in Southern California. The firm’s portfolio includes over 2.5 million square feet of commercial space on more than 4 million square feet of land. Mr. Field has a philosophy of not selling his core properties and is the sole or majority owner of all the assets.
Mr. Field’s real estate-related activities include serving as a Founding Director of the California Housing Council and the Business Property Council; and a member of the Urban Land Institute, and the International Council of Shopping Centers.
He holds a Bachelor’s (B.B.A.) from The Baruch College of the City of New York and a Juris Doctor (J.D.) from New York Law School. He received a Doctorate in Commercial Science, honoris causa, from Baruch College in 2004.
Mr. Field has two daughters, Lisa Field and Robyn Field O’Carroll, who is married to Anthony O’Carroll, an attorney and real estate developer. Lisa is a graduate of Brandeis University and operates a highly successful catering business. Robyn is a graduate of Vassar College and the Architectural Association of London, and was an associate professor of architectural history at UCLA.