Wells Fargo buying spree continues

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Friday, Oct. 1, 1999 | 10:53 a.m.

THE ASSOCIATED PRESS

SAN FRANCISCO -- Wells Fargo & Co. today said it's buying Eastdil Realty, a New York-based privately held real estate advisory company. Terms of the deal -- the third this week for Wells Fargo -- were not disclosed.

Eastdil Realty specializes in public and private debt and equity real estate placements, transactional real estate advisory and corporate-owned real estate services. The company reported transaction volume of more than $13 billion in 1998.

Earlier this week, Wells said it would buy the Seattle-based brokerage Ragen MacKenzie Group Inc., as well as Escondido, Calif.-based North County Bancorp. North County is an independent commercial bank with $439 million in assets.