Larry Weinberg, American real estate developer and sports team owner, Died at 92

Larry Weinberg was born on January 23, 1926, and died on January 1, 2019.

He was an American real estate developer who was one of the founders of the NBA’s Portland Trail Blazers.

Born to a Jewish family in New York City, he served in the US 6th Army Group as an infantryman during World War II.

Larry was severely wounded in combat in France and spent over a year recovering in a US military hospital.

Larry attended Cornell University, the University of Arizona, and the University of California at Los Angeles.

In 1948, he founded the Larwin Company serving as its CEO until he retired.

By the late 1960s, he Company wound up one of the biggest exclusive lodging organizations in the United States until combining it into CNA Financial Corporation where it ended up one of the three biggest lodging makers with yearly improvement of 8,000 private units.

Larry went on to serve as a Member of the Executive Committee and the Board of Directors of CNA from 1969 to 1980.

In 1950, he founded Com-Air Products, Inc.

which designed, manufactured, and assembled the hydraulics, pneumatics and fuel assemblies used in jet engines and aircraft.

In 1970, he Herman Sarkowsky, and Robert Schmertz paid $3.7 million to secure an NBA expansion team for Portland.

He became president of the Trail Blazers in 1975, replacing Sarkowsky, who turned his attention to the NFL’s Seattle Seahawks.

Two years later, the Trail Blazers won an NBA championship.

He served as team president until 1988, when he sold the team to Paul Allen.

The Trail Blazers honored he in 1992 by retiring a #1 jersey with his name.

Five players have since received permission from he to wear Rod Strickland, Derek Anderson, Jarrett Jack, Armon Johnson and Ike Diogu.

In addition to his work in basketball and real estate, he has served as president of the American Israel Public Affairs Committee.

Larry was awarded the Brotherhood Award of the National Conference of Christians and Jews.

He wife Barbi was a founder of The Washington Institute for Near East Policy,

He passed away at 92 years old.