[2] In 1973, Belzberg and his brothers sold Western Realty and purchased Far West Financial Corp of California, marking their entrance into the United States.
[2] First City was involved in many large investment transactions including Bache Securities before it was sold to Prudential, Gulf Oil, Armstrong World (a large building supply company)[citation needed] and Scovill (a manufacturing company which included Yale Locks, Hamilton Beach, NuTone) which they purchased in 1985 for $523 million.
[2] During the 1990s, Belzberg founded Balfour Holdings Ltd., a real estate company which, at its peak, operated over 26 projects spreading through the United States.
During the 1990s, Mr. Belzberg was an active acquirer of distressed property in Alberta where values had dramatically declined due to the softness in the oil industry.
Belzberg died on March 30, 2018, in Vancouver, and is survived by his wife of 68 years, Frances (née Cooper), and four children: Marc, Lisa, Wendy, and Cheri.