CALIFORNIA’S REAL ESTATE BILLIONAIRES – #1 DONALD BREN – THE RICHEST REAL ESTATE DEVELOPER IN THE UNITED STATES

October 15, 2014 on 8:24 pm | In Bravo, Fascinating Information, Funny...Money, Historic Properties, Statistics, Uncategorized, Winning Properties, World | No Comments

edited by Jodi Summers

Looking at Forbes’ billionaire statistics country-by-country, you’ll be satisfied to know that the United States boasts 29 real estate billionaires > more than any other individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires. We siphoned through the top 1,000 billionaires and found seven property tycoons living in California. Over the next few months, we’ll share them all with you. We start with

#60 Donald Bren

Net Worth: $16 Billion

Chairman, Irvine Company

Age: 82

Source Of Wealth: real estate, Self Made

Residence: Newport Beach, CA

Citizenship: United States

Marital Status: Married

Children: 7

Education: Bachelor of Arts / Science, University of Washington

Donald Bren on Forbes Lists:

  • #69 Billionaires
  • #30 in United States
  • #69 in 2013
  • #27 Forbes 400

Meet Donald Bren, the wealthiest real estate developer in the U.S. If you follow him on the Forbes billionaire list, you’ll notice he continues to get richer thanks to Southern California’s rising property values. His Irvine Co. holds a vast portfolio of commercial and residential properties–including about 50,000 apartments, 40 million square feet of office space, and 8 million square feet of retail in Orange County, San Diego, Los Angeles, and Silicon Valley, plus three golf clubs and five marinas…and Chicago’s Hyatt Center and UBS Tower (of which the Irvine Co. is an investor).

Bren attended the University of Washington on a skiing scholarship, and then joined the Marines. In 1958 he built his first house with a $10,000 loan. In 1977, Bren and several partners bought Irvine Co. – founded in 1864 – for $337 million. He became the firm’s sole shareholder in 1996.

A noteworthy philanthropist, Bren has endowed 87 chairs and contributed millions of dollars to California’s universities. Bren can be attributed to the development of the University of California at Irvine’s law school and its School of Information and Computer Sciences, which bears his name, as well as at Santa Barbara where he helped establish the Donald Bren School of Environmental Science and Management. He also preserved 52,000 acres of the original 93,000-acre Irvine Ranch as permanent open space.

“My dream is that The Irvine Ranch will be known and celebrated as much for what is not developed here — the sweeping expanse of beautiful and valuable open space — as it is for the outstanding communities we have planned and built offering an unparalleled quality of life.”

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http://www.forbes.com/profile/donald-bren/

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THE LIST OF CALIFORNIA’S REAL ESTATE BILLIONAIRES

September 30, 2014 on 1:59 pm | In Bravo, Fascinating Information, Funny...Money, New Developments, Office Fodder, Uncategorized, Winning Properties | 1 Comment

by Jodi Summers

All totaled, California has 111 billionaires – more than any other state. Indeed, if the Golden State were its own country, it would be tied with Russia for third-most billionaires in the world, behind only the United States and China.

More than one-third of California’s billionaires are in tech, focused in Silicon Valley. San Francisco has 20 billionaires alone, second in U.S. cities only to New York City’s 66. Palo Alto, Calif. ranks eighth among U.S. cities with nine billionaires, and Woodside, Calif. is tied for 10th with eight. In total, California billionaires personally hold assets worth $485 billion, more than the entire GDP of all but 24 countries in the world.

There are seven billion dollar property tycoons living in California, many of them built their portfolio developing business properties. Over the next few months, we’ll share them all with you….but for now, here’s the list…

Rank Name Net Worth Age Source Country of Citizenship
#60 Donald Bren $15.8 B 82 real estate U.S.A.
#328 John A. Sobrato & family $4.8 B 75 real estate U.S.A.
#443 Edward Roski Jr $3.8 B 75 real estate U.S.A.
#755 George Argyros $2.4 B 77 real estate, investments U.S.A.
#820 Richard Peery $2.2 B 75 real estate U.S.A.
#960 John Arrillaga $1.9 B 76 real estate U.S.A.
#996 Donald Sterling $1.9 B 78 real estate U.S.A.

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http://www.forbes.com/billionaires/list/3/#tab:overall_industry:Real%20Estate

http://www.forbes.com/billionaires/list/#tab:overall

http://www.forbes.com/sites/erincarlyle/2014/03/04/meet-the-20-richest-real-estate-billionaires-on-the-forbes-billionaires-list/

http://lovesiliconbeach.wordpress.com/2014/12/08/who-are-californias-real-estate-billionaires/

http://www.forbes.com/billionaires/list/2/#tab:overall_industry:Real%20Estate

http://www.forbes.com/sites/danalexander/2014/03/07/california-leads-all-states-and-all-but-2-countries-with-111-billionaires/

http://www.socalofficerealestateblog.com/?p=2609

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FORBES LIST OF BILLIONAIRES – THE RICHEST PEOPLE ON THE PLANET 2014

August 29, 2014 on 6:14 pm | In Bravo, Fascinating Information, Funny...Money, Uncategorized, World | 1 Comment

moneybagsEdited by Jodi Summers

These days it seems like becoming a billionaire isn’t as difficult as it used to be. Forbes billionaires list 2014 features 268 newcomers, resulting in a record 1,645 billionaires on earth with an aggregate net worth of $6.4 trillion.

Forbes tallies that roughly two-thirds of the billionaires built their own fortunes, 13% inherited them and 21% have been adding on to fortunes they received.

Thanks to the tech boom, and strong stock market, the U.S. once again leads the world with 492 billionaires, followed by China with 152 and Russia with 111. Algeria, Lithuania, Tanzania and Uganda all debut on the list, and fir the first time an African – Aliko Dangote – of Nigeria, has broken into the top 25. Turkey lost 19 billionaires due to soaring inflation, a sagging stock market and a declining value in its currency. Indonesia, whose currency tumbled 20% Forbes-billionaires - Carlos Slim Heluagainst the dollar, now has 8 fewer ten-figure fortunes. Altogether 100 people dropped out of the ranks, while another 16 passed away.

Facebook’s Mark Zuckerberg is the year’s biggest gainer. His fortune more than doubled growing from $15.2 billion, to $28.5 billion, as shares of his social network soared. New Facebook billionaires include the company’s COO, Sheryl Sandberg, and longtime vice president Jeff Rothschild. Also, thanks to a $19 billion deal (including restricted stock) with Facebook, WhatsApp founders Jan Koum and Brian Acton join the ranks of Silicon Valley’s wealthiest for the first time. In total, 26 newcomers to the list made their fortunes come from technology, 10 of whom are American, including Dropbox CEO Drew Houston and Workday cofounder Aneel Bhusri. Other notable newcomers include World Wrestling Entertainment CEO Vince McMahon, fashion king Michael Kors and Denise Coates of UK online betting firm Bet365.

Here is Forbes 2014 list of the 60 richest people in the world.

Rank Name Net Worth Age Source Country of Citizenship
#1 Carlos Slim Helu & family $82.8 B 74 telecom Mexico
#2 Bill Gates $80.9 B 58 Microsoft U.S.A.
#3 Warren Buffett $67.3 B 83 Berkshire Hathaway U.S.A.
#4 Amancio Ortega $62.2 B 78 retail Spain
#5 Larry Ellison $51.4 B 70 Oracle U.S.A.
#6 Charles Koch $41.9 B 78 diversified U.S.A.
#6 David Koch $41.9 B 74 diversified U.S.A.
#8 Christy Walton & family $37.6 B 59 Wal-Mart U.S.A.
#9 Liliane Bettencourt & family $37 B 91 L’Oreal France
#10 Jim Walton $35.2 B 66 Wal-Mart U.S.A.
#11
  1. Robson Walton
$34.8 B 70 Wal-Mart U.S.A.
#12 Alice Walton $34.8 B 64 Wal-Mart U.S.A.
#13 Li Ka-shing $34.2 B 86 diversified Hong Kong
#14 Sheldon Adelson $33.2 B 81 casinos U.S.A.
#15 Mark Zuckerberg $33 B 30 Facebook U.S.A.
#16 Michael Bloomberg $32.9 B 72 Bloomberg LP U.S.A.
#17 Stefan Persson $32.7 B 66 H&M Sweden
#18 Bernard Arnault & family $31.9 B 65 LVMH France
#19 Larry Page $31.3 B 41 Google U.S.A.
#20 Jeff Bezos $31.2 B 50 Amazon.com U.S.A.
#21 Sergey Brin $31.1 B 41 Google U.S.A.
#22 Michele Ferrero & family $27 B 89 chocolates Italy
#23 Carl Icahn $26.4 B 78 investments U.S.A.
#24 David Thomson & family $24.5 B 57 media Canada
#25 Aliko Dangote $24.4 B 57 cement, sugar, flour Nigeria
#26 Mukesh Ambani $23.2 B 57 petrochemicals, oil & gas India
#27 George Soros $23 B 84 hedge funds U.S.A.
#28 Jorge Paulo Lemann $22.6 B 75 beer Brazil
#29 Lee Shau Kee $22.4 B 86 diversified Hong Kong
#30 Prince Alwaleed Bin Talal Alsaud $22 B 59 investments Saudi Arabia
#31 Steve Ballmer $22 B 58 Microsoft U.S.A.
#32 Len Blavatnik $21.6 B 57 diversified U.S.A.
#33 Dieter Schwarz $21.1 B 74 retail Germany
#34 Harold Hamm $21 B 68 oil & gas U.S.A.
#35 Forrest Mars Jr $20.4 B 83 candy U.S.A.
#35 Jacqueline Mars $20.4 B 74 candy U.S.A.
#35 John Mars $20.4 B 78 candy U.S.A.
#38 Leonardo Del Vecchio $19.4 B 79 eyeglasses Italy
#39 Phil Knight $19.2 B 76 Nike U.S.A.
#40 Dilip Shanghvi $19.1 B 58 pharmaceuticals India
#41 Michael Dell $19.1 B 49 Dell U.S.A.
#42 Alisher Usmanov $19 B 60 steel & mining, telecom, investments Russia
#43 Theo Albrecht Jr & family $18.5 B 63 Aldi, Trader Joe’s Germany
#44 Michael Otto & family $18.4 B 71 retail, real estate Germany
#45 Abigail Johnson $18.1 B 52 money management U.S.A.
#46 Gina Rinehart $17.8 B 60 mining Australia
#47 Lui Che Woo $17.8 B 84 casinos Hong Kong
#48 Masayoshi Son $17.7 B 57 internet, telecom Japan
#49 Mikhail Fridman $17.2 B 50 oil, banking, telecom Russia
#50 Susanne Klatten $17.2 B 52 BMW, pharmaceuticals Germany
#51 Charles Ergen $16.9 B 61 Dish Network U.S.A.
#52 Luis Carlos Sarmiento $16.8 B 81 banking Colombia
#53 Viktor Vekselberg $16.7 B 57 metals, energy Russia
#54 Laurene Powell Jobs & family $16.6 B 50 Apple, Disney U.S.A.
#55 Paul Allen $16.3 B 61 Microsoft, investments U.S.A.
#56 Azim Premji $16.2 B 69 software India
#57 Anne Cox Chambers $16.2 B 94 media U.S.A.
#58 German Larrea Mota Velasco & family $16.1 B 60 mining Mexico
#59 Joseph Safra $16 B 75 banking Brazil
#60 Donald Bren $15.8 B 82 real estate U.S.A.

 

Get the full list @ http://www.forbes.com/billionaires/list/

Charlie Chaplin billionaire quote

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http://www.forbes.com/sites/luisakroll/2014/03/03/inside-the-2014-forbes-billionaires-list-facts-and-figures/

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7 BENEFITS OF OPENING UP A LOS ANGELES OFFICE

August 15, 2014 on 6:51 pm | In Market Snapshot, Office Fodder, Trends, Uncategorized, Winning Properties, World | No Comments

Guest Post by by Jonny Lis

If you’re thinking about setting up a business in the US, there is no better city to choose than Los Angeles. Known worldwide for the streets of Hollywood, this urban metropolis is an excellent place to rent an office and work your way to corporate success. Those who make the move and establish themselves in this West Coast paradise will find the following benefits awaiting them and their colleagues once they arrive.

  1. You’re located in an international hub. The great city of Los Angeles is connected to countries all over the globe with flights heading to just about every important capital. This means you will be at the centre of whatever industry you’re in by establishing an office in this Californian metropolis. You’ll have easy access to overseas markets, manufacturers and retailers who can fly goods and services directly to your door. This will make running a global business in a successful manner so much easier and far more affordable.
  2. LA is the creative capital of the world. Although this is known primarily for Hollywood, it also has a thriving music, art and video games community. In fact, Los Angeles is often referred to as the Creative Capital of the World thanks to its widespread artistic population. If you want to be at the heart of all this innovation and progress, there is no better option than starting a business here! You will have easy access to some of the brightest minds in the country and potentially tap into their ideas and talent.
  3. It is the largest manufacturing base in the US. Despite the recession and recent job losses, Los Angeles still remains the largest manufacturing hub within America. Thus, the LA business owner will be situated close to some of the top factories in the country, cutting down on transport costs and allowing them to produce whatever products and parts they want to within a close vicinity. Since any business relies on speed and low costs, LA is certainly a smart manufacturing choice.
  4. Real estate options are incredibly diverse. Since this is one of America’s prime commercial centres, new business owners will find a staggering array of properties. From shared workspaces to full-blown factories, you can easily find the ideal place to run your business. In addition, renting Los Angeles office space in a modern business centre will also put you within close proximity to some of the country’s largest finance districts, ports, industrial areas and airports. For sheer flexibility, no other city provides as many opportunities for the American business owner.
  5. California is the most liberal state in America. The US is certainly a diverse country with different ideals and perspectives from state to state. If you want to work in a truly liberal area though, then California is one of the freest thinking states in the US. For business owners who think outside the box, this can be an excellent place to inspire innovation and progress in your company.
  6. The weather is a real business motivator. Anyone working in the far north of America knows how difficult it can be to run a company once the snows arrive. The good news is that there is an easy way to escape these issues: relocating to the much warmer climes of the Los Angeles City area! Not only can you enjoy moderate temperatures during the winter but the summertime here is absolutely spectacular. There is no better place to run a business in the US for those seeking a temperate, sunny environment.
  7. Crime rates are on the decrease. One aspect of Los Angeles that may not seem too appealing is its crime. Known around the country for frequent gang violence, this may be the one factor that is making you wary. You needn’t worry though as increased law enforcement has now resulted in very real improvements. The city of LA currently has the lowest crime rates of any city over 2 million people in the US. This means there are far worse areas within America that you could consider moving your company to.

Hopefully this has convinced you to make the first moves to starting your own Los Angeles business. Within this competitive, motivating environment, hopefully you’ll shoot forward towards success. If you do so, the good news is that you will now be living and working in one of America’s best cities. Reaching your commercial goals doesn’t mean sacrificing those personal freedoms after all, especially if you rent an office in the great city of Los Angeles!


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SOCAL OFFICE REAL ESTATE SNAPSHOT – AUGUST 2014 – ABSOLUTELY FABULOUS

July 30, 2014 on 8:30 am | In Bravo, Fascinating Information, Investment Opportunities, Market Snapshot, Office Fodder, Trends, Uncategorized | No Comments

by Jodi Summers

Bravo! 2014 is the year that Los Angeles area office vacancy rates drop below the 15% threshold for the first time since the Great Recession. This is absolutely fabulous because the Los Angeles office real estate market has been in neutral for the previous four years. All the experts are predicting better days for the Los Angeles office real estate market…

◆ Employment Forecast: In Los Angeles County, the unemployment rate fell to 8.1% in June, down from 8.2% in May and from the year ago rate of 10.0%. According to the Employment Development Department, in June, Los Angeles County added 4,800 jobs. In 2014 L.A. County has created 88,800 jobs – an increase of 2.2%. Office-using employment will grow 2.6% as 26,000 positions are generated.

Long term prospects are also healthy. The most recent Allen Matkins/UCLA Anderson Forecast Survey concludes that goods movement through California’s ports has resulted in real estate developers continuing to be broadly optimistic on the outlook through 2017.

◆ Vacancy Forecast: According to Marcus and Millichap, nearly 5 million square feet will be absorbed in 2014. Thanks to minimal construction, vacancy rates will drop to 14.2%.

◆ Rent Forecast: After a 3.9% rise in 2013, average full-service rents will climb another 3.9% in 2014 to $30.86 per square foot.

◆ Construction Forecast: This year construction will be minimal – 550,000 square feet of office space will come online in 2014, down from 1.2 million sq.ft. in 2013. Of the new office space, some large office renovations are fully leased prior to coming online.

◆ 2014 Los Angeles National Office Market Rank: 5, Up 3 Places. Strong rent gains and high absolute job growth supported Los Angeles’ three-place rise in the ranking.

◆ Investment Forecast: The potential for rising interest rates and an increase in loans coming due should strengthen the office market. Top-tier properties in West Los Angeles – which have nearly recovered from the recession – will remain among the most attractive targets this year.

In the owner/user market, local buyers will target well-located properties on a price-per-square-foot basis. Investors looking for value will think about the San Fernando Valley and Downtown. Average cap rates for Class A properties range from 6% near the coast to above 7% in secondary areas.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

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http://www.marcusmillichap.com/research/researchreports/reports/2014/03/16/los-angeles-office-research-report

http://www.anderson.ucla.edu/centers/ucla-anderson-forecast/projects-and-partnerships/allen-matkins/summerfall-2014-survey

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EFFECTIVE OFFICE SPACES

July 15, 2014 on 9:27 pm | In Bravo, Fascinating Information, Green, Office Fodder, Solutions, Trends, Uncategorized, Winning Properties | 3 Comments

by Jodi Summers

Office space has changed drastically in the past decade. Gone are cubicles and forced air. What’s hot are bright and breezy multiuse open spaces which use less square footage than their predecessors. Allow us to share with you some cutting edge concepts in office design.

Google’s stimulating new workspace in Tel Aviv. Google creates environments to allow creative ideas to easily flow.

 

 

 

 

 

 

 

 

92% of young professionals interviewed said they would be more inclined to work for an environmentally-friendly company.

 

 

 

 

 

 

Office space abundant in light with inspiring design.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three complementary design firms have joined together to share a loft office space.

 

 

 

Shared office or executive office suites.

 

 

 

The office barns the workspace is completely open, without partitions and without hierarchy. Desks and local storage are mobile and a system of power distribution drops power and network down to the desks from over head. It’s unlike any corporate office space that came before it and in fact has many of the characteristics of smaller businesses.

 

 

 

 

 

 

 

Open office space circa 1923

 

 

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http://www.freeenterprise.com/entrepreneur/attract-gen-y-employees-great-office-space

http://www.visualnews.com/tag/office-space/

http://www.socalofficerealestateblog.com/?p=2439

http://www.workalicious.org/2008_08_01_archive.html

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