CALIFORNIA’S REAL ESTATE BILLIONAIRES – RICHARD PEERY AND SILICON VALLEY

November 30, 2014 on 10:04 pm | In Bravo, Fascinating Information, Funny...Money, New Developments, Office Fodder, Statistics, Uncategorized, Winning Properties | 1 Comment

#824 Richard Peery

Net Worth: $2.2 Billion

Age: 75

Source Of Wealth: real estate, Self Made

Residence: Palo Alto, CA

Citizenship: United States

Marital Status: Married

Children: 4

Education: Bachelor of Arts / Science, Brigham Young University

Richard Peery on Forbes Lists:

  • #796 Billionaires
  • #277 in United States
  • #736 in 2013
  • #260 Forbes 400

Back in the 1960s, Silicon Valley real estate developer Richard “Dick” Peery worked with business partner John Arrillaga to turn orange groves into office parks for the booming tech industry.

In 2006 the partners sold a vast swath of buildings for $1.1 billion but held onto a portion.

A Google lease 15 of Peery Arrillaga’s buildings and the duo is reportedly constructing a building that LinkedIn will lease.

Peery’s son Dave runs the family foundation, which supports social entrepreneurs and organizations addressing poverty in the SF bay area and around the world. The family is also contributing to several education and child-related initiatives such as the Palo Alto High School athletic facility and the Palo Alto Junior Museum and Zoo.

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http://www.forbes.com/profile/richard-peery/

http://www.peeryfoundation.org/foundation

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http://www.peeryfoundation.org/

 

CALIFORNIA’S REAL ESTATE BILLIONAIRES – GEORGE ARGYROS – REAL ESTATE, SPORTS AND DIPLOMACY

November 20, 2014 on 9:50 pm | In Bravo, Fascinating Information, Funny...Money, Uncategorized, Winning Properties | 1 Comment

#759 George Argyros

Net Worth: $2.4 Billion

Chairman and CEO, Arnel & Affiliates

Age: 77

Source Of Wealth: real estate, investments, Self Made

Residence: Newport Beach, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, Chapman University

George Argyros on Forbes Lists:

  • #731 Billionaires
  • #258 in United States
  • #736 in 2013
  • #260 Forbes 400

George Leon Argyros made his fortune in real estate investments as chairman and CEO of Arnel & Affiliates, which manages about 5,500 apartments and more than two million square feet of commercial space in San Diego, Los Angeles and Orange County. He started his business career running a grocery store and moved on to buying and selling real estate to gas stations.

His illustrious career includes owning the Seattle Mariners baseball team from 1981 to 1989. As well as a stint as Ambassador to Spain and Andorra under President George W. Bush.

Argyros has been on the board of directors of many corporations, and is a founding partner of private equity firm Westar Capital and a board member at software development company DST Systems.

His Argyros Foundation gives to various causes in Southern California, including the South Coast Repertory, the Eisenhower Medical Center Foundation and Argyros’ alma mater, Chapman University. In 2011, he and his wife gave $5 million to University of California, Irvine’s Gavin Herbert Eye Institute.

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http://www.forbes.com/profile/george-argyros/

http://en.wikipedia.org/wiki/George_Argyros

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CALIFORNIA’S REAL ESTATE BILLIONAIRES – EDWARD ROSKI, JR. BUILT THE STAPLES CENTER

November 10, 2014 on 9:14 pm | In Bravo, Fascinating Information, Funny...Money, New Developments, Statistics, Uncategorized, Winning Properties | 2 Comments

#445 Edward Roski, Jr.

Net Worth: $3.8 Billion

President and Chairman, Majestic Realty, Co.

Age: 75

Source Of Wealth: real estate

Residence: Los Angeles, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, University of Southern California

Edward Roski, Jr. on Forbes Lists:

  • #466 Billionaires
  • #159 in United States
  • #363 in 2013
  • #143 Forbes 400

ERoski_cropped-251x341 You may think of Edward Roski Jr. was pivotal in the construction of the Staples Center in downtown Los Angeles, and one of the key figures attempting to bring football back to L.A., but he is so much more than that. Roski oversees Majestic Realty, the commercial and industrial real estate company his father founded in 1948. Majestic Realty owns more than 70 million square feet of real estate, most of which is industrial buildings in Southern California, but the complete portfolio spans from Los Angeles to Atlanta.

Majestic is completely family-owned. Roski helped build Staples Center in 1998 with local mogul Phil Anschutz.

A University of Southern California alumnus, he and his wife pledged $23 million to his alma mater’s fine arts school in 2006 and he currently serves as chairman of the USC board of trustees. Roski is an avid cyclist and mountain climber and has climbed to base camp at Mt. Everest, K2 and Mt. Kilimanjaro.

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http://www.forbes.com/profile/edward-roski-jr/

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CALIFORNIA’S REAL ESTATE BILLIONAIRES – JOHN SOBRATO & FAMILY BUILD FOR TECH

November 1, 2014 on 9:02 pm | In Bravo, Funny...Money, Uncategorized, Winning Properties | 2 Comments

#331 John A. Sobrato & family

Net Worth: $4.8 Billion

Founder and Chairman, Sobrato Development Cos.

Age: 75

Source Of Wealth: real estate, Self Made

Residence: Atherton, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, Santa Clara University

John A. Sobrato & family on Forbes Lists:

  • #328 Billionaires
  • #110 in United States
  • #346 in 2013
  • #110 Forbes 400

Since releasing control of their family-owned Sobrato Development Cos., John A. Sobrato and son, John M. Sobrato Father and son are now following the example set by the likes of Bill Gates, Warren Buffet t and Donald Bren, focusing on the family’s philanthropic work through their Sobrato Family Foundation.

When they stepped down from day-to-day operations at their Silicon Valley family real estate firm and handed the reins to real estate veteran Rob Hollister, it was the first time in the company’s 35-year history a nonfamily member was chosen to run the Sobrato Organization’s vast holdings.

The Sobrato Organization was founded by the elder Sobrato in 1978 and currently owns about 7.5 million square feet of commercial office space and 30 apartment communities with 6,700 units along the west coast. Commercial tenants include Apple, Yahoo and Netflix.

John A. Sobrato began his real estate career in 1957, selling homes in Palo Alto while going to school at Santa Clara University. He built up a commercial real estate empire in the 1960s and 1970s with fellow Silicon Valley builder and former Forbes 400 member, Carl Berg.

Since 1996, Sobrato, through his foundation, has donated more than $230 million in real estate and cash to local communities. He and his wife made a $5 million donation to the Santa Clara Valley Medical Center. The couple has signed on to Warren Buffett and Bill Gates’ Giving Pledge.

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http://www.forbes.com/profile/john-a-sobrato/

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 | 2 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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http://www.socalmultiunitrealestateblog.com/?p=2734

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