THE WORLD’S MOST SUCCESSFUL REAL ESTATE BILLIONAIRES

September 15, 2014 on 11:41 am | In Bravo, Fascinating Information, Funny...Money, Lights Camera Transaction, Market Snapshot, New Developments, Winning Properties, World | No Comments

Edited by Jodi Summersreal-estate-billionaire

Meet the world’s real estate billionaires. As this writing, there were 135 real estate billionaires on the planet – 15 more than last year – according to the 2014 Forbes Billionaires List.

The top 20 real estate moguls are predominantly men settled Asian-Pacific nations – 12 men and 2 women. Seven are from Hong Kong, four from China, two from Singapore, and one from Australia. Three men each from the U.S. and the U.K. round out the covey. The highest ranking Global-Performance-Aggregate-change-in-global-house-prices-Q1 2014woman is Beijing’ Chan Laiwa & family who comes in at 12, followed by countrywoman Yang Huiyan. Remarkably, three of the 20 richest people in real estate are brothers.

A look at the numbers helps explain where all this wealth is coming from. According to Knight Frank’s Global House Price Index, which tracks prices in 53 countries, more than 30 countries saw positive growth. Dubai, China, and Hong Kong had greatest annual rise in home prices, up 28.5%, 21.6% and 16.1% respectively. Given the numbers, it’s not surprising that Asian-Pacific countries are leading the world in terms of property fortunes, with 72 billionaires counting real estate as a major part of their fortunes.

Worldwide, as of Q3 2013, residential property was up 4% from its 2008 peak – and 12.7% higher from the abyss of the global financial crisis. Commercial properties are also faring better. Global office rents up by 3% overall in 2013 according to Cushman & Wakefield research, though the figures vary widely by country.

Country-by-country, the U.S. boasts 29 real estate billionaires, the greatest number of any individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires. As of this writing, the richest real estate tycoon on the Forbes Billionaires list is Lee Shau KeeHong Kong’s Lee Shau Kee, ranking No. 29 on the master list, with an estimated fortune of $22.4 billion. His Henderson Land Development has a stake in Hong Kong’s International Financial Center, and numerous projects on the mainland, including a waterfront area in Shanghai. Although still the wealthiest real estate billionaire, the Henderson head saw his fortune drop by $132.8 M | -0.6% in past year as the city’s real estate sector softened after a hike in property taxes.

The second-richest real estate billionaire is Donald Bren, an American from California. With a net worth of $15.8 billion, Bren’s fortune continues to grow thanks to rising estate prices in California, where he holds the majority of his vast portfolio. Bren’s Irvine Co. owns about Donald Bren50,000 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, not to mention three golf clubs and five marinas. A noted philanthropist, Bren preserved half of the original 93,000-acre Irvine Ranch as permanent open space.

We’ll get into the California real estate billionaires in our next segment.

China’s wealthiest person, Wang Jianlin, is the third-richest person in real estate (No. 61 with a net worth of $15.8 billion). He owns 75 department stores, 85 shopping plazas, 51 five star hotels, and the United States’ AMC theater chain, which he purchased in 2012 and listed on the New York Wang JianlinStock Exchange in December. Wang is a man from humble beginnings. He entered the military and parlayed the government game to become chairman of China’s largest commercial real estate developer, Dalian Wanda Group.

Remarkably, three of the 20 richest people in real estate are brothers: Hongkongers Thomas, Raymond, and Walter Kwok. Their father, Sun Hung Kai Properties founded Kwok Tak-seng, was an early business partner of Lee Shau Kee, real estate’s richest person.

Here’s the list of real estate billionaires culled from Forbes 1,000 richest people.

 

Rank Name Net Worth Age Source Country of Citizenship
#29 Lee Shau Kee $22.4 B 86 diversified Hong Kong
#60 Donald Bren $15.8 B 82 real estate U.S.A.
#61 Wang Jianlin $15.8 B 59 real estate China
#73 Thomas & Raymond Kwok & family $14.9 B - real estate Hong Kong
#75 Cheng Yu-tung $14.5 B 89 diversified Hong Kong
#90 Robert & Philip Ng $12.8 B - real estate Singapore
#91 Gerald Cavendish Grosvenor & family $12.8 B 62 real estate United Kingdom
#108 David & Simon Reuben $11.3 B 71 investments, real estate United Kingdom
#145 Joseph Lau $9 B 63 real estate Hong Kong
#159 Peter Woo & family $8.4 B 68 real estate Hong Kong
#210 Charles Cadogan & family $6.9 B 77 real estate United Kingdom
#213 Chan Laiwa & family $6.7 B 73 real estate China
#217 Richard LeFrak & family $6.6 B 69 real estate U.S.A.
#229 Harry Triguboff $6.3 B 81 property Australia
#237 Hui Ka Yan $6.2 B 55 real estate China
#242 Walter Kwok $6.1 B 63 real estate Hong Kong
#254 Lin Yu-lin $6 B 78 real estate Taiwan
#256 Kwee brothers $5.9 B 69 real estate Singapore
#267 Stephen Ross $5.6 B 74 real estate U.S.A.
#271 Hui Wing Mau $5.6 B 64 real estate Hong Kong
#276 Yang Huiyan $5.5 B 32 real estate China
#306 Sam Zell $5.1 B 72 real estate, private equity U.S.A.
#328 John A. Sobrato & family $4.8 B 75 real estate U.S.A.
#346 Majid Al Futtaim $4.6 B - real estate, retail United Arab Emirates
#356 Leonard Stern $4.5 B 76 real estate U.S.A.
#359 Lin Rong San $4.4 B 75 real estate Taiwan
#360 Frank Lowy $4.4 B 83 shopping malls Australia
#361 Ted Lerner $4.4 B 88 real estate U.S.A.
#383 Donald Trump $4.1 B 68 Television, Real Estate U.S.A.
#390 Akira Mori & family $4 B 78 real estate Japan
#403 Kushal Pal Singh $4 B 83 real estate India
#443 Edward Roski Jr $3.8 B 75 real estate U.S.A.
#463 Sheldon Solow $3.6 B 86 real estate U.S.A.
#465 Ian & Richard Livingstone $3.6 B - real estate United Kingdom
#468 John Gandel $3.6 B 80 shopping malls Australia
#473 Jerry Speyer $3.6 B 74 real estate U.S.A.
#492 Fredrik Lundberg $3.4 B 63 real estate, investments Sweden
#502 Wu Yajun & family $3.4 B 50 real estate China
#517 Francis Choi $3.3 B 66 real estate Hong Kong
#534 Igor Olenicoff $3.2 B 71 real estate U.S.A.
#542 God Nisanov $3.2 B 42 real estate Russia
#542 Zarakh Iliev $3.2 B 47 real estate Russia
#562 Huang Rulun $3.1 B 62 real estate China
#578 Yitzhak Tshuva $3.1 B 66 real estate Israel
#591 Edward DeBartolo Jr $3 B 67 shopping centers U.S.A.
#595 Alfred Taubman $3 B 90 real estate U.S.A.
#602 Samuel Tak Lee $3 B 75 real estate Hong Kong
#621 Eddie & Sol Zakay $2.9 B 63 real estate United Kingdom
#626 Alexandra Schorghuber $2.9 B 56 real estate Germany
#661 Ty Warner $2.7 B 69 real estate, plush toys U.S.A.
#669 Tong Jinquan $2.7 B 59 real estate China
#670 Jeff Sutton $2.7 B 54 real estate U.S.A.
#692 Jeff Greene $2.6 B 59 real estate, investments U.S.A.
#713 Neil Bluhm $2.6 B 76 real estate U.S.A.
#722 John Whittaker $2.5 B 72 real estate United Kingdom
#737 Mortimer Zuckerman $2.5 B 77 real estate, media U.S.A.
#755 George Argyros $2.4 B 77 real estate, investments U.S.A.
#760 Raj Kumar & Kishin RK $2.4 B 60 real estate Singapore
#764 Edwin Leong $2.4 B 62 real estate Hong Kong
#774 Henry Fong Yun Wah $2.4 B 89 real estate Hong Kong
#775 Manuel Jove $2.4 B 73 real estate Spain
#785 Herbert Simon $2.3 B 79 real estate U.S.A.
#794 Wang Wenxue $2.3 B 47 real estate China
#812 Bahaa Hariri $2.3 B 48 real estate, investments, logistics Lebanon
#820 Richard Peery $2.2 B 75 real estate U.S.A.
#827 Jorge Perez $2.2 B 64 condos U.S.A.
#865 Mangal Prabhat Lodha $2.2 B 58 real estate India
#874 Brad Kelley $2.1 B 57 tobacco U.S.A.
#884 Cai Kui $2.1 B 51 real estate China
#897 Nadhmi Auchi $2.1 B 77 real estate United Kingdom
#898 Carlo Fidani $2.1 B 59 real estate Canada
#919 Chandru Raheja $2 B 73 real estate India
#927 Or Wai Sheun $2 B 63 real estate Hong Kong
#932 Huang Wei $2 B 54 real estate China
#938 Thongma Vijitpongpun $2 B 56 real estate Thailand
#960 John Arrillaga $1.9 B 76 real estate U.S.A.
#966 Zhang Li $1.9 B 61 real estate China
#980 Mitchell Goldhar $1.9 B 53 real estate Canada
#987 Li Sze Lim $1.9 B 57 real estate Hong Kong
#988 Miloud Chaabi $1.9 B 85 diversified Morocco
#993 Stanley Perron $1.9 B 91 property, retail Australia
#996 Donald Sterling $1.9 B 78 real estate U.S.A.

Billion Dr. Evil

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

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

http://www.socalofficerealestateblog.com/?p=2613

http://lovesiliconbeach.wordpress.com/2014/11/28/the-worlds-most-successful-real-estate-developers

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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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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://d2tq98mqfjyz2l.cloudfront.net/image_cache/1336620524889657.jpg

http://www.thinkspace.com/wp-content/uploads/2009/01/21suites600.jpg

http://www.socalgreenrealestateblog.com/?p=2989

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

THE RISE OF THE HOME OFFICE

July 1, 2014 on 8:49 pm | In Fascinating Information, Green, Market Snapshot, Office Fodder, Trends, Uncategorized | 3 Comments

by Jodi Summers

Corporations are learning that their employees are happier if they work at home at least one day a week. Going one step beyond, for some careers and small business owners the home office and related tax deductions have become a legitimate tax deduction.

According to data from the Survey of Income and Program Participation, in 1997 7% of workers (9.2 million individuals) reported working at home at least one day a week. By 2010, that total had grown to 9.4% (13.4 million), an increase of more than four million or 35%.

The geographic distribution of those workers who primarily work at home (most days) shows interesting geographic clustering. Using data from the 2012 Census Bureau American Community Survey, the map above charts the share of the workforce (age 16 and over) who report working at home. The highest shares are found in the West, the Northwest, the Upper Midwest and New England. The state of Vermont has the highest share (7.1%), followed by Montana (6.5%), Colorado (6.5%), and Oregon (6.3%). Louisiana has the lowest share at 2.3%.

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http://eyeonhousing.org/2014/04/10/working-at-home-who-claims-the-home-office-deduction/

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http://www.socalofficerealestateblog.com/?p=2553

http://www.socalgreenrealestateblog.com/?p=3308

MIXED-USE BEVERLY HILLS DEVELOPMENT SITE AVAILABLE…AGAIN

June 15, 2014 on 4:26 pm | In Fascinating Information, Funny...Money, Investment Opportunities, New Developments, Uncategorized, Winning Properties | 1 Comment

by Jodi Summers

Looking for your fantasy Beverly Hills mixed use development project? One of the most desirable pieces of real estate in the country —9900 Wilshire Blvd., is for sale again. Price in the mid-$300-million range for the 8-acre parcel.

“A truly rare circumstance in the highly regulated and supply-constrained city of Beverly Hills,” note the experts.

The site of the former Robinsons-May department store in Beverly Hills has been vacant for more than a decade and has changed hands a number of times. The current sellers, Hong Kong private equity firm Joint Treasure International, intended to complete an existing plan to build 235 condos on the site.

They had already navigated Beverly Hills’ arduous city planning process and were successful is getting approval on a mixed use complex design by Richard Meier, architect of the Getty Center.

“Upon transfer of ownership, the incoming buyer will leverage the value already created and be able to immediately commence construction — a truly rare circumstance in the highly regulated and supply-constrained city of Beverly Hills,” the selling brokers said in a statement.

The Meier plan includes 876 underground parking spaces and almost 21,000 square feet designated for office space, shops and restaurants.

The property at 9900 Wilshire Blvd. is, “one of the most desirable pieces of real estate in the country,” the L.A. Times writes. The paper notes that the property, located along Merv Griffin way, “has seen multiple owners who have so far been unable to bring a condominium complex designed by a famous architect to life.”

In 2010, Hong Kong private equity firm Joint Treasure International bought the parcel for $148 million. In 2007 the parcel sold for $500 million in one of the largest transactions in the history of Los Angeles County. The company that purchased it subsequently went bankrupt, which is how Joint Treasure International acquired the property.

Will you be the next owner developer for 9900 Wilshire?

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.loopnet.com/xnet/mainsite/news/News.aspx?DocID=85599&Region=losangeles&intcpt=false&sourcecode=1lne0t006N20140424LN&linkcode=&utm_source=loopnet&utm_medium=emailmarketing&utm_campaign=LoopNews

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http://www.latimes.com/business/la-fi-property-report-20140424-story.html

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