David Lee (real Estate Developer)
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David Lee (real Estate Developer)
David Y. Lee is an American real estate developer known for holdings in Los Angeles. Early life David Y. Lee was born 1955. He graduated from Northwestern University, where he received a medical degree. Career Lee began investing in properties after the 1992 Los Angeles riots. He acquired the California Mart from investor Judah Hertz for US$135 million in 2004-2005. His company, Jamison Properties, has a portfolio valued at $3 billion in 2008 and includes Banco Popular Center, MCI Center and Macy's Plaza in downtown LA. Much of his portfolio is concentrated in properties on Wilshire Boulevard. In 2013, Jamison sold the former Macy's Plaza multi-use complex for $241 million to The Ratkovich Company. On Feb. 23, 2018, at a meeting with Los Angeles City Council President Herb Wesson and a community advocacy group that had campaigned against his project at 3700 Wilshire Boulevard, Dr. Lee reportedly said he would use his AR-15 rifle to shoot people who step on his land. Dr. Dav ...
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Northwestern University
Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world. Chartered by the Illinois General Assembly in 1851, Northwestern was established to serve the former Northwest Territory. The university was initially affiliated with the Methodist Episcopal Church but later became non-sectarian. By 1900, the university was the third largest university in the United States. In 1896, Northwestern became a founding member of the Big Ten Conference, and joined the Association of American Universities as an early member in 1917. The university is composed of eleven undergraduate, graduate, and professional schools, which include the Kellogg School of Management, the Pritzker School of Law, the Feinberg School of Medicine, the Weinberg College of Arts and Sciences, the Bienen School of Music, the McCormick ...
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Real Estate Developer
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a t ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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1992 Los Angeles Riots
The 1992 Los Angeles riots, sometimes called the 1992 Los Angeles uprising and the Los Angeles Race Riots, were a series of riots and civil disturbances that occurred in Los Angeles County, California, in April and May 1992. Unrest began in South Central Los Angeles on April 29, after a jury acquitted four officers of the Los Angeles Police Department (LAPD) charged with using excessive force in the arrest and beating of Rodney King. This incident had been videotaped and widely shown in television broadcasts. The rioting took place in several areas in the Los Angeles metropolitan area as thousands of people rioted over six days following the verdict's announcement. Widespread looting, assault, and arson occurred during the riots, which local police forces had difficulty controlling due to lack of personnel and resources. The situation in the Los Angeles area was resolved only after the California National Guard, United States military, and several federal law enforcement ...
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California Mart
The California Mart, also known as California Market Center, are three high-rise buildings in Los Angeles, California, USA. Location The buildings are located in the Fashion District of Downtown Los Angeles. The main entrance is on Olympic Boulevard, between Main Street and Los Angeles Street. History The California Mart was built for Harvey and Barney Morse, two brothers from New York City who started a clothing factory in Downtown Los Angeles in the early 1960s. The three 13-story buildings were designed in the modernist architectural style. The first building, located at the intersection of 9th Street and South Los Angeles Street, was completed in 1963. It is 13-story high. The second building, located on South Main Street, was completed in 1965. The third building, located on Olympic Boulevard and Main Street, was completed in 1979. The buildings were owned by the Morse family until 1994, when it was foreclosed and acquired by the Equitable Life Assurance Co. They wer ...
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Judah Hertz
Judah Hertz (born 1948/1949 - died Feb. 4, 2021) was an American real estate investor and philanthropist. He was the founder of the Hertz Investment Group and owned many office buildings in Downtown Los Angeles, the New Orleans Central Business District and cities across the Southern United States. Early life Judah Hertz was born circa 1948/1949 in Brooklyn, New York City. Career Hertz founded the Hertz Investment Group, a real estate investment company based in Santa Monica, California, in 1979. The company includes a subsidiary, Sapphire Gaming, which invests in casinos. Hertz acquired the California Mart, also known as the California Market Center, in Downtown Los Angeles in 2000, only to sell the building complex to investor David Lee for US$135 million in 2004-2005. By 2000, Hertz was the owner of "about 3 million square feet of office space" in Downtown Los Angeles. Hertz acquired the Comstock Hotel & Casino in Reno, Nevada in 1999, but sold it by 2000. However, by 200 ...
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Wilshire Boulevard
Wilshire Boulevard is a prominent boulevard in the Los Angeles area of Southern California, extending from Ocean Avenue in the city of Santa Monica east to Grand Avenue in the Financial District of downtown Los Angeles. One of the principal east-west arterial roads of Los Angeles, it is also one of the major city streets through the city of Beverly Hills. Wilshire Boulevard runs roughly parallel with Santa Monica Boulevard from Santa Monica to the west boundary of Beverly Hills. From the east boundary it runs a block south of Sixth Street to its terminus. Wilshire Boulevard is densely developed throughout most of its span, connecting five of Los Angeles's major business districts and Beverly Hills to one-another. Many of the post-1956 skyscrapers in Los Angeles are located along Wilshire; for example, the Wilshire Grand Center, which is the tallest building in California, is located on the Figueroa and Wilshire intersection. One Wilshire, built in 1966 at the ju ...
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The Ratkovich Company
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic ...
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Herb Wesson
Herman J. "Herb" Wesson Jr. (born November 11, 1951) is an American politician who served as a City council, councilmember representing the Los Angeles City Council District 10, 10th District for three terms between July 1, 2005 and December 14, 2020, and again on an appointed basis from March 22, 2022 until August 25, 2022. He was also the President of the Los Angeles City Council and a List of Speakers of the California State Assembly, Speaker of the California State Assembly. Early life and career Wesson was born in Cleveland, Ohio, on November 11, 1951. He has one younger brother. He received his undergraduate degree in history from Lincoln University (Pennsylvania), Lincoln in 1999, where he was initiated as a member of Alpha Phi Alpha fraternity. Before his term in the California State Assembly, Wesson was the chief of staff of former Los Angeles City Council Member Nate Holden and in the same position for former Los Angeles County Supervisor Yvonne Brathwaite Burke, Yvonn ...
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