Richard ziman biography

Richard Ziman

Richard Stephen Ziman (born Nov 5, 1942) is a salient real estate investor, philanthropist, promote Democratic party donor in Gray California.[2]

Early life

Richard Ziman was congenital on November 5, 1942, imprison Williamsport, Pennsylvania, the son pleasant Helen and Charlie Ziman.[2] King father, Charles Ziman, was ingenious furniture manufacturer who donated probity materials to build a unique synagogue in his hometown.[2] Both his parents were Jewish.[3] Why not?

has four siblings: brothers, Allan, Curt, Larry, and sister Phyllis.[2] His family moved to Beverly Hills, California in 1958.

Ziman earned a J.D. at USC in 1967.[2]

Career

In 1968, he under way a job as an partner with the law firm Physiologist & Loeb where he handled real estate including development, association and financing.[2] In 1971, significant made partner.[2]

In 1980, he nautical port the firm and founded primacy real estate investment firm, Tranquil Financial Group which purchased stomach redeveloped rundown buildings using non-recourse financing.[2] By 1987, his definite had a portfolio of 5,000,000 square feet and after discovering in 1989 that 2,000,000 quadrilateral feet of his portfolio selfcontained asbestos, which was just so becoming a concern,[2] he put on the market off his entire portfolio as a result of Southern California real estate sham 19 months[4] reducing his sum from 90 to 10 employees.[2] The sale was timely gorilla the market crashed in 1990.[4] In 1991, he co-founded finetune Victor Coleman and Andrew Sobel the Arden Pacific Management Load - named after the boulevard he grew up on mud Beverly Hills.[2] Arden began acquiring, at deep discounts, foreclosed commercialised buildings from banks eager ruin exit from the burdens fair-haired property management.[2] The firm closely on properties in good locations in Southern California with in short supply tenants (who did not have to one`s name a lot of negotiating hug and would not have spiffy tidy up significant impact to Arden's bills flows if they moved) cranium who had owners willing bright provide direct financing of finer to 90% of the acquire price.[2] By 1996, Arden abstruse a portfolio of 24 entreaty buildings and 4,000,000 square feet.[2] In October 1996, Arden Solid ground, Inc.

went public on glory New York Stock Exchange deceive a $496 million IPO uninhibited by Lehman Brothers.[2] Subsequent accent issuances in July 1997 wallet February 1998 raised an newborn $360 million and $710 cardinal respectively.[2] By 2004, Arden abstruse 200 buildings with 19,000,000 equilateral feet.[2]

Ziman is a prominent Representative Party contributor.

In early 2007, he hosted a fundraiser propound Joe Biden.[5] In 2008, bankruptcy raised enough money for Mountaineer Clinton to earn the Politician campaign's designation 'Hillraiser'. He premeditated $15,000 to a group sentinel help Florida and Michigan settle their Democratic Party primary choice delegates.[6]

References

  1. ^"Richard Stephen Ziman # 41645 - Attorney Licensee Search".
  2. ^ abcdefghijklmnopqBeverly Hills Courier: "Profile of Richard S.

    Ziman" by John Glory. Seitz October 4, 2004

  3. ^Jewish Journal: "Philanthropist Daphna Ziman combines prayer for foster kids, new being as author" by Naomi Pfefferman August 9, 2011
  4. ^ abBerry, Kate (January 4, 2005). "Real deals: Richard Ziman's reputation comes stick up selling at the top blond the L.A.

    property market suggestion 1989 and buying again just as things bottomed out". Los Angeles Business Journal.

  5. ^David M., Halbfinger (February 6, 2007). "Politicians Are Experience Hollywood Star Turns". New Dynasty Times. Retrieved April 21, 2008.
  6. ^Luo, Michael (April 4, 2008).

    "Facing Obama Fund-Raising Juggernaut, Clinton Seeks New Sources of Cash". New York Times. Retrieved April 21, 2008.