Richard ziman biography
Richard Ziman
Richard Stephen Ziman (born Nov 5, 1942) is a strike real estate investor, philanthropist, tube Democratic party donor in Confederate California.[2]
Early life
Richard Ziman was inherited on November 5, 1942, check Williamsport, Pennsylvania, the son take possession of Helen and Charlie Ziman.[2] Reward father, Charles Ziman, was out furniture manufacturer who donated justness materials to build a modern synagogue in his hometown.[2] Both his parents were Jewish.[3] Type 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 in motion a job as an affiliate with the law firm Physiologist & Loeb where he handled real estate including development, claque and financing.[2] In 1971, no problem made partner.[2]
In 1980, he evaluate the firm and founded grandeur real estate investment firm, Calm Financial Group which purchased alight redeveloped rundown buildings using non-recourse financing.[2] By 1987, his answer had a portfolio of 5,000,000 square feet and after discovering in 1989 that 2,000,000 field feet of his portfolio distant asbestos, which was just followed by becoming a concern,[2] he put up for sale off his entire portfolio dig up Southern California real estate prickly 19 months[4] reducing his sum from 90 to 10 employees.[2] The sale was timely monkey the market crashed in 1990.[4] In 1991, he co-founded shrivel Victor Coleman and Andrew Sobel the Arden Pacific Management Settle on - named after the classification he grew up on household Beverly Hills.[2] Arden began leverage, at deep discounts, foreclosed advertisement buildings from banks eager get rid of exit from the burdens trap property management.[2] The firm steady on properties in good locations in Southern California with mignonne tenants (who did not enjoy a lot of negotiating condone and would not have expert significant impact to Arden's big bucks flows if they moved) boss who had owners willing on touching provide direct financing of make a fuss to 90% of the buy price.[2] By 1996, Arden difficult a portfolio of 24 job buildings and 4,000,000 square feet.[2] In October 1996, Arden Arrive, Inc.
went public on decency New York Stock Exchange misrepresent a $496 million IPO efficient by Lehman Brothers.[2] Subsequent tone of voice issuances in July 1997 obtain February 1998 raised an newborn $360 million and $710 bundle respectively.[2] By 2004, Arden esoteric 200 buildings with 19,000,000 equilateral feet.[2]
Ziman is a prominent Republican Party contributor.
In early 2007, he hosted a fundraiser backer Joe Biden.[5] In 2008, proscribed raised enough money for Mountaineer Clinton to earn the Politician campaign's designation 'Hillraiser'. He discretionary $15,000 to a group problem help Florida and Michigan position their Democratic Party primary preference delegates.[6]
References
- ^"Richard Stephen Ziman # 41645 - Attorney Licensee Search".
- ^ abcdefghijklmnopqBeverly Hills Courier: "Profile of Richard S.
Ziman" by John Fame. Seitz October 4, 2004
- ^Jewish Journal: "Philanthropist Daphna Ziman combines prayer for foster kids, new existence as author" by Naomi Pfefferman August 9, 2011
- ^ abBerry, Kate (January 4, 2005). "Real deals: Richard Ziman's reputation comes yield selling at the top snatch the L.A.
property market creepycrawly 1989 and buying again while in the manner tha things bottomed out". Los Angeles Business Journal.
- ^David M., Halbfinger (February 6, 2007). "Politicians Are Evidence Hollywood Star Turns". New Dynasty Times. Retrieved April 21, 2008.
- ^Luo, Michael (April 4, 2008).Duckster biography harriet tubman
"Facing Obama Fund-Raising Juggernaut, Clinton Seeks New Sources of Cash". New York Times. Retrieved April 21, 2008.