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Johnson Development Corp

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CALIFORNIA | LOCAL
June 5, 1998 | JILL LEOVY, TIMES STAFF WRITER
Contending that a development partnership that includes ex-basketball star Earvin "Magic" Johnson has yet to meet basic criteria for city subsidies, City Councilman Mark Ridley-Thomas and Community Redevelopment Agency chief John Molloy on Thursday defended the city's hesitance in negotiations with the group over a proposed Crenshaw district shopping center. Further talks planned for today may bring a resolution, they said--provided that Johnson's group is ready to compromise.
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BUSINESS
March 28, 2012 | By Roger Vincent
Earvin “Magic” Johnson's purchase of part ownership of the Los Angeles Dodgers is the latest step in one of the most successful post-game careers of any professional athlete. The former Los Angeles Lakers guard has carved out a role as a liaison between big-money investors and the residents of urban neighborhoods who might become their customers in a variety of businesses including theaters, restaurants, stores and apartments. “He is an extraordinary businessman who has done a great job of executing his strategies,” said Ken Lombard, former president of the Johnson Development Corp.
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CALIFORNIA | LOCAL
June 10, 1998 | BETH SHUSTER, TIMES STAFF WRITER
The city Community Redevelopment Agency and developers for Earvin "Magic" Johnson negotiated into the evening Tuesday without reaching agreement on a deal to revitalize the dilapidated Santa Barbara Plaza shopping center in the Crenshaw district. The deal reportedly includes a multimillion-dollar public subsidy that would be guaranteed by the former NBA superstar's partnership.
SPORTS
March 28, 2012 | By Roger Vincent
Magic Johnson's purchase of part ownership of the Dodgers is the latest step in one of the most successful postgame careers of any professional athlete. The former Lakers guard has carved out a role as a liaison between big-money investors and the residents of urban neighborhoods who might become their customers in a variety of businesses including theaters, restaurants, stores and apartments. "He is an extraordinary businessman who has done a great job of executing his strategies," said Ken Lombard, the former president of the Johnson Development Corp.
BUSINESS
March 28, 2012 | By Roger Vincent
Earvin “Magic” Johnson's purchase of part ownership of the Los Angeles Dodgers is the latest step in one of the most successful post-game careers of any professional athlete. The former Los Angeles Lakers guard has carved out a role as a liaison between big-money investors and the residents of urban neighborhoods who might become their customers in a variety of businesses including theaters, restaurants, stores and apartments. “He is an extraordinary businessman who has done a great job of executing his strategies,” said Ken Lombard, former president of the Johnson Development Corp.
SPORTS
March 28, 2012 | By Roger Vincent
Magic Johnson's purchase of part ownership of the Dodgers is the latest step in one of the most successful postgame careers of any professional athlete. The former Lakers guard has carved out a role as a liaison between big-money investors and the residents of urban neighborhoods who might become their customers in a variety of businesses including theaters, restaurants, stores and apartments. "He is an extraordinary businessman who has done a great job of executing his strategies," said Ken Lombard, the former president of the Johnson Development Corp.
CALIFORNIA | LOCAL
June 6, 1998
Negotiations between the city's Community Redevelopment Agency and developers for Earvin "Magic" Johnson to revitalize the Santa Barbara Plaza shopping center in the Crenshaw area continued Friday and are expected to be completed next week, officials on both sides said. Redevelopment agency officials are expected to report to a Crenshaw community action group Thursday on the progress of talks. The two sides will meet Tuesday to iron out details, the officials said.
BUSINESS
March 2, 1995 | From Associated Press
The nation's largest public pension fund may team up with former Los Angeles Lakers star Magic Johnson to invest in inner-city real estate, officials said Wednesday. The California Public Employees Retirement System said its board has tentatively approved investing $50 million in a joint venture with Johnson and real estate investment adviser Victor MacFarlane.
BUSINESS
June 2, 2005 | From Associated Press
Former NBA star Earvin "Magic" Johnson has teamed with Mandalay Entertainment Group to invest in urban renewal projects anchored by minor league baseball stadiums, a Mandalay executive said Wednesday. One such project could involve a new home worth $25 million to $35 million for the Mandalay-owned Hagerstown Suns, a Class A affiliate of the New York Mets based in Maryland, said Richard W. Neumann, a vice president of the Mandalay Baseball unit.
NEWS
January 29, 1995
Those of us pining for the return of Kelbo's, the longtime tiki-hut eatery and bar in West Los Angeles that closed last year, suffered collective heartache last week. On Jan. 20 something quite different opened in its place--Fantasy Island, a cabaret and restaurant that might be described as an American version of a Japanese hostess bar.
BUSINESS
June 2, 2005 | From Associated Press
Former NBA star Earvin "Magic" Johnson has teamed with Mandalay Entertainment Group to invest in urban renewal projects anchored by minor league baseball stadiums, a Mandalay executive said Wednesday. One such project could involve a new home worth $25 million to $35 million for the Mandalay-owned Hagerstown Suns, a Class A affiliate of the New York Mets based in Maryland, said Richard W. Neumann, a vice president of the Mandalay Baseball unit.
BUSINESS
May 9, 2002 | KAREN ROBINSON-JACOBS, TIMES STAFF WRITER
When Earvin "Magic" Johnson opens his new sports club today in tony Sherman Oaks, it will be a clear signal that the basketball-great-turned-businessman is expanding his magic kingdom beyond the 'hood. As founder and chief executive of Magic Johnson Enterprises, Johnson has spent the last nine years bringing theaters, restaurants and coffee houses to under-served communities--typically urban centers with large minority populations.
CALIFORNIA | LOCAL
July 7, 1998 | BETH SHUSTER, TIMES STAFF WRITER
After months of hardball politics, developers for former basketball star Magic Johnson and city officials are expected to announce today that they have reached agreement on a $100-million shopping center in the Crenshaw district, which is badly in need of development. Under nonbinding terms approved by the developers and the Community Redevelopment Agency, the city will offer developers a nearly $20-million subsidy to rebuild the crumbling Santa Barbara Plaza shopping center.
CALIFORNIA | LOCAL
June 10, 1998 | BETH SHUSTER, TIMES STAFF WRITER
The city Community Redevelopment Agency and developers for Earvin "Magic" Johnson negotiated into the evening Tuesday without reaching agreement on a deal to revitalize the dilapidated Santa Barbara Plaza shopping center in the Crenshaw district. The deal reportedly includes a multimillion-dollar public subsidy that would be guaranteed by the former NBA superstar's partnership.
CALIFORNIA | LOCAL
June 6, 1998
Negotiations between the city's Community Redevelopment Agency and developers for Earvin "Magic" Johnson to revitalize the Santa Barbara Plaza shopping center in the Crenshaw area continued Friday and are expected to be completed next week, officials on both sides said. Redevelopment agency officials are expected to report to a Crenshaw community action group Thursday on the progress of talks. The two sides will meet Tuesday to iron out details, the officials said.
CALIFORNIA | LOCAL
June 5, 1998 | JILL LEOVY, TIMES STAFF WRITER
Contending that a development partnership that includes ex-basketball star Earvin "Magic" Johnson has yet to meet basic criteria for city subsidies, City Councilman Mark Ridley-Thomas and Community Redevelopment Agency chief John Molloy on Thursday defended the city's hesitance in negotiations with the group over a proposed Crenshaw district shopping center. Further talks planned for today may bring a resolution, they said--provided that Johnson's group is ready to compromise.
CALIFORNIA | LOCAL
June 3, 1998 | BETH SHUSTER, TIMES STAFF WRITER
Every week for five months, Earvin "Magic" Johnson's business team met with the Community Redevelopment Agency to map out a multimillion-dollar shopping center sorely needed in the Crenshaw district. Those meetings, the developers believed, were fruitful: The firm even awarded exclusive rights to a Los Angeles real estate company to search for such "big box" retailers as Target or Home Depot to occupy space in the sagging Santa Barbara Plaza. Suddenly and without warning, the meetings stopped.
CALIFORNIA | LOCAL
July 7, 1998 | BETH SHUSTER, TIMES STAFF WRITER
After months of hardball politics, developers for former basketball star Magic Johnson and city officials are expected to announce today that they have reached agreement on a $100-million shopping center in the Crenshaw district, which is badly in need of development. Under nonbinding terms approved by the developers and the Community Redevelopment Agency, the city will offer developers a nearly $20-million subsidy to rebuild the crumbling Santa Barbara Plaza shopping center.
CALIFORNIA | LOCAL
June 3, 1998 | BETH SHUSTER, TIMES STAFF WRITER
Every week for five months, Earvin "Magic" Johnson's business team met with the Community Redevelopment Agency to map out a multimillion-dollar shopping center sorely needed in the Crenshaw district. Those meetings, the developers believed, were fruitful: The firm even awarded exclusive rights to a Los Angeles real estate company to search for such "big box" retailers as Target or Home Depot to occupy space in the sagging Santa Barbara Plaza. Suddenly and without warning, the meetings stopped.
BUSINESS
March 2, 1995 | From Associated Press
The nation's largest public pension fund may team up with former Los Angeles Lakers star Magic Johnson to invest in inner-city real estate, officials said Wednesday. The California Public Employees Retirement System said its board has tentatively approved investing $50 million in a joint venture with Johnson and real estate investment adviser Victor MacFarlane.
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