March 28, 2012 |
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.
March 28, 2012 |
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.
March 2, 1995 |
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.
June 2, 2005 |
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.
CALIFORNIA | LOCAL
June 3, 1998 |
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.
May 9, 2002 |
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.