Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. Much to the shock, awe, and/or delight of onlookers, they immediately razed the existing structure and were all prepared to construct a new OC home base. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. Its among the 60 biggest gifts in the healthcare sector since 2005. We want to hear from you! A simple test is helping thousands of diabetics in L.A. County who face an increased risk of going blind, Health officials urge meningitis vaccination amid L.A. Melanie and Richard Lundquist, LHD, shocked the McPherson College community during its 134th Commencement Ceremony, announcing the couples $25 million gift to the college for the Building Community Campaign the largest gift in the colleges 135-year history. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. McPherson College is a special place that embraces the love of humanity, said Melanie Lundquist, while announcing her and her husbands first major philanthropic gift outside of California. Its the biggest event for Torrance Memorial since 1971, when the hospital moved from the Old Torrance site where it was founded in 1925, financed by $100,000 bequeathed by the citys founder in his will. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, the nations most prominent bond investor, the best fairway on what is perhaps one of the worlds most famous golf courses, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, CaptainSparklez Price Chops Mullet-Style WeHo Aerie, Sean Penn Romances Julia Roberts at a Landmark Reseda Restaurant in 'Gaslit', New York Hedge Funder Lands Classic Santa Monica Home. Their kids are the dozens theyve gotten to know of the 14,500 children and teens the couple have sought to help since 2007, the year they gave $50 million to launch the Partnership for Los Angeles Schools, a nonprofit aimed at improving student success in 18 of the highest-need public schools in Los Angeles. All Rights Reserved. His answer? Richard and I look forward to visiting campus in October. During the pandemic, he co-developed and opened the 5.7-acre Del Rey campus, the newest office campus on the Westside of Los Angeles, where Electronic Arts the pioneering video game company is the anchor tenant. Mrs. Lundquist and her husband Richard are graduates of Los Angeles public schools where, as she told Los Angeles Times columnist Steve Lopez, "I got a wonderful education, and there are 50 teachers I could name right now who were some of my best friends, and even after I graduated, they continued to be friends." MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. MMA Capital Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Thats a net gain of about 50 after about 200 are closed in the older seven-story Central Tower, which will be emptied from the fourth floor up once the new facility opens, Leach said. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. Second of all, that it felt warm and welcoming. Anyway, Mr. & Mrs. By the mid-1990s, Richard completed his purchase of Continental Development Corporation, which has now developed well over 5 million square feet of commercial buildings. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. Blah blah blah. Then theres Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! The Lundquists are signatories of the Giving Pledge, the movement where some of the worlds wealthiest individuals and couples commit to give more than half their wealth away. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . In 2013, the Lundquists donated $50 million for the creation of a patient building at the hospital with all private rooms, now called the Lundquist Tower. The old tower was built in the late 1960s and is no longer seismically compliant with state laws, prompting the construction of the Melanie and Richard Lundquist Tower. 2022 McPherson College. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. The couple also helps the medical center attract additional dollars by speaking to groups of potential donors and working with hospital leaders to cultivate relationships with wealthy philanthropists. Latest $32 Million Donation by Melanie & Richard Lundquist Will Establish Neuroscience Institute and Orthopedic & Spine Institute at Torrance, CA Hospital June 15, 2017 04:07 PM Eastern Daylight Time Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. Southern California has already proven that it can be a leader in this area, said Knatz. Her mother raised funds to establish a dental clinic for impoverished children in Los Angeles in the 1920s when she was a student at U.S.C. Melanie holds undergraduate and graduate degrees from USC in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. McPherson College is important to the success of our state, and this gift will not only help the college continue to grow, but it will also greatly benefit the McPherson community. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Yolanda is also not sure if there was a house on the lot when he acquired it or if it was just vacant land. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. But Melanie Lundquist, who volunteered at the hospitals front desk for more than a decade, said she saw firsthand the vital services Torrance Memorial provides. Mrs. Lundquist is a founding member of the Board of the Partnership for Los Angeles Schools, past chair of the Advisory Board for Teach for America, and is co-chair of a $165 million capital campaign for the California Science Center. Send us a tip using our anonymous form. Also on 17 Mile Drive and just a few doors away is a house that was sold for a county-record-smashing $31,250,000 in late 2014 to Arkansas-based billionaire Warren Stephens and his wife Harriet. That piece of equipment will protect the surgeon from radiation used during medical procedures without donning a 40- to 50-pound lead apron, he said. The Lundquists gift completes the campaign early, having raised $53 million in under three years. As Lundquist Fellows, students gain exposure to college and career experiences, including participation in the annual summer Oregon Young Scholars Program, opportunities to serve as ambassadors for their schools, communities, and the Partnership, recognition of their fellowship participation at a yearly ceremony, and more! All Rights Reserved. Hes also, duh, a major lover of luxury real estate. Mrs. Lundquist and her husband Richard own the Continental Development Corporation which has developed and manages 4 million square feet of premium office, research and development, commercial, retail, restaurant and entertainment properties, including the Intercontinental Hotel in San Francisco, the 30 acre Sky-Park medical Facility in Torrance, CA; and various upscale shopping plazas around Southern California. They have to leave the region for certain procedures, which can be inconvenient or even dangerous. The gift. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. LOS ANGELES, Nov. 21, 2019 /PRNewswire/ -- Southern California philanthropists Richard and Melanie Lundquist have made a $5 million gift to AltaSea at the Port of Los Angeles to advance ocean . They committed $70 million in February 2019, as an unrestricted gift, to the Los Angeles Biomedical Research Institute (LA BioMed), which was renamed The Lundquist Institute. Melanie and Richard Lundquist are agents of change and two of Californias most significant philanthropists. Public dollars alone can no longer sustain our society. Although Torrance Memorial already is the largest acute-care hospital in the South Bay, the new tower will increase the total number of beds to 446. William H. Bill Gross, for those who dont know, is a very famous American financier who co-founded asset management giant PIMCO way back in 1971. . The tower faces a 16-acre site across Lomita Boulevard that decades from now will house an expansion of the hospital, but until then will serve as staff parking. Gross is now with a much-smaller firm: Janus Capital. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Wake up to the day's most important news. This five-year fellowship program seeks to further develop students who have demonstrated outstanding . Prior to that, she was managing director of the Port of Long Beach. In July 2009, near the height of the recession, Mr. & Mrs. The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. They have given away about $190 million so far, primarily to education and health care in the Los Angeles area, where they spend most of their time and devote much of their giving. Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. A water feature built with a $1 million Toyota donation greets patients at the front door of the tower, which was built to evoke a feeling of hospitality rather than a clinical atmosphere, Leach said. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. Insiders trading at MMA Capital Inc Over the last 20 years, insiders at MMA Capital Inc have traded over $3,826,546 worth of MMA Capital Inc stock and bought 470,846 units worth $12,697,475 . But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. Both products of the Los Angeles public-school system, they co-founded the organization with Anthony Villaraigosa, mayor of Los Angeles from 2005 to 2013. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. Recently, his company and a development partner secured approval to build and lease a new 14-acre headquarters and training facility to the Los Angeles Chargers NFL team. In short, hes a very big deal. This five-year fellowship program seeks to further develop students who have demonstrated outstanding leadership and commitment to their schools, education, and communities with an academic scholarship and opportunities for personal and professional growth. Back to Orange County. Thank you to the Lundquists for their generous gift to McPherson College. The house is in perhaps the poshest part of the entire road and backs up to, as per our Mama, the best fairway on what is perhaps one of the worlds most famous golf courses. 2022 McPherson College. The contributions are the result of a longstanding relationship the couple has had with the hospital, one that is rooted in an effort Melanie Lundquist made more than a decade ago when she was trying to help the hospitals chief fundraiser land a large gift from another donor. The second floor boasts the towers most intensive uses, with a dozen new operating rooms, including the South Bays first hybrid operating room, which allows surgeons to perform high-risk, minimally invasive surgeries and then switch to more conventional open surgery if needed, an adaptive approach designed to accommodate the medical needs of an aging population. The Partnership for Los Angeles Schools is an example of a public-private partnership. We applaud all of the people who participated in bringing this extremely complicated development project to fruition, both ahead of schedule and below budget, Richard Lundquist said. Richard served for over ten years as Chairman of the Foundations Board of Directors. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. No kidding. Mr. Grosss nearest neighbors in Beverly Hills include nutritional supplement heir Ryan Drexler, Ringo Starr, Roger Birnbaum (he paid $20,000,000 for Ellen DeGeneress house), and Riza Aziz, the severely-legally-embattled stepson of Malaysian Prime Minister Najib Razak. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. Gross no longer works with PIMCO. The hospital will also use the money to provide better stroke care. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. AltaSea has attracted some of the most incredible, forward-thinking, and innovative leaders to our board, so to add someone of Melanies significant stature reinforces once again that our work is meaningful and continues to resonate with those who see the benefit in ocean-related solutions to climate change in the fields of business, science, and education, said AltaSea President and CEO Terry Tamminen. But Saturdays grand opening for the 390,000-square-foot tower will include nurses in vintage uniforms and appearances by actors playing hospital founders Jared Sydney and Helena Torrance. Maybe well get together with the kids or something, adds her husband. We are unable to fully display the content of this page. Well, now you have. Richard's company, Continental Development Corporation, is a commercial real estate development and management company headquartered in El Segundo, California, The Lundquists are not only neighborsthey own the InterContinental San Francisco hotel next doorbut also donors and philanthropists. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. 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LOS ANGELES, Feb. 11, 2019 /PRNewswire/ -- Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed . They have given away about $190 million so far, primarily to education and health care in the Los Angeles area, where they spend most of their time and devote much of their giving. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. Yolanda, of course, opened her own investigation and it only took a couple minutes of research before we discovered (and as you probably already guessed) that this White Tiger Trust is very easily connected to the man himself William H. Gross, aka Bill Gross. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. MMA Capital Holdings, Inc. focuses on infrastructure-related investments that generate positive environmental and social impacts and deliver attractive risk-adjusted total returns to shareholders, with an emphasis on debt associated with infrastructure including renewable energy projects. Our goal now is to encourage fresh thinking, new ideas and a real commitment from business and science to uncover those answers and put them to work improving our lives and the health of our planet.. Give your time, talent, and treasure for the love of humanity.. TORRANCE >> About $10 million under budget and six months ahead of schedule, Torrance Memorial Medical Centers $480 million seven-story tower opens to the public Friday and Saturday for tours and speeches. It is an exciting time at AltaSea, and I know our new board leadership will continue to foster the innovation and collaboration AltaSea has become known for, said Tamminen. All Rights Reserved. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. The couple, who just signed the Giving Pledge last month, say their future philanthropic plans include giving much of their wealth away during their lifetimes (they declined to reveal their net worth), and they plan to continue to give big to the two causes they care about most. But if there was a house there, it was demolished faster than yall can snap your fingers twice. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Improve Los Angeless most underserved public schools. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. The Doctor of Humane Letters (LHD) degrees are awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. Then, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. The impact of the Lundquists gift and friendship is truly immeasurable.. But as far as Yolanda knows, nobody else on the interwebs has discussed them yet. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Must be nice to have that kind of spending power, huh? Gross acquired the golf-green-fronting lot located within the guard-gated Vintage Club neighborhood in 1995 for $2,500,000 and tax records show the current, contemporary mansion was completed in 2002 and has 11,316 square feet with 4 bedrooms and 6.5 baths. The Lundquists other philanthropic passion, health care, has been demonstrated mainly through a series of gifts totaling nearly $100 million to the Torrance Memorial Medical Center, just south of Los Angeles. Melanie Lundquist comes from a family of individual philanthropists. Dirt is a part of Penske Media Corporation. The house has 10,000 square feet of interior space with 5 bedrooms, 7.5 bathrooms, a gym, two kitchens, and an infinity pool with baller-style views out to the Pacific. That commitment to others is what inspires us as well. 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