BILL SHOPOFF
CEO/PRESIDENT
SHOPOFF REALTY INVESTMENTS
WHY: His eponymous company, which specializes in real estate investing and developments, has been working on residential projects at Uptown Newport and involved with a hotel to be built on the Las Vegas Strip.
IN THE NEWS: Shopoff Realty Investments earned a major victory this year when it won approvals from the city of Huntington Beach and California Coastal Commission to develop 29 acres of near coastal property into a mixed-use development with more than 200 houses, a 215-room hotel and retail uses.
NOTABLE: Shopoff Realty Investments is moving forward with its plans to convert land formerly used for oil storage into a mixed-use development with affordable housing units – estimates Huntington Beach coastal lot worth $17M to $24M per acre.
QUOTABLE: “We estimate the building out value of the project to be between $500M and $700M.”
