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. In November 2020, McPherson College conferred honorary doctorates on Melanie and Richard to recognize the couples significant body of work in driving systemic change in K-12 public education, health care delivery, and innovation, as well as the environment. 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. The Lundquists gift completes the campaign early, having raised $53 million in under three years. They have also helped transform health care delivery and spur biomedical research and innovation. The two slowly became friends and over time they started dating. Its going to be a tremendous community asset, said President and CEO Craig Leach. Additionally, it takes smart leaders to move a college ahead, and we appreciate the good work of President Schneider and his team. Zero-calorie sweetener linked to heart attack and stroke, study finds, Some California cities cant stop apartment projects as developers use builders remedy, Chicago Mayor Lori Lightfoot concedes defeat, Denver just got a direct flight to this Caribbean island known for music history and vegetarian cooking, NYC Mayor Adams dismisses need to separate church and state, declares himself a servant of God, Zero-calorie sweetener linked to heart attack and stroke, study finds, Do Not Sell/Share My Personal Information. 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 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. 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. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. Wallmine is a radically better financial terminal. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. (Thomas R. Cordova / Staff Photographer). Back in 2002, Mr. & Mrs. For over three decades, Richard has served as a member of the Board of Directors of the El Segundo Education Foundation, a non-profit organization that raises funds for El Segundo, CA public schools, where Continental Development is headquartered. Unfortunately for the Grosses pocketbooks, the vacant land did not sell until April 2014, when Blake Quinn paid $20,800,000 through an LLC for the prime parcel. Gross who has been married to his second wife, Sue Frank, for over 30 years and has three grown children, FYI is also a major philanthropist and one of the worlds top stamp collectors. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. 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. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. It dawned on me about 20 years ago that if I had a heart attack at 4 p.m. in the afternoon I was DOA if I had to go to Cedars, said Lundquist, who lives in Palos Verdes Estates. Dirt is a part of Penske Media Corporation. 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. Maybe well get together with the kids or something, adds her husband. However, Mr. AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular rooms. Not for lack of trying, but we were unable to locate a purchase price. And then theres furniture & real estate power couple Alan & Twila True, who in 2010 paid $27,000,000 through their Telluride Trust for the massive mansion at the end of the island. These deals were kept hush-hush. The new private rooms patients share rooms in the old part of the hospital, which is not optimal for patient privacy or infectious disease control are 30 percent larger than existing rooms. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. But you knew that already, right? 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. 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. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. 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. The underlying foundation of the big picture for everything is education and health care; theyre basic human rights to us., A version of this article appeared in the. Besides, says Richard Lundquist, universities with large endowments should put some of that money back into the local K-12 public schools so students are better prepared for college. Enter your email below and well share the latest news and ways to get involved. Melanie is a sought-out voice on public education and philanthropic issues. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. The Doctor of Humane Letters (LHD) degrees were awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. A decade ago, they pledged. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. Medical staff wont move to the new tower overlooking Lomita Boulevard until Nov. 16, once the state-of-the-art, 256-bed hospital is fully stocked and staffed and patients literally roll in from the existing hospital wing. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. Gross took a $2.2 million loss on this one, not counting demolition fees and all those other costs involved with buying and selling a property of this magnitude. Then Mr. Richard and I spend time at the schools and with the kids, and I sometimes meet with the principals and parents and teachers, she says. The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Richard and I look forward to visiting campus in October. Back to Orange County. Gross purchased his Irvine Cove property way, way back in March 1988. Hes known as the Bond King in American finance and the Old Grey Lady herself even referred to him as the nations most prominent bond investor. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Please make sure your computer, VPN, or Ive always thought naming rights should be more like whats become customary for sports stadiums; you pay a certain amount a year, and if you dont continue to pay, your name comes down, says Richard Lundquist. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Mr. She is past president of the American Association of Port Authorities and past president of the International Association of Ports and Harbors. Lundquist is a member of the University of Southern California (USC) Presidents Leadership Council and Vice Chair of the Board at the Partnership for Los Angeles Schools. $25M Surprise Gift Announced During McPherson College Commencement. 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Southern California has already proven that it can be a leader in this area, said Knatz. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. Rather than following the path of so many wealthy donors who back charter-school efforts, the Lundquists wanted to devote their money and attention to where the majority of todays youths receive their education public schools. The South Bay couple, who have donated more than $200. 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. Since then, the Lundquists have become regular supporters of the college. At times, it will not be easy. 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. 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. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. The Lundquists have been involved with the hospital for several years, both as patients and donors. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. The Lundquists relationship with McPherson College started in 2014. For frequently asked questions please click here. She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. He. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles is proud to announce that Dr. Melanie Lundquist, LHD, one of Californias most generous and fearless philanthropists, has joined the AltaSea Board of Trustees; and Dr. Geraldine Knatz, Ph.D., former executive director of the Port of Los Angeles and AltaSea board member since 2018, will lead the organization as board chair. No kidding. Richard and his wife, Melanie, alongside then Los Angeles Mayor Antonio Villaraigosa, founded the Partnership for Los Angeles Schools in 2007 with a $50 million ten-year investment in the youth of Los Angeles. Top-notch care should not depend on your ZIP Code.. 2022 McPherson College. Its been the best journey of our lives, really.. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. Once javascript and access to those URLs are allowed, please refresh this page. Geraldine Knatz is Professor of the Practice of Policy and Engineering, a joint appointment between the University of Southern California Price School of Public Policy and the Viterbi School of Engineering. I think they achieved that., He added, We had originally targeted around $50 million to $75 million (in donations) from the community in cash and pledges. All Rights Reserved. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Senator Jerry Moran. Gross is well-known for his very, very healthy appetite for luxury real estate. We are unable to fully display the content of this page. 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. We have had the pleasure of getting to know many McPherson College students and hosting them in California. For many generations to come, this beautifully designed new medical complex, along with all those working in it, will provide advanced medical care for the entire community.. The Lundquists met in the 1980s as neighbors in an apartment complex in Redondo Beach, a coastal city in Los Angeles County. Here we are six years later and we are now at $130 million in giving for this building.. The house was never on the market, so there arent any listing photos or many facts/figures publicly available, but according to tax records the current, rather ho-hum structure was built in 1969 and spans 5,437 square feet with 4 bedrooms and 6 baths. 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. His answer? AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. The most likely cause of this is a content blocker on your computer or network. Still, during the same period, the hospital also increased its share of the local market by 2 percentage points to almost 26 percent, Leach said. 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. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. The Lundquists relationship with McPherson College began in 2012, when Melanie donated tool sets to the schools Automotive Restoration program in honor of Richards birthday. But as far as Yolanda knows, nobody else on the interwebs has discussed them yet. Melanie holds undergraduate and graduate degrees from the University of Southern California in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. The conferral of the honorary doctorates recognizes the Lundquists unique mission to leverage their philanthropic commitments to affect significant and measurable impact through driving systemic change, focusing on areas where their gifts can change systems as well as fortunes, not just make incremental progress. Melanie is a member of the University of Southern California (USC) Presidents Leadership Council and the USC Rossier School of Educations Board of Councilors, as well as Vice Chair of the Board at the Partnership for Los Angeles Schools. AltaSea has also been a hub for the national discussion about effective and sustainable use of ocean resources, hosting U.S. House Majority Leader Steny Hoyer, Congresswoman Nanette Barragn, Los Angeles Mayor Eric Garcetti, State Senator Steve Bradford, Assemblyman Richard Bloom, former California Governor Arnold Schwarzenegger, and many others interested in this unique and innovative public-private ocean institute. 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