Business Specialties Investments
Boxer, Real Estate Hotshot Sells Stake in Promotions Business
May 9, 2008
By: Barbra Murray, Contributing Correspondent

Oscar De La Hoya, owner of real estate development company Golden Boy Partners, has entered into an agreement to sell shares in his Los Angeles-based boxing promotions firm Golden Boy Promotions to sports and entertainment venue developer and presenter AEG.

 

As per terms of the deal, De La Hoya will remain majority shareholder in Golden Boy Promotions, and AEG will own the second largest interest in the company. By bringing AEG aboard, Golden Boy will be able to have a celebrated industry player as a partner in the global promotion of events in AEG's arenas, as well as in the exploration of avenues of expansion in the promotions business. AEG is the owner and developer of some of the country's most popular entertainment venues, including the STAPLES Center sports arena and the El Rey Theatre in Los Angeles, and NOKIA Theatre Times Square in New York City. Additionally, AEG owns The O2 in London, a 28-acre mixed-use development with a 20,000-seat arena and 650,000 square feet of leisure and entertainment space.

 

Formed seven years ago by Oscar De La Hoya, Golden Boy Promotions has become one of the most active and successful boxing promoters in the United States. The company presents shows in venues around the country, as well as on leading networks such as ESPN, HBO and Showtime. De La Hoya's real estate division, El Segundo, Calif.-based Golden Boy Partners, was formed in 2005 and focuses on developing residential, retail and entertainment properties in underserved Southern California urban communities. Los Angeles-headquartered AEG is a subsidiary of the Denver-based Anschutz Co. and holds the distinction of being the largest investor in entertainment and sports facilities--as well as the largest presenter of live sports and entertainment events--in the world.


 
Recent Investments Headlines
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
May 16, 2008
BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million.
801 Travis Goddard Sells Houston Building, Puts Another on Market
May 16, 2008
Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.
Two Trenton Apartment Properties Find New Owners
May 16, 2008
With the Greater Philadelphia Region of CB Richard Ellis at the marketing helm, the 62-unit Beechwood Gardens Apartment Complex and the 18-unit Greenwood Avenue Gardens in Trenton have been snapped up by two different buyers.
Adobe to Buy Boston-Area Office Building Upon Completion
May 15, 2008
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
WestCorp, Equibase Partner to Pursue M-F Opportunities
May 15, 2008
Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States.
 

 

Engaging Your Employees Essential
May 09, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Long gone are the days where the executive leadership of a company can remain sequestered in their offices with an internal focus on hard metrics. It is the soft metrics of customer centricity...

The Name Game: Part 3
May 02, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This is the third and final piece in this series on naming. The first column dealt with how to select a naming firm, the second one addressed the components that go into creating...

The Name Game, Part 2
April 25, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This week's column is part two in a three part series on naming. Last week's column contained advice on how to select a naming firm and today I'll address the elements that go...

The Name Game: Part 1
April 18, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The disciplines of branding and corporate identity have long been personal passions of mine, and nothing within this genre holds greater fascination for me than the practice of corporate naming. This column is...

Knowledge Is Power
April 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The ability of an executive to sort out who, what, why, when, where, and how while contemplating how decisions are made will largely determine the qualitative outcome of said eventual decisions. Even though...