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Friday, Apr 19, 2024

Notable Family-Owned Businesses in Los Angeles: Rising Realty Partners

Rising Realty Partners was founded in 2011 by father and son Nelson and Christopher Rising, both perennial LA 500 members. Rising Realty Partners is one of Los Angeles’ most important real estate investment and operating platforms, specialized in creating world-class commercial properties. The company is renowned for developing some of California’s signature projects and communities including Playa Vista, Mission Bay in San Francisco and the U.S. Bank Tower in Los Angeles.

Rising Realty Partners has also been a key figure in the recent revitalization of Downtown Los Angeles. The company acquired and turned around several large-scale historic properties including PacMutual, The CalEdison DTLA and The Trust Building. These properties have attracted transformational retail and creative companies to Downtown, fueling the region’s recent urban renaissance and improving the neighborhood and community. The company also acquired and operates one of Downtown’s most successful skyscrapers, the One Cal Plaza.

Rising Realty Partners is deeply involved with professional and community organizations. The company’s founders and executives serve on board positions or are otherwise active members in the Building Owners and Managers Association Los Angeles, the Urban Land Institute, the Commercial Real Estate Development Association NAIOP, LABBC, PREA, the networking coalition CREW-LA, and the UCLA Ziman Center Real Estate Alumni Group.

Rising Realty Partners’ founders serve on the Board of Directors of some of California’s most important nonprofit and cultural organizations, such as California Institute of Technology, The Los Angeles Philharmonic, River LA, and Loyola Law School. The company also partners with The People Concern and is a stakeholder in the Downtown Center Business Improvement District and Historic Core BID.

In short, Rising Realty Partners is a great example of a family-owned business, and as Los-Angeles based, vertically-integrated real estate investment and operating platform, it continues to specialize in creating world-class commercial properties.

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