What is it about the World Cup that has me glued to my TV? I can’t get enough of soccer, and I’m guessing that 1st Century Bank founder Alan Rothenberg can’t either.
Rothenberg, who has listed a six-bedroom duplex home in Beverly Hills for sale at $2.2 million, is the founder of Major League Soccer and chairman of Premier Partnerships, a sports and entertainment consulting firm in Century City. Premier’s clients include the National Basketball Association, the Los Angeles Clippers, Arrowhead Stadium and the Rose Bowl – and, of course, Major League Soccer.
As the story goes, Rothenberg saw a need for a private bank willing to serve midsize and family businesses, and solicited 450 investors. The offering was oversubscribed by more than 50 percent and $26.4 million in capital was raised to open the 1st Century Bank in 2004. It was the most capital ever raised for a new bank in Los Angeles County. A secondary offering the next year raised an additional $35 million.
Rothenberg, retired from Latham & Watkins, now serves as a commercial arbitrator in business matters. He is president of the city of L.A.’s Board of Airport Commissioners and is a member and past-president of the Los Angeles Convention and Visitors Bureau. He is chairman of the Los Angeles Sports Council and a member of the 2016 Los Angeles Olympic Bid Committee.
He served on the board of the 1999 FIFA Women’s World Cup, and was chairman and chief executive of the 1994 World Cup Organizing Committee. He was president of the United States Soccer Federation from 1990 to 1998.
The 4,136-square-foot Spanish-style house he is selling, believed to be investment property, was built in 1930. Both units in the home were recently remodeled with new kitchens and bathrooms. Each unit has three bedrooms. The upstairs unit has high-beamed ceilings. Both kitchens have tumbled travertine floors and mahogany hardwood floors in the other rooms.
Judi Fogelman of Coldwell Banker-BH North is the listing agent for the home.
Palos Verdes Listing
The founder of BeliefNet.com, the site that bills itself as “your trusted source for free daily inspiration and faith,” may be hoping for a little of both when it comes to the listing of his 2,400-square-foot Palos Verdes Estates home.
Anthony Uphoff has his four-bedroom home on the market at $1.7 million. Uphoff sold the popular BeliefNet website in 2007 to News Corp. and is now chief executive of UBM TechWeb, a Bay Area technology media and professional business information service.
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