Page 3: Maguire, Flanigan, Cho & Soon-Shiong

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Before the Wilshire Grand there was Robert F. Maguire, who gave downtown a skyline with the US Bank Tower, Gas Co. Tower and Wells Fargo Center. The Great Recession took a toll, but Maguire Investments is back downtown with an office at Citigroup Center at 444 S. Flower St., a building now owned by some of his former colleagues – Thomas Ricci, Randall Scott and John Sischo, founders of Coretrust Capital Partners. … There was good reason for Jim Flanigan, the long-serving dean of local business scribes, to look cool and comfortable at last month’s opening of the Wilshire Grand. Flanigan is the author of a book that’s currently on the University of Nevada press with the working title of “Koreans in Los Angeles and the U.S.: A Beacon for the Future.” The Wilshire Grand comes to market as the property of Seoul-based Korean Air and its parent Hanjin Group, and its arrival makes the time seem ripe for Flanigan’s effort to put the contributions of KorAms in perspective. … Notable that our recent Commentary posing the question of whether Los Angeles should be the capital of the Pacific Rim was a few days ahead of a declaration by Yang Ho Cho —chairman of Korean Air and Hanjin Group – that Los Angeles has, indeed, claimed that role. … Flanigan passes along some perspective on Cho gleaned from his many conversations while researching the book. Seems Cho talks of the 73-story tower as a bequest from a prominent family that’s intended to be a contribution to the civic fabric more than a plain commercial proposition – something along the lines of Rockefeller Center in New York. … Word from the galaxy of medical stars has Patrick Soon-Shiong continuing the sort of recruitment efforts that recently brought fellow doctor Leonard Sender to Culver City as SVP of medical affairs for pediatric, adolescent and young adult oncology at NantKwest. Sender is the founding director of the Hyundai Cancer Institute at Children’s Hospital Orange County, and his specialty plays into the cancer-fighting mission that’s been the basis of Soon-Shiong’s business and fortune. … Recent rumblings have indicated Soon-Shiong is aggressively seeking all-star doctors in other areas of medicine – and his recent deal to take a controlling interest in Verity Health Systems and its six hospitals – including St. Vincent Medical Center in the Westlake district on the edge of downtown and St. Francis in Lynwood – fits with such speculation. … Our Henry Meier notes that three companies in L.A. filed for IPOs recently, with each seeking just under $75 million, and wonders if there’s some matter of regulation or fee structures that might give cause to hold the total there. Anyone who can shed light on the matter or confidently call it a simple coincidence can contact him at [email protected]. … Sullivan Says: Stay tuned for the band Lany, which apparently wasn’t booked anywhere near L.A. last week but still inspired this crowd of fans to camp on the sidewalk for the chance to be the first to pay $20 for socks and $55 for hoodies at a pop-up store selling the band’s merchandise at the Desmond Building at Wilshire & Burnside.

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