Developer
An iconic developer who made a lasting impact on L.A.’s skyline, Robert Maguire III remains active today. His downtown buildings include the 73-story U.S. Bank Tower, the Wells Fargo Center, KPMG Tower and the Gas Company Tower. He also helped shape Playa Vista into a cornerstone of Silicon Beach. Maguire previously ran Maguire Properties with fellow developer Nelson Rising. Maguire split from the company in 2008. It was later renamed MPG Office Trust, and in 2013 was acquired by Brookfield Office Properties Inc.
How many hours a week do you work?
40 hours a week or so.
Why not retire?
This is too energizing, too much fun and too profitable.
What is the one thing people often get wrong about retirement?
I don’t know. I don’t see retiring any time soon.
Do co-workers seek out your experience and knowledge?
Yes.
How do you keep the work you do fresh and interesting?
Every deal is a new deal, so there is constant variety and new challenges every day.
What are the biggest changes you’ve observed in your workplace environment across your career, and what are key aspects that have never changed?
More efficient and faster. As Los Angeles has emerged as a major financial hub, major deals can be completed here rather than in New York. The real estate fundamentals remain the same.
How has working in Los Angeles changed over the years?
Ten years ago, a major transaction had to be initiated in New York. That is no longer the case. It can be done in Los Angeles now.
What’s next on your agenda?
My plate is full, which makes me happy, and I feel fulfilled.
What do you do for fun?
I have four kids and 13 grandchildren, and I have a happy marriage. None of my kids work for me, and I work closely with them. They are stimulating independent souls, and I welcome their counsel. My loves are sailing, surfing, flying and dancing with my wife.
If you could go back in time, what advice would you have for your 50-year-old self?
It is pretty late in the game. If you are looking for advice at 50, you are not likely to find it by 80, but hope springs eternal, so good luck.
