He built a home for his family and saw that the bank appraised it for $250,000 more than he had invested in it. I sold them right away and made more that year than in the prior 10 years,” he said. He founded Palisades Development Group in 1997. For the first three years, he ran it while still working for the Braemar Group. In 2000, he left Braemar to focus fully on his Palisades Development venture.

Source: Los Angeles Times September 09, 2018 10:52 UTC