A NEWS &E LOS ANGELES
DOWNTOWN
SPRING PREVIEW Pull-Out Section
9-24
W W W. D O W N T O W N N E W S . C O M
March 9, 2009
Volume 38, Number 10
INSIDE
ARTS & ENTERTAINMENT
The Other Side of Mark Geragos Known for Clients Such as Chris Brown, Scott Peterson and Michael Jackson, The Downtown Attorney Also Has a Passion for Historic Real Estate
The weed-eating goats are back.
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Election Day’s losers and winners.
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Why Steve Soboroff loves the Clippers.
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photo by Gary Leonard
Attorneys Mark Geragos (left) and Brian Kabateck have transformed the lobby of the Fine Arts Building on Seventh Street into an event and public art space. The two purchased the historic property last year for $23.5 million. by AnnA Scott StAff writer
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ttorney Mark Geragos is famous for his roster of celebrity clients, his stints as a TV pundit and his loquacious style both in and out of the courtroom. But the mustachioed lawyer has a lesser-known side: Downtown Los Angeles real estate investor. In the past two years, Geragos and his invest-
A time out for the Sports Museum.
The Last Walk
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ment partner, attorney Brian Kabateck, have purchased two historic Financial District buildings: The former fire station at 644 S. Figueroa St., known as Engine Co. No. 28, which houses both lawyers’ offices, and the Fine Arts Building, an 82-year-old architectural gem at 811 W. Seventh St. They have invested more than $30 million in the two buildings. Now, Geragos and Kabateck are eyeing three
other potential acquisitions in the area and hope to buy something by the end of the year. All three are historic properties that would house offices and require minimal renovation. Geragos said he and Kabateck have an acquisition budget of $100 million. “Rental investments that are historically significant, that’s what we like,” said Geragos. “I’m in the see Geragos, page 26
A 30-Year LAPD Veteran Has Company On His Final Downtown Foot Beat by ryAn VAillAncourt StAff writer
Celebrate St. Patrick’s Day.
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17 CALENDAR LISTINGS 22 MAP 29 CLASSIFIEDS
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n the morning of Tuesday, March 3, four police cars were parked back-to-back in front of Clifton’s Cafeteria on Broadway as Officer Ray Carreon and nine other cops held court outside an adjacent jewelry store. “What’s this?” asked a curious passerby. “Safety in numbers?” Sort of. It wasn’t a crime scene. These 10 officers were in uniform, but their guard was down. Their mood was light. Laughter bounced as they engaged in a comfortable routine of
sidewalk banter. Officer Guadalupe “Shep” Ruvalcaba eyed his watch and, at 11 a.m., took out his radio as if he was expecting an important message. He held it out so Carreon would be sure to hear. “Attention all units, attention all units,” came the grainy voice through the radio. “This is an end-watch broadcast for Patrol Officer Ramon ‘Ray’ Carreon who’s retiring after 30 years of service to the Los Angeles Police Department.” The broadcast commemorating a retiring officer’s last day is a departmentsee Police, page 25
Since 1972, an independent, locally owned and edited newspaper, go figure.
photo by Gary Leonard
Last call at Bloom’s General Store.
Central Division Officer Ray Carreon on March 3, his final day on the beat after 30 years with the Los Angeles Police Department.