Former co-CEOs Michael Frankel and Howard Schwimmer\u2019s total compensation last year was valued at about $26 million each. A lot of that was severance pay \u2026 the two received restricted stock valued at more than $22 million, which were \u201cissued in lieu of cash severance in the event of termination without cause,\u201d per the proxy. They earned $2 million cash bonuses, and their base salaries were unchanged at a million dollars.\u00a0<\/p>\n
Chief executive Laura Clark, pre-corner office, had a total compensation valued at about $9.5 million. That was mostly stock awards but included a one-time check for $200,000 for emergency temporary housing expenses after the Jan. 2025 wildfires, which displaced Clark. Her base salary was $700,000. She\u2019ll take home more next year, but less than her predecessors \u2014 her base will be $850,000, and she\u2019ll have lower cash incentives. Clark, on the industrial REIT\u2019s last earnings call, mentioned Rexford was realigning executive compensation with shareholders\u2019 expectations (no doubt a sign Paul Singer\u2019s Elliott is cleaning house<\/a> after becoming one of the largest shareholders).<\/p>\n Next is Kilroy. CEO Angela Aman\u2019s total compensation last year was valued at $7 million \u2014 which consisted of about $800,000 base salary, more than $4 million in stock awards and a nearly $2 million performance-based cash bonus. It all adds up to less than her $11 million total compensation in 2024, which included a one-time equity boost to get Aman to take the gig, as The Real Deal previously reported<\/a>. (Aman recently joined the Los Angeles real estate crew backing Matt Mahan, the NorCal mayor and California governor hopeful, with a $10,000 donation<\/a>.)<\/p>\n Stay tuned for more on CEO pay in L.A.\u2019s real estate landscape.<\/p>\n Bankroll<\/p>\n In case you missed it, more details surfaced on an all-cash offer that\u2019s in wings on Oceanwide Plaza as its bankruptcy sale process grinds on. The foreign investment group is still unknown, but we know the entity and Sean Burton have an agreement for his Cityview to be a fee developer. Read more about the saga of downtown Los Angeles\u2019 inescapable eyesore here<\/a>.\u00a0<\/p>\n Billionaires and their schools<\/p>\n James Cameron, who wrote and directed Avatar, sold a 22-acre campus in the Santa Monica mountains, a press release announced earlier this year. Records reveal the buyer is Shalom Institute, and the price tag was $7.5 million. StoneHarbor Capital\u2019s Steve Wiseman brokered the deal. The Calabasas campus at 1666 Las Virgenes Canyon Road was a holistic private school of sorts founded by the famed filmmaker\u2019s wife Suzy Amis Cameron. It\u2019ll become the Shalom Institute Calabasas Campus, per the camp\u2019s website.<\/p>\n Lease week<\/p>\n On Avenue of the Stars: Atar Capital inked a headquarters lease at 1950 Avenue of the Stars, one of the few new office developments in Los Angeles \u2014 JMB\u2019s 37-story tower, which is said to be pretty pricey on rents, if not the priciest in all L.A.\u00a0<\/p>\n The unfinished tower is commanding lease rates in excess of $10 per square foot per month, the Los Angeles Times previously reported.\u00a0<\/p>\n Atar Capital plans to ditch its offices at 1999 Avenue of the Stars \u2014 and according to a person familiar with the matter, the 1950 half-floor lease is around 11,000 square feet. That would put the private investment firm\u2019s lease at more than $1 million a year.<\/p>\n On Figueroa: On Location, a curated guest experience outfit, signed 108,000-square-foot lease at 445 South Figueroa Street. That is six floors at Washington Capital Management\u2019s Union Bank Plaza. The Olympics were mentioned multiple times in the announcement, which appears will be the case whenever anyone is talking about downtown come 2028.\u00a0<\/p>\n It\u2019s unclear how much that tower commands but the average ask downtown is less than $4 per square foot per month (the Century City average is about $7.50), according to the latest Savills research. Again, rough math here using the typical rental rate, but On Location\u2019s lease could run the company almost $5 million a year.\u00a0<\/p>\n Let\u2019s make the comparison fair, though. If the Atar Capital lease was 108,000 square feet, too, and we calculated the price using Century City\u2019s typical rental rate, it would come out to almost $10 million a year. That tells you all you need to know about Century City versus downtown Los Angeles.<\/p>\n \tRead more \t\t\t\t\t\t\t\t\t\t\t\t\t Rexford sells real estate while former co-CEO sells shares\u00a0<\/p>\n \t\t\t<\/a> \t\t\t\t\t\t\t\t\t\t\t\t\t Hudson Pacific CEO gets threefold compensation boost despite firm\u2019s ballooning losses<\/p>\n![\"James](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/LA-CRE-weekend-wrap2.jpg\")
James Cameron and 1666 Las Virgenes Canyon Road (StoneHarbor Capital, Getty)<\/p>\n
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