Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles is proud to announce that Dr. Melanie Lundquist, LHD, one of Californias most generous and fearless philanthropists, has joined the AltaSea Board of Trustees; and Dr. Geraldine Knatz, Ph.D., former executive director of the Port of Los Angeles and AltaSea board member since 2018, will lead the organization as board chair. Gross or any of his family members so we cant shed even a flicker of light on what his plans may be for his three-house compound, which spans a total of 1.24 acres and has nearly 24,000 square feet of interior space between the three structures. The two slowly became friends and over time they started dating. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. Melanie and Richard Lundquist are agents of change and two of Californias most significant philanthropists. During the pandemic, he co-developed and opened the 5.7-acre Del Rey campus, the newest office campus on the Westside of Los Angeles, where Electronic Arts the pioneering video game company is the anchor tenant. Founded in 1887, McPherson College is set on a 27-acre campus in McPherson, Kan., one of the top 100 small towns in the U.S. and offers 30 majors and pre-professional programs. Thats a net gain of about 50 after about 200 are closed in the older seven-story Central Tower, which will be emptied from the fourth floor up once the new facility opens, Leach said. Other nearby Indian Wells neighbors include a multitude of billionaires: worlds richest man Bill Gates, industrialist Charles Koch, Montanas richest man Dennis Washington, Texas ranch/oil heiress Anne Windfohr Marion, and Mercedes-Benz heiress Ingrid Flick. The nonprofit grew out of Melanie Lundquists search to find an organization or a program that would work steadily over time to repair and transform what she views as the nations broken school systems. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. On June 3, 2014, the large, multi-winged house directly across the street from Mr. Grosss house unexpectedly sold for a very serious $19,800,000. Geraldine Knatz is Professor of the Practice of Policy and Engineering, a joint appointment between the University of Southern California Price School of Public Policy and the Viterbi School of Engineering. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular rooms. Gross took a $2.2 million loss on this one, not counting demolition fees and all those other costs involved with buying and selling a property of this magnitude. Well, now you have. Melanie Lundquist said that without a teaching hospital, residents of the South Bay dont always have access to the most advanced medical care. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Also on 17 Mile Drive and just a few doors away is a house that was sold for a county-record-smashing $31,250,000 in late 2014 to Arkansas-based billionaire Warren Stephens and his wife Harriet. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. But Saturdays grand opening for the 390,000-square-foot tower will include nurses in vintage uniforms and appearances by actors playing hospital founders Jared Sydney and Helena Torrance. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. They had very good reasons not to believe in us.. No big parties, just more big philanthropy, says Melanie Lundquist. The couple, who just signed the Giving Pledge last month, say their future philanthropic plans include giving much of their wealth away during their lifetimes (they declined to reveal their net worth), and they plan to continue to give big to the two causes they care about most. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Yolanda, of course, opened her own investigation and it only took a couple minutes of research before we discovered (and as you probably already guessed) that this White Tiger Trust is very easily connected to the man himself William H. Gross, aka Bill Gross. Do you have info to share with HuffPost reporters? Gross is now with a much-smaller firm: Janus Capital. The Lundquists have also led efforts to invest in solutions to climate change through AltaSea at the Port of Los Angeles and critically important marine mammal research at the Marine Mammal Center, the largest marine mammal hospital in the world, located in Sausalito, Calif. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. The Lundquists relationship with McPherson College started in 2014. Her grandfather, a migrant to this country, became a successful business owner and was a member of the Los Angeles Merchants Association, the group that founded what would later become the City of Hope. Lundquist is a member of the University of Southern California (USC) Presidents Leadership Council and Vice Chair of the Board at the Partnership for Los Angeles Schools. The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. I am looking forward to rolling up my sleeves and helping implement their Community by Design campus expansion plans. Lundquist is President & CEO of Continental Development Corporation, one of the most respected owners and developers of Class-A commercial, office, hotel and retail real estate projects in California. A decade ago, they pledged. (Thomas R. Cordova / Staff Photographer), Craig Leach, President and CEO of Torrance Memorial Medical Center, stands overlooking the Lundquist Tower, a new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. That commitment to others is what inspires us as well. AltaSea has attracted some of the most incredible, forward-thinking, and innovative leaders to our board, so to add someone of Melanies significant stature reinforces once again that our work is meaningful and continues to resonate with those who see the benefit in ocean-related solutions to climate change in the fields of business, science, and education, said AltaSea President and CEO Terry Tamminen. Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. Melanie Maring Lundquist Net Worth What's Melanie Lundquist's mailing address? Can virtual reality reduce high blood pressure at a church in South L.A.? Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. No kidding. Mrs. Lundquist and her husband Richard own the Continental Development Corporation which has developed and manages 4 million square feet of premium office, research and development, commercial, retail, restaurant and entertainment properties, including the Intercontinental Hotel in San Francisco, the 30 acre Sky-Park medical Facility in Torrance, CA; and various upscale shopping plazas around Southern California. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. Melanie holds undergraduate and graduate degrees from USC in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. They werent necessarily focused on fixing the school system in their own backyard, but when they hosted a political fundraiser in 2004 that Villaraigosa attended, Melanie Lundquist asked him what his top priorities would be if he won the mayoral race. Hes also, duh, a major lover of luxury real estate. Senator Jerry Moran. Every day, we look out over the ocean and know that the answer to a lot of the earths challenges is out there somewhere. 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More unemployment meant fewer people with medical insurance, while advances in medical technology and more restrictive policies from insurance companies have reduced in-patient stays, affecting profitability, he said. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. Melanie holds undergraduate and graduate degrees from the University of Southern California in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. Knatz has also chronicled the fascinating history of the City Dock No. Public dollars alone can no longer sustain our society. Their Building Community fundraising campaign was launched in October 2019 with a goal of $20 million, which was met 2 years ahead of schedule in December 2020. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. But if there was a house there, it was demolished faster than yall can snap your fingers twice. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. Although Torrance Memorial already is the largest acute-care hospital in the South Bay, the new tower will increase the total number of beds to 446. The Richard and Melanie Lundquist Fellows Program started in 2010, based on Partnership co-founders Richard and Melanie Lundquists vision to help identify and support future leaders in the Partnerships middle schools and high schools. Those first gifts happened, says Richard Lundquist, because in the years leading up to them, the couple saw continuity and consistency in the ways the hospitals leaders operated, and in its decades-long financial health. She served for 10 years (2007-2017) on Californias Ocean Protection Council from 2007 to 2017, first appointed by Governor Arnold Schwarzenegger and reappointed by Governor Brown. Then Mr. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. The Lundquists relationship with McPherson College began in 2012, when Melanie donated tool sets to the schools Automotive Restoration program in honor of Richards birthday. McPherson College is proud to honor Melanie and Richard Lundquist for their body of work that has driven systemic change in so many ways, said Michael P. Schneider, president of McPherson College, who conferred the degrees virtually earlier this month. Their contributions to the medical center and the Partnership for Los Angeles Schools reveal an overriding aspect that surrounds most of the Lundquists giving: They prefer to devote their biggest donations to groups they seek out and get to know over time, and they want those donations to have a big impact on the organizations and people they are trying to help. Mr. We want our name to be temporary, so if somebody comes along and donates as much as weve put in plus $1, they can take our name down.. As we mentioned earlier, Mr. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Second of all, that it felt warm and welcoming. I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. Our philanthropic journey has been our richest experience. Get the latest scoop directly in your inbox. Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. It dawned on me about 20 years ago that if I had a heart attack at 4 p.m. in the afternoon I was DOA if I had to go to Cedars, said Lundquist, who lives in Palos Verdes Estates. Its the biggest event for Torrance Memorial since 1971, when the hospital moved from the Old Torrance site where it was founded in 1925, financed by $100,000 bequeathed by the citys founder in his will. Thank you to the Lundquists for their generous gift to McPherson College. Improve Los Angeless most underserved public schools. Then, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. The conferral of the honorary doctorates recognizes the Lundquists unique mission to leverage their philanthropic commitments to affect significant and measurable impact through driving systemic change, focusing on areas where their gifts can change systems as well as fortunes, not just make incremental progress. There are perks for donors who contribute more than $150,000. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. Gross is well-known for his very, very healthy appetite for luxury real estate. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. For frequently asked questions please click here. Richard earned his Bachelor of Science Degree from the University of Southern California. Back in 2002, Mr. & Mrs. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. We are unable to fully display the content of this page. Then theres Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. Once javascript and access to those URLs are allowed, please refresh this page. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. David G. Booth, . She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. Heres how. In July 2009, near the height of the recession, Mr. & Mrs. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. The remainder of the tower is devoted to patient rooms, including 48 intensive care units. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, the nations most prominent bond investor, the best fairway on what is perhaps one of the worlds most famous golf courses, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, CaptainSparklez Price Chops Mullet-Style WeHo Aerie, Sean Penn Romances Julia Roberts at a Landmark Reseda Restaurant in 'Gaslit', New York Hedge Funder Lands Classic Santa Monica Home. It, and hes not our donor is as fearless as her charity work 's new seven-story, 480! 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