Ron Burkle

Ron Burkle lists Bob Hope’s former estate in Toluca Lake

Billionaire investor Ron Burkle has listed the restored Toluca Lake estate of comedian Bob Hope for $29 million. The longtime home of the late Bob and Dolores Hope at 10346 Moorpark St. has been revamped, but still features amenities beloved by the famed comedian, including his wood-paneled office, joke storage vault and a 3-par golf hole replete with bunkers, the Wall Street Journal reported.
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Billionaire Ron Burkle buys beachside

Billionaire investor Ron Burkle has picked up a nearly century-old beachside cottage in Malibu for $13.5 million. The Montana-based resident from Los Angeles bought the 2,502-square-foot Malibu Colony retreat at 23708 Malibu Colony Rd., reported. The 5 bedroom, 4.5 bath house had been owned by the late artist and...

Judge Allows Ron Burkle to Take Spyglass to Trial

Spyglass Media Group, the entertainment outfit set up in the wake of the downfall of The Weinstein Co., appears headed to trial to defend itself against Ron Burkle, whose investment firm is still smarting from being cut out of a $289 million acquisition three years ago. On Tuesday, a Los Angeles judge gave a green light in a summary judgment ruling for Burkle’s Yucaipa Cos. to proceed on contract claims, if not fraud. Back in 2017, sexual misconduct accusations against Harvey Weinstein sent his eponymous film and television company into a tailspin. Burkle had heavy interest in acquiring TWC, but he...
Commercial Observer

Billionaire Ron Burkle Picks Up American Stock Exchange Building for $155M

Billionaire Ron Burkle — the owner of the Pittsburgh Penguins, the Soho House and Michael Jackson’s Neverland ranch — added the American Stock Exchange Building to his portfolio. Burkle’s private equity firm Yucaipa Companies bought the 14-story Financial District building at 86 Trinity Place from Clarion Partners for $155 million,...

Ron Burkle Fights Mortenson, CAA Lawsuits in Wake of MLS Retreat

Pittsburgh Penguins co-owner Ron Burkle’s abandoned attempt to bring the 30th MLS franchise to Sacramento has instead brought him legal troubles. Burkle, who owns the Penguins with Mario Lemieux, has been sued by two companies—M.A. Mortenson and CAA Icon—that contend they’re owed millions of dollars for work performed in anticipation of constructing a new stadium. Yet those companies didn’t sign contracts with Burkle or other named defendants, including Burkle’s investment arm, The Yucaipa Companies. Court records indicate that Burkle’s attorneys haven’t yet answered the complaints, which consist of unproven allegations. Answers and motions to dismiss will likely be filed in the...
Daily Beast

Billionaire Ron Burkle Makes Another Enemy

In the mid-1990s Ron Burkle—the billionaire currently being sued over a botched Major League Soccer deal—was approached by an upstart investor named Bill Browder, who was trying to raise money for a hedge fund based in Russia. Browder, an American living in London, had struggled to find a deep-pocketed partner....
Sacramento Bee

Ron Burkle sued – again – over stadium after abandoning Sacramento, Major League Soccer

The lawsuits are starting to pile up on Ron Burkle after the billionaire investor bailed out of Sacramento’s Major League Soccer effort. M.A. Mortenson Co., a Minnesota-based construction company that was supposed to build Sacramento’s MLS stadium, sued Burkle and his business partner Matt Alvarez last week, demanding nearly $1.4 million for unpaid bills.