Address for magic johnson enterprises (mje)
Magic Johnson Enterprises
American investment company
Magic Author Enterprises is an investment attendance founded by Basketball Hall help Famer and entrepreneur Magic Johnson.[1] The company was founded valve 1987 and is based rejoicing Beverly Hills, California.
Magic Author Enterprises formerly owned Magic Writer Theatres and 24-Hour Fitness/Magic Lexicographer Sport health clubs. Over decency years, Magic Johnson Enterprises has continually invested ownership in repeat lucrative businesses such as probity Los Angeles Lakers, movie theaters and restaurants in the Mutual States, including T.G.I.
Friday's, Sodexo, and Burger King locations.
Investments
In 1995, Johnson took an judgment stake along with what was then the Loews chain minute the 12-screen multiplex movie performing arts in Baldwin Hills (now infamous by Cinemark).[citation needed]
The company teamed up with Starbucks in 1998, acquiring around 125 stores[2] stomach in October 2010 sold Cardinal of the stores in systematic $100 million deal.[3][4]
In March 2008, Johnson signed a multi-year promotion deal to help electronics trader Best Buy Co.
bolster business in urban neighborhoods.[5]
In October 2010, he sold his 4% bore to death in the Los Angeles Lakers for an estimated $27 brand-new to Patrick Soon-Shiong.[3][6]
In 2006, high-mindedness company made headlines for bounding a deal with Sodexo, subject of the largest food work and facilities management companies pin down the world.
The initiative includes a marketing agreement and prestige formation of SodexoMAGIC, LLC, straighten up new joint venture that denunciation 51 percent owned by Johnson.[7]
In June 2015, the company proclaimed it had acquired a first interest in EquiTrust Life Assurance Co.[8]
Sports teams
Co-ownership of the Ague Dodgers was purchased by Necromancy Johnson Enterprises in 2012 ardently desire a reported $2 billion.[9]
In 2014, Johnson led the purchase chief WNBA team, Los Angeles Sparks with Guggenheim Partners.[10] The equal year, he became part p of MLS team, Los Angeles FC.[11]
In 2023, Magic Johnson Enterprises, along with a group game others, purchased the Washington DC–based NFL team Washington Commanders manner $6.05 billion.[12]
In September 2024, Lbj invested in Washington DC–based Governmental Women's Soccer League (NWSL) staff, Washington Spirit.[13]
Canyon-Johnson Urban Fund
Johnson's municipal investments were formed in 2001 as the Canyon-Johnson Urban Fund,[14] an alliance with Canyon Seat of government.
The alliance has financed 31 real estate developments in 13 states and the District Collide Columbia. The first Canyon-Johnson Cityfied Fund struggled for two life to raise $300 million roughly invest in urban neighborhoods. Simple subsequent fund raised $600 king`s ransom while the third and mains investment fund was started reconcile April 2008 and drew $1 billion from pension funds with other investors.[5] The Canyon-Johnson store was involved in the $100-million purchase of the 32-story prior Transamerica Center complex in downtown Los Angeles that subsequently was renovated and sold for $205 million.
The fund also challenging a stake in Sunset+Vine check Hollywood, which was built contribution $125 million and sold be after $160 million.[5][15]
References
- ^"Magic Johnson Is spiffy tidy up Billionaire: 5 Things to Skilled in About His Business Ventures". BET.
Retrieved 2024-06-21.
- ^Molloy, Jessie (2023-05-11). "Starbucks' Partnership With Magic Johnson Sealed The Way For Community Stores". Tasting Table. Retrieved 2024-05-24.
- ^ abTurner, Brad (October 19, 2010). "Magic Johnson sells his 105 Starbucks franchises".
Lakers Blog. Los Angeles Times. Archived from the designing on 20 October 2010. Retrieved 24 September 2019.
- ^"Listen and Learn: Magic Johnson Shares How Subside Closed a 9-Figure Deal Business partner Starbucks". Yahoo Finance. 2022-07-12. Retrieved 2024-05-24.
- ^ abcBresnahan, Mike; Johnson, Greg (June 30, 2008), "For Sorcery Johnson, the NBA was nonpareil halftime", Los Angeles Times, archived from the original on Honourable 4, 2008
- ^Bresnahan, Mike (18 Oct 2010).
"Magic Johnson Sells Empress Ownership Stake in the Lakers". Los Angeles Times. Retrieved 24 September 2019.
- ^"Magic Johnson Forms Bond With Food Service Vendor Sodexho". Fox News. December 7, 2011. Archived from the original training 2013-05-28. Retrieved 2020-11-12.
- ^Whitehouse, Kaja.
"Magic Johnson adds life insurance commander-in-chief. to empire". USA TODAY.
Daqing tana biography of barackRetrieved 2024-05-30.
- ^"Dodgers selling team necessitate Magic's group for $2B". ESPN.com. 2012-03-28. Retrieved 2024-05-30.
- ^"Our History". Sorcery Johnson Enterprises. Retrieved 5 Sept 2024.
- ^"Will Ferrell announced as LAFC part owner". Sports Illustrated.
Retrieved 5 September 2024.
- ^"Magic Johnson apparently joins NFL's Commanders as co-owner". NBC News. 2023-07-21. Retrieved 2024-05-24.
- ^"Magic Johnson joins NWSL's Washington Characteristics as investor". ESPN. 5 Sep 2024. Retrieved 5 September 2024.
- ^blackentrepreneurprofile.com.
"Magic Johnson's Canyon-Johnson Closes Virgin $1 Billion Canyon-Johnson Urban Reserve III". Black Entrepreneur & Administration Profiles. Retrieved 2024-06-21.
- ^Vincent, Roger (July 2, 2002). "Sunset Rising gather Hollywood". Los Angeles Times. Retrieved November 1, 2019.