- Los Angeles US-CA
- [email protected]
Through his work as founder and Managing Partner of real estate development firm Linear City, Paul Solomon made significant contributions to the revitalization of downtown Los Angeles’s Arts District. He launched Linear City in 1999, after leaving his job as a real estate attorney with Paul, Hastings, Janofsky & Walker. The year proved promising, for real estate developers interested in developing downtown L.A. when the city passed an ordinance that made the rehabilitation of commercial buildings financially attractive to investors. In 2001, Paul Solomon launched Linear City and began transforming outdated buildings into dynamic, multi-use living and working environments.Solomon’s role with the firm involved working with financial backers, tenants, and the communities in which Linear City sought to refurbish buildings. In addition to securing financing, he oversaw design plans, reported to investors, secured tenants for the buildings, and completed the entitlement process necessary to establish residential space in buildings previously zoned for only commercial activity. Both the Toy Factory Lofts and the Biscuit Company Lofts earned multiple awards for Linear City. The former held a value of under $5,000,000 when Solomon's firm purchased it and was valued at many multiples of that amount when his renovations were complete. The Biscuit Company Lofts underwent a similar transformation, and all the units in both properties quickly sold—the Biscuit Company’s within the year, even though renovation coincided with the onset of the recession, and the Toy Factory's within weeks of gaining a certificate of occupancy.In 2011, Paul Solomon founded redevelopment entity Seventh Diamond LLC, and he continues to redevelop significant older buildings into best-in-class lofts with blended residential and commercial purposes. Solomon holds a J.D. and M.B.A. from the University of Chicago. He enjoys golf, travel, nature, music, and photography in his leisure time.