SOLD
BUYER
Izek Shomof Of Shomof Group Purchases 24-Story Office Tower In Long Beach For $50M
Office$108 PPSF460K sqf
Izek Shomof
Chief Executive Officer at Shomof Group
$50M
Sold
1
Closed
460K
Area
About
Izek Shomof of Shomof Group is the first developer to utilize the City’s Adaptive Reuse Ordinance. Izek Shomof of Shomof Group has been converting historic downtown Los Angeles office buildings into dynamic live-work lofts featuring retail spaces, sidewalk cafes, independent boutiques, bars and restaurants since 1999. As one of the first to recognize the potential of a revitalized Historic Core, Shomof Groups’ housing conversions helped set the stage for downtown’s remarkable renaissance, sparking the ongoing influx of new residents and businesses to the historic heart of the city we’re still witnessing today. At the same time, the Shomof Group started acquiring and developing low-income housing, as well as providing supportive services for the growing homeless population. In addition to their impressive array of historic downtown properties, Shomof Groups’ real estate portfolio also extends throughout Los Angeles, Long Beach, Orange County, the San Fernando Valley, and Las Vegas with a specialty in low-income and supportive housing. The Shomof Group takes pride in their work to improve the life of a building and the quality of life for all tenants regardless of their... Read More
Member since: November 2025