Cain hired a heavy hitter for its massive One Beverly Hills development.
Jonathan Goldstein’s privately held investment company appointed Bob Graziano as chief strategy advisor. Graziano, a former J.P. Morgan Chase vice chairman and former Los Angeles Dodgers president, will focus on the $10 billion One Beverly Hills.
He’ll consult on the development, partnerships and execution, and work with the Aman Resorts team, the luxe brand whose all-suite hotel anchors the development with its first-ever West Coast property.
One Beverly Hills is a 17.5-acre residential, hotel and retail development at the intersection of Santa Monica and Wilshire boulevards, near Rodeo Drive.
The complex will have the two tallest towers, Aman-branded, in the wealthy enclave.
Construction only recently went vertical, years after it was publicly proposed. Set for a phased completion beginning 2027, the development will connect to the Beverly Hilton and Waldorf Astoria Beverly Hills and include acres of gardens and open space.
“Cain’s investment in One Beverly Hills aims to deliver significant economic, civic and cultural benefits for our community,” Graziano said in a statement. “That feels especially powerful as we look ahead to welcoming the world to Southern California in the coming years for the 2028 Olympics.”
Graziano spent 18 years with the Dodgers, and also spent more than a decade at Chase, where he oversaw the private banking business for ultra-wealthy clients. Currently, he chairs the Los Angeles Sports & Entertainment Commission and is on the World Cup and Superbowl host committees. Those two mega-events are ahead of the Olympics.
Cain Managing Director Larry Green, who helms the One Beverly Hills development, said Graziano’s “leadership, relationships and deep understanding of Los Angeles will be invaluable.”
One Beverly Hills has secured tenants including Italian fashion house Dolce & Gabbana, Italian food hall Casa Tua Cucina, and Mexican-Japanese fusion restaurant Los Mochis.
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