Richard Weintraub

President and Chief Executive Officer, Weintraub Real Estate Group

Weintraub is known around L.A. as a prominent investor who sold a restaurant property to Larry Ellison, co-founder of Oracle, and built some of the city’s flashy, high-profile homes and resorts. 

He and “Million Dollar Listing Los Angeles” Compass agent Josh Flagg are mulling a couple of retail development possibilities in Southern California, Weintraub recently told The Real Deal. Weintraub has plans to build a massive hotel in Malibu, which is in the planning process, according to the City of Malibu. 

Since establishing Weintraub Real Estate Group in the early 1990s, the firm has acquired, entitled, developed or redeveloped properties worth over $1 billion throughout Los Angeles County and the Southern California region. The firm’s luxe Malibu residential projects include La Villa Contenta and a 7,200-square-foot beachside mansion Weintraub sold in March to the billionaire venture capitalist Marc Andreessen for $45 million. Weintraub handled the Malibu Lumberyard conversion into a luxury shopping center in Malibu and the 600-unit Warner Center Apartment complex built on a former boat building lot in the San Fernando Valley. 

Weintraub, who rented out his La Villa Contenta estate to Beyoncé and Jay-Z and later sold it for $50 million to Behdad Eghbali, went to work at 13 years old for an uncle who owned commercial properties in Downtown L.A. He then worked for Democratic state senator and developer Alan Robbins, followed by George Moss, a commercial developer who made a fortune building along freeway exits.