Irvin J. Kahn (1916-1973) is an American lawyer and real estate developer who played a major role in the expansion of the City of San Diego in the 1950s, 1960s, and 1970s. He received frequent press coverage for his ongoing role in developing Clairemont, University City and Rancho PeÃÂÂ ± asquitos. He is also famous for having built one of the first skyscrapers in downtown San Diego.
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Born in 1916, Kahn was the son of Abraham J. Kahn, a Russian Jewish immigrant who settled in San Diego in 1922. Abraham ran a dark trade business during the ban, which he transitioned into a successful liquor import business after the end of the ban. Irvin has two younger brothers - Julius and Yale.
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Careers
Observing his father's frequent lawsuits with the courts because of his past, Irvin was inspired to pursue a career as a criminal defense attorney. Irvin Kahn started his professional career as a defense attorney representing a number of top clients, including several local unions. He also works as a lobbyist in municipal affairs, representing the Cab Veteran Company in their efforts to increase the number of taxi licenses issued by the City of San Diego. In the late 1940s, Kahn became one of the owners of San Diego Padres, then a minor league team in the Pacific Coast League. (The sale was delayed for several years due to concerns over his father's bookkeeping activities and Yale's professional gambling.) Although he had been opportunistically gaining ground throughout the 1940s, Kahn's first major real estate development project was the 312-unit apartment complex at Point Loma. , started in 1951 as part of a 9,000-unit military housing initiative in San Diego.
Development Project
Beginning in the mid-1950s, Irvin Kahn began receiving frequent press coverage due to his high profile development activities. Between 1952 and his death in 1973, Kahn embarked on a series of large and small development projects that by some estimates involved 25% of all the land that could be developed in San Diego City. Kahn's first major project is the Clairemont Sub-section. The project was initiated by Carlos Tavares and Lou Burgener in 1950, but Kahn took a leadership role in the venture in 1955. He was responsible for the development of the Clairemont Shopping Center as well as hundreds of new housing units built in the late 1950s. He also launched a development project in Chula Vista and La Mesa during that time.
In the early 1960s, when Clairemont's sub division had reached a settlement, Kahn turned his attention to the nearby University of the City. He partnered with Carlos Tavares and brought developer Louis Lesser as a minority partner to develop about 4,400 hectares.
In 1962, Kahn acquired approximately 14,000 acres Rancho PeÃÆ'Â ± asquitos with financing from Sixty Trust, employee retirement funds from the Textron, Inc. aircraft manufacturer. (Rancho PeÃÆ' Â ± asquitos is one of only a few large farms still operating within the city limits.) Kahn plans to develop the land into a $ 1 billion housing development with golf courses, apartments, single-family homes, retired housing, and shopping center. Kahn's vast vision drives a series of additional planning processes that create long delays for the project, with the San Diego City Planning Commission voting to delay consideration of Kahn's division plan for several years until master plans can be developed for the area. In 1965, the project was in danger of foreclosure and required additional financing. Kahn recruited the help of Louis Lessor in obtaining funding from the Teamster Pension Fund through Lessor's relationship with Morris Shenker, who is the goalkeeper for Pension Fund investments. Shenker set up a $ 10 million mortgage from the Mercantile Trust Company National Association and an additional $ 3.5 million in funding from the Teamsters Pension Fund. Instead, the Pension Fund Teamsters received the first deed of trust on Rancho PeÃÆ' Â ± asquitos, and a 20% stake in the development company Rancho PeÃÂÂ ± asquitos.
In the early 1970s, additional capital was required to finance the large-scale development that was expected to take place in the 1970s - Kahn's plan involved creating a home for more than 150,000 people. Although Kahn was able to refinance the project, his sudden death in 1973 made the plan threatened. The vision for Rancho PeÃÆ' Â ± asquitos shifted significantly after Kahn's death, with larger large family homes taking the place of apartment complexes and small channel housing that Kahn had imagined. Today Rancho PeÃÆ'Â ± asquitos is home to about 55,000 residents, slightly more than a third of the size of the community that was originally envisioned.
Bowling Alley & amp; More Projects
In addition to Clairemont, University City, and Rancho PeÃÆ'Â ± asquitos, Kahn is involved in a number of important projects in City of San Diego history. In the late 1950s, he participated in smaller development projects in Chula Vista and La Mesa and became a vocal advocate for "Shattuck's Plan" to turn Horton Plaza into a meeting hall. In 1960 he was part of a group of developers who collected a $ 4 million loan for low-income housing in Mexico. Also in the early 1960s, Kahn founded two 'skyscrapers' in the City Center. At that time they were the two tallest buildings in San Diego, which were only surpassed by the El Cortez (1927) hotel and the Executive Complex (1963). Kahn built a bowling club and a nightclub in El Cajon with Louis Lesser, and eventually expanded his bowling hold to include 11 alleys. He also developed two resort resort properties on Shelter Island, the first of their kind in a small strip of reclaimed land adjacent to the canning of Point Loma, and is Chairman & amp; CEO of Continental Connector Corporation, in charge of Dunes Hotel, Casino & amp; Country Club. In addition to San Diego, Kahn participates in real estate development activities in San Francisco, Arizona & Nevada.
Contribution of Pension Fund Timsters
Beginning in the mid-1960s, Kahn financed its ambitious development projects with loans from the International Brotherhood of Teamsters' Central States, Southeast and the Southwest Areas Pension Fund, which led to it under the supervision of the FBI and the IRS. The newspaper after his death reported that an IRS trailer was parked semi-permanently outside the company's headquarters, reviewing accounting books from many of Kahn's businesses. (Despite the overall review, the IRS effort has only a little aggravating information other than Kahn's tendency to wait until the last minute to pay the bills.) Similarly, the FBI monitored Kahn's activities for several years and stormed the "high-risk gambling ring" at the Murrieta Hot Springs- his. (The attack 'captures' dozens of elderly female spa guests who have played mah-jong and bridge, a result humorously covered in the contemporary press.)
Personal life and death
Kahn married Eleanor Barlin (1925 - 2011); they have one son, Samuel "Sandy" Kahn. Kahn died suddenly in September 1973 from a heart attack while watching Ali-Norton's battle on closed-circuit television. At the time of his death, he owed almost $ 180 million to the Teamsters Pension Fund (nearly $ 1 billion in 2015 dollars), making the Organization Irvin Kahn & the largest investment subsidiary of the fund. 19-year-old Kahn's son, Samuel, then a freshman, takes over the companies and settlement of the estate, releases Kahn's family company from their association with The Teamsters and refocuses on less-risky real estate development activities.
References
External links
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Source of the article : Wikipedia
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