Shaq dabbling in real estate

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Mark Lacter • September 19 2006 10:04 AM

He's just announced the formation of The O'Neal Group, which will be looking for partnerships and joint ventures involving real estate deals in L.A., South Florida and Louisiana. A press release notes that O'Neal has amassed a $50 million portfolio of residential and commercial property. The O'Neal Group's first investment is a stake in The Met, the billion-dollar mixed-use development in downtown Miami. Terms not disclosed. Just a month or so ago Shaq cut five-year deal with China-based Li-Ning Company to market a line of basketball shoes.

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