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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.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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One last Florida photo
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.