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Jonathan Goldstein (businessman)

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Jonathan Goldstein
Alma materUniversity of Manchester
Occupation(s)Solicitor and entrepreneur
Known for

Jonathan Goldstein is a British solicitor and entrepreneur. He is co-founder and CEO of the multinational investment firm Cain International, and a director and co-owner of Chelsea.

Early life and education

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Goldstein attended Ilford County High School, and later graduated from the University of Manchester with a degree in law, in 1987.[1][2]

Career

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Early career

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Following law school, he joined London-based multinational law firm SJ Berwin.[1][3] In 1992, Goldstein joined Olswang LLP, where, according to firm founder Simon Olswang, writing in 2016; he gained prominence as a "wunderkind",[4] becoming a partner at age 28, and then the youngest CEO of a London law firm, at age 32.[3] Goldstein led the firm's rapid growth and global expansion.[1][2][5] Olswang was then referenced as "the hippest law firm in town"[6] and was awarded "Law Firm of the Year", several times, by Chambers and Partners, during Goldstein's tenure.[1][3][6]

Guggenheim, Ronson and Heron

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After 15 years at Olswang, in 2007, he then joined Gerald Ronson's property company, Heron International, as managing director, later becoming deputy CEO.[7][8] In 2010, Ronson Capital Partners was founded, and Goldstein was appointed CEO. In 2013, he was appointed the inaugural head of European real estate and direct investments for global investment firm Guggenheim Partners.[9]

Cain International

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Main article: Cain International

In 2014, Goldstein co-founded Cain Hoy Enterprises with two other Guggenheim Partners alumni,[10] Henry Silverman and Eldridge Industries chair Todd Boehly,[2][11] with minority backing from Guggenheim Partners.[12] The firm rebranded to Cain International in 2017 and,[13] by 2023, had over $16 billion in assets under management across Europe and the United States.[14][15] The firm has invested in real estate throughout the United Kingdom, Europe and the United States.[16] Its first European real estate investment fund raised over €324 million.[17]

The company is an investor in hospitality brands such as Aman Group, Delano and the Beverly Hilton.[18] The company is developing One Beverly Hills,[19] a 17.5 acre site that will include the Beverly Hilton, the Waldorf Astoria and a planned Aman Hotel, Residences & Club.[20] Once completed, a pair of One Beverly Hills' residential towers will be the tallest buildings in Beverly Hills.[21] Cain also invested in the renovation of the Crown Building and construction of the Aman New York hotel on its upper floors.[22]

Cain has invested heavily in South Florida real estate, constructing high rise towers in Miami like the Missoni Baia, 830 Brickell and renovating the Delano Hotel.[23] It has also provided loans to real estate firms such as Related Group, Alta Developers,[24] Sumaida + Khurana, and Bizzi + Bilgili for the development of Miami real estate.[25] The company has also acquired the Prezzo restaurant chain and has invested in brands such as Swinger's mini golf chain.[26]

Cain purchased Firethorn Trust's UK logistics portfolio for £550 million in 2022,[27] receiving £420 million in financing from Blackstone Inc to develop it.[28]

Cain is developing a mixed-use development at The Stage, Shoreditch which will include commercial space, and a Museum of Shakespeare made in collaboration with the Museum of London Archaeology and Historic England.[29] In 2022, Cain loaned £261.5 million to Shinfield Studios for the construction of a 1 million sq. ft. production facility near Reading, Berkshire.[30]

Between 2022 and 2023, the company has formed partnerships to develop student housing in London, Portsmouth, Liverpool, Manchester, Nottingham, Birmingham,[31] Leeds and York.[32]

As of 2023, the company had originated over $8 billion in global debt following the acquisition of $1.2 billion in construction loans from PacWest Bancorp.[33]

Chelsea

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In 2022, Goldstein was part of a consortium of buyers who acquired Chelsea from billionaire Roman Abramovich.[34] The deal was finalized on May 30, 2022, and Goldstein became a director of Chelsea[35] In October 2022, Goldstein stated that Chelsea's ownership were looking to maximize the team's potential, and were in the early stages of planning to redevelop Stamford Bridge.[36]

Personal life and affiliations

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Goldstein was elected chair of the Jewish Leadership Council, in May 2017, for which he has been a vocal spokesman, and a critic of Labour leader Jeremy Corbyn,[37] in media[38][39][40][41] and while addressing a rally outside of Parliament, in March 2018.[42]

He chairs the Trust of the Chief Rabbi of the United Hebrew Congregations of the Commonwealth.[43] He is also a trustee of The Gerald & Gail Ronson Family Foundation.[44]

He resides in North West London, he is also co-president of Camp Simcha, a non-profit organization that provides practical and emotional support to Jewish families where there is serious childhood illness.[45] Goldstein was chair of the Jewish Leadership Council from 2017 to 2021.[46] He is also a former vice chairman of Jewish Care, and oversaw development on King Solomon High School and Ilford Jewish Primary School.[43] His maternal grandfather was a founder of Ilford United Synagogue.[1]

References

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  1. ^ a b c d e Rocker, Simon (26 October 2017). "Jonathan Goldstein: Setting a high bar for British Jewry". The Jewish Chronicle. Retrieved 22 October 2020.
  2. ^ a b c Law, Matt (12 September 2014). "Tottenham Hotspur takeover: The key players". The Telegraph. Retrieved 22 October 2020.
  3. ^ a b c "Global Conference 2019". Milken Institute. Retrieved 22 October 2020.
  4. ^ "Simon Olswang: My story". The Lawyer. Retrieved 22 October 2020.
  5. ^ "Jonathan Goldstein appointed as Head of Real Estate and Direct Investment for Europe for Guggenheim Partners". Jewish Business News. 15 January 2014. Retrieved 22 October 2020.
  6. ^ a b Cook, Stephen. "LAW WITHOUT GRAVITY: Olswang is the hippest law firm in Britain - a cool portfolio of communications clients; sleek, colour-coordinated Covent Garden offices; a fast-track promotion policy that gives women an equal run at the senior jobs. All very Ally Mc". Management Today. Retrieved 22 October 2020.
  7. ^ Herman, Michael (6 February 2007). "Olswang loses chief to Heron International". The Times. Retrieved 22 October 2020.
  8. ^ Edmond, Charolotte (5 February 2007). "Goldstein quits Olswang top role for client". ALM. Retrieved 22 October 2020 – via Legal Week.
  9. ^ "Goldstein heads Euro real estate push by Guggenheim". Real Estate Capital. 23 January 2014. Retrieved 22 October 2020.
  10. ^ Gittelsohn, John (28 June 2019). "Guggenheim Ex-President Boehly Sells Stake in Firm, Exits Board". Bloomberg News. Retrieved 22 October 2020.
  11. ^ Gibson, Owen (12 September 2014). "US investment group reveals interest in Tottenham". The Irish Times. Retrieved 22 October 2019.
  12. ^ Blirtz, Roger (25 September 2014). "Cain Hoy opts against Tottenham Hotspur bid". Financial Times. Retrieved 22 October 2020.
  13. ^ Rolt, Amber (3 July 2017). "Cain Hoy rebrands to reflect global outlook". Radius Data Exchange. Retrieved 22 October 2020.
  14. ^ "Casa Bella Residences By B&B Italia Locks Down Financing". Profile Miami. Retrieved 28 April 2024.
  15. ^ Tan, Gillian (12 June 2019). "Cain, Backed by Dodgers Owner, Eyes $500 Million for Debut Fund". Bloomberg News. Retrieved 22 October 2020.
  16. ^ Grossman, Matt (2019-11-06). "How Jonathan Goldstein's Cain International Made Its US Debt Debut". Commercial Observer.
  17. ^ Parsley, David. "Cain International raises €324m". Property Week.
  18. ^ Roger Vincent (2022-06-09). "Beverly Hills is getting an ultra-luxe hotel chain so exclusive you've probably never heard of it". LA Times.
  19. ^ "Beverly Hills getting ultra-luxe hotel chain". LA Times. 2022-06-09.
  20. ^ "Aareal Capital, Goldman Sachs Provide $500M in Refinancing for Alagem". The Real Deal. 2021-08-23.
  21. ^ "Site prep underway for $2-billion One Beverly Hills". Urbanize LA. 2024-01-02.
  22. ^ "Crown Building's Aman New York Hotel & Residences".
  23. ^ Woolridge, Jane (2021-02-26). "Why Vlad Doronin and Jonathan Goldstein are betting billions on Miami". Miami Herald.
  24. ^ Bandell, Brian (November 20, 2023). "Related Group, Alta Developers obtain $240M construction loan for condos starting at $1.2M (Photos)". SFBJ.
  25. ^ "Developers Secure $47M for Rare South of Fifth Office Building". Commercial Observer. 2023-12-21.
  26. ^ Ackerman, Naomi (2020-12-03). "Prezzo sold to Swinger's and AllBright owner Cain International". Evening Standard.
  27. ^ "Real estate developer Firethorn sells logistics assets". CityAM. 2022-03-02.
  28. ^ "Cain secures £420m Blackstone financing". Real Assets.
  29. ^ "Museum of Shakespeare exploring London's first theatre". The Independent. 2023-04-19.
  30. ^ McGuire, Laura (2022-05-10). "Cain loans £261.5m for Reading production studio". Property Week.
  31. ^ Bennett-Ness, Jamie (February 8, 2022). "Cain and Fusion joint venture to create £1.5bn PBSA platform". Property Week.
  32. ^ Norman, Paul (September 20, 2023). "Cain Teams Up With Israeli Group for £500 Million Student Homes Funding". Costar.
  33. ^ Natalie Wong and Steve Dickson (2023-06-09). "PacWest Begins Sale of $5.7 Billion Portfolio to Kennedy Wilson". Bloomberg Law.
  34. ^ "Complex, whirlwind Chelsea sale 'had it all'". www.sportsbusinessjournal.com. 27 June 2022. Retrieved 2022-07-28.
  35. ^ Fifield, Dominic. "Chelsea's new board: five billionaires, a music PR exec and a former tennis pro". The Athletic. Retrieved 2022-07-27.
  36. ^ Coley, Tom (2022-10-09). "Chelsea owners get £50m Stamford Bridge opportunity as new Boehly plans emerge". Football.London. Retrieved 2023-01-30.
  37. ^ Philpot, Robert (17 August 2018). "UK Jewish leader calls Corbyn premiership an 'existential threat' to community". The Times of Israel. Retrieved 22 October 2020.
  38. ^ de Freytas-Tamura, Kimiko (21 February 2019). "For U.K.'s Labour, Anti-Semitism and Corbyn Are as Divisive as Brexit". The New York Times. Retrieved 22 October 2020.
  39. ^ Golstein, Jonathan (1 May 2019). "I am tired of Labour MPs who condemn antisemitism one day and campaign for Corbyn's party the next". The Jewish Chronicle. Retrieved 22 October 2020.
  40. ^ Frazer, Jenni (26 October 2017). "Jewish News meets Jonathan Goldstein: 'I want a JLC that's far more collaborative than in the past'". Jewish News. Times of Israel. Retrieved 22 October 2020.
  41. ^ "Goldstein says Corbyn must change 'anti-Semitism behaviour' in Labour". BBC News. 25 April 2018. Retrieved 22 October 2020.
  42. ^ Horovitz, David (5 November 2018). "UK Jewish leader asks: Is the world changing for Diaspora Jewry?". The Times of Israel. Retrieved 22 October 2020.
  43. ^ a b "Businessman Jonathan Goldstein appointed to help run Chief Rabbi's fundraising". www.thejc.com.
  44. ^ "Meet the Team". Cain International. Retrieved 22 October 2020.
  45. ^ "JLC chair keeps it in the family for Camp Simcha role". The Jewish Chronicle. 9 October 2017. Retrieved 22 October 2020.
  46. ^ "Jonathan Goldstein steps down as Jewish Leadership Council chair". www.thejc.com.
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