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Article: Magic's next act: business empire set for major expansion. (Earvin Johnson to expand businesses)
- Article from:
- Los Angeles Business Journal
- Article date:
- April 6, 1998
- Author:
CopyrightCOPYRIGHT 1998 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Since retiring from pro basketball for good in 1996, Earvin "Magic" Johnson has gained national acclaim for his successful chain of inner-city cinemas and shopping centers.
But like an NBA team preparing for the playoffs, Johnson is about to take his game - that is, his business career - to a new level of intensity.
Johnson, who oversees about half a dozen companies from his offices in Beverly Hills, is launching major new ventures in development, sports and entertainment. including:
Shopping centers. With a $50 million commitment from the California Public Employees Retirement System (which could grow to $200 million), Johnson Development Corp. plans ...