If Silicon Valley real estate billionaire John Arrillaga were starting out today, he knows where he d invest – the Bay Area for sure, according to his son-in-law Marc Andreessen as quoted in a Fortune Magazine profile.
Arrillaga and his partner, Richard Peery, launched their real estate development business in the early 1960s with $2,000 (about $15,000 today) and some financing assistance from others, according to Fortune. They bought orchards and developed them with tilt-ups for the tech buyers they were confident would come.
Now Arrillaga spends half the week shuttling between 11 current projects he s bankrolling at Stanford University, where he is a major donor.
