Fortune profiles John Arrillaga, Silicon Valley real estate tycoon

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.

 

Photo: Developers Richard Peery, left, and John Arrillaga in 2007. (Mercury News archives)

Pete Carey Pete Carey (17 Posts)

Pete Carey covers residential real estate and occasionally reports on tech companies. He wants your tips on market trends, oddball features and things that need investigating..