According to a Bay Area News Group and reported by the Mercury News, Brown has more in common with Warren Buffett than he does St Augustine, in that they know how to talk to the common folk. Dan Schnur, a onetime GOP strategist who now directs the University of Southern Californias Unruh Institute of Politics, contends, Jerry Brown has obviously attended the Warren Buffett school of public relations. Hes certainly not anywhere near as wealthy as Buffett, but they both understand the benefits of talking about their personal frugality as a way of connecting with people who dont share their financial means. Not quite in the same league as the “Oracle of Omaha,” Brown has developed a handsome portfolio over the last decade. The News reports that during his current term as governor, Brown invested in an $11 million office building near Oakland International Airport which is being considered as a possible venue for Coliseum City, a large redevelopment venture that could include new baseball and football stadiums. Moreover, Brown is part of a consortium that began construction this year of a 100-unit apartment building on prime real estate they bought in 2007 on the Oakland-Emeryville border. The News revealed that Brown also has stakes in millions of dollars of East Bay real estate in conjunction with developers Phil Tagami and John Protopappas. Both conducted business with the city of Oakland when Brown was Mayor of the city.
Posted on: Mon, 20 Oct 2014 19:11:37 +0000
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