221:(Rancho Peñasquitos was one of only a handful of large ranches still operating within the city limits.) Kahn planned to develop the land into a massive $ 1 billion housing development with a golf course, apartments, single-family tract homes, retirement housing, and shopping centers. Kahn's broad vision set in motion a series of additional planning processes that created lengthy delays for the project, with the San Diego City Planning Commission voting to delay consideration of Kahn's subdivision plan for several years until a master plan could be developed for the area. By 1965 the project was in danger of foreclosure and required additional financing. Kahn recruited Louis Lessor's help in obtaining financing from the Teamsters Pension Fund through Lessor's relationship with
321:. Newspapers after his death reported that an IRS trailer had been semi-permanently parked outside his company headquarters, reviewing the accounting books from Kahn's numerous businesses. (Despite the thorough review, the IRS effort turned up little incriminating information aside from Kahn's tendency to wait until the last minute to pay bills.) Similarly, the FBI monitored Kahn's activities for several years and raided a "high-stakes gambling ring" at his
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he owed nearly $ 180 million to the
Teamsters Pension Fund (nearly $ 1 billion in 2015 dollars), making the Irvin Kahn Organization & subsidiaries the fund's largest investment. Kahn's 19-year-old son Samuel, then a college freshman, took over the companies and the settlement of the estate, divesting the Kahn family companies from their association with the Teamsters and refocusing on less risky real estate development activities.
225:, who was the gatekeeper for the Pension Fund's investments. Shenker arrange a $ 10M mortgage from the Mercantile Trust Company National Association and an additional $ 3.5M in financing from the Teamsters Pension Fund. In exchange, the Teamsters Pension Fund received a first deed of trust on Rancho Peñasquitos, and a 20% share in the Rancho Peñasquitos development corporation.
161:. (The sale was delayed by several years due to concerns over his father's bookmaking activities and brother Yale's professional gambling.) Though he had been opportunistically acquiring land throughout the 1940s, Kahn's first major real estate development project was a 312 unit apartment complex in
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Kahn was married to
Eleanor Barlin (1925–2011); they had one son, Samuel “Sandy” Kahn. Kahn and his wife were active in San Diego Jewish philanthropy. Kahn died suddenly in September 1973 from a heart attack while watching the Ali-Norton fight on closed circuit television. At the time of his death,
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Observing his father's frequent run-ins with the courts due to his bootlegging past, Irvin was inspired to pursue a career as a criminal defense attorney. Irvin Kahn began his professional career as a defense attorney representing a number of high-profile clients, including several local labor
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Beginning in the mid-1950s, Irvin Kahn began to receive frequent press coverage due to his high-profile development activities. Between 1952 and his death in 1973, Kahn initiated a series of large and small development projects that by some estimates involved 25% of all developable land in the
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By the early 1970s, additional capital was needed to finance the large-scale development that was expected to take place in the 1970s – Kahn's plan involved creating homes for more than 150,000 people. Though Kahn was able to refinance the project, his sudden death in 1973 put those plans in
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in 1950, but Kahn took a leadership role in the venture in 1955. He was responsible for the development of the
Clairemont Shopping Center as well as hundreds of new housing units built in the late 1950s. He also launched development projects in
96:(1916–1973) was an American attorney and real estate developer who played a major role in the expansion of the City of San Diego in the 1950s, 1960s, and 1970s. He received frequent press coverage for his ongoing role in developing
281:(1927) and the Executive Complex (1963). Kahn built a bowling alley and nightclub in El Cajon with Louis Lesser, and eventually expanded his bowling holdings to include 11 alleys. He also developed two resort hotel properties on
285:, the first of their kind on the small strip of reclaimed land adjacent to the canneries of Point Loma, and was Chairman & CEO of the Continental Connector Corporation, which held a controlling interest in the iconic
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unions. He also worked as a lobbyist on city affairs, representing the
Veterans Cab Company in their bid to increase the number of taxi permits issued by the City of San Diego. In 1952, Kahn, along with
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shifted significantly after Kahn's death, with larger single-family homes taking the place of the apartment complexes and small-lot tract housing that Kahn had envisioned. Today
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257:, Kahn was involved in a number of notable projects in the history of the City of San Diego. In the late 1950s, he participated in smaller development projects in
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to a convention hall. In 1960 he was part of a group of developers who pooled together a $ 4M loan for low income housing in
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is home to roughly 55,000 residents, little more than a third of the size of the community originally envisioned.
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In the early 1960s, as the
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Beginning in the mid-1960s, Kahn financed his increasingly ambitious development projects with loans from the
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resort. (The raid 'nabbed' dozens of elderly female spa guests who had been playing
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with financing from Sixty Trust, the employee pension fund of airplane manufacturer
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Smith, Clyde (4 May 1958). "Big
Expansion: An Amazing Record of Community Growth".
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and bridge, an outcome that was covered humorously in the contemporary press.)
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588:"Cuba, the Mafia, Sinatra, Smith, and Peñasquitos | San Diego Reader"
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Bergman, Lowell (May 8, 1974). "Kahn's Game: Billion Dollar Land Grab".
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Hume, Bill (April 15, 1975). "Falls land buyer heavily investigated".
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Barnes, Dick (July 25, 1970). "Daring risks paid by pension funds".
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Hume, Bill (15 April 1975). "Falls Lan Buyer
Heavily Investigated".
447:"Buys Into San Diego Club", Kansas City Times, Jan. 4, 1952, pg. 22
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Bergman, Lowell (May 8, 1974). "Kahn's Game: Billion Dollar Grab".
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as a minority partner to develop the approximately 4,400 acres.
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Subdivision. The project was initiated by Carlos
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In 1962, Kahn acquired the approximately 14,000 acre
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Born in 1916, Kahn was the son of
Abraham J. Kahn, a
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679:. Rancho Penasquitos Town Council. Archived from
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403:"Two more dismissed in market blaze".
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287:Dunes Hotel, Casino & Country Club
631:"Kahn reorganizes for another push".
572:"Work Under Way on University City".
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512:"Roundup: Optimistic Predictions".
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870:"Land developer Irvin Kahn dies".
355:"Land Developer Irvin Kahn Dies".
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488:"Samuel J. Kahn (Biography)"
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702:Love, Henry (12 Jan 1955).
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753:"Frank Rhoades (Column)".
677:"About Rancho Penasquitos"
370:"Frank Rhoades (Column)".
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874:. September 11, 1973.
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872:Star News (Pasadena)
833:Redlands Daily Facts
357:Star News (Pasadena)
323:Murrieta Hot Springs
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904:Profile. Irvin Kahn
887:Albuquerque Journal
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79:Eleanor Barlin Kahn
909:2014-03-19 at the
783:"Realty Roundup".
768:"Realty Roundup".
542:"Realty Roundup".
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59:(1973-09-10)
43:Pennsylvania
931:1973 deaths
926:1916 births
259:Chula Vista
193:Chula Vista
134:prohibition
130:bootlegging
87:Samuel Kahn
920:Categories
342:References
247:Clairemont
184:Clairemont
163:Point Loma
116:Early life
98:Clairemont
35:1916-01-31
858:UJF Women
712:cite news
687:March 18,
497:March 25,
167:San Diego
126:San Diego
110:San Diego
907:Archived
327:mah-jong
149:founder
84:Children
69:Attorney
295:Arizona
263:La Mesa
197:La Mesa
147:KFMB-TV
299:Nevada
297:&
275:Mexico
253:, and
140:Career
76:Spouse
491:(PDF)
725:help
689:2014
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29:Born
319:IRS
315:FBI
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