Izek Shomof was born July 28, 1959 in Tel Aviv, Israel. His parents, Hanana and Sara Shomof, owned a bar in Tel Aviv until they emigrated to Los Angeles, California in 1973. His brother, Jacob, owned a restaurant in Los Angeles. Shomof went to high school in Hollywood from 14 to 16, when he dropped out.
Career
After working in his brother's restaurant, Shomof opened his own restaurant, Tony's Burger, in Downtown Los Angeles, at 16. By the age of 18, he had owned three restaurants, and he opened an autoshop on Pico Boulevard called Star Auto Body. Shomofs Elder brother purchased Spring Tower Lofts located at 639 South Spring Street in the Spring Street Financial District of Downtown Los Angeles for US$1 million in 1991. and brought his 2 brothers in as partners one of them being Izek, Izek cleverly pushed his then struggling older brother out of the property to forge his new ventures into real estate. Izek later converted it in 2000 to 36 lofts being first to use the adaptive reuse ordinance. Meanwhile, he also acquired and restored the Premiere Towers at 621 South Spring Street. As an investor, Shomof acquired the historic Leland Hotel, the King Edward Hotel, the Hotel Alexandria, the Baltimore Hotel in 2012. Additionally, he acquired the Hayward Hotel, The City Lofts, The Corporation Building, Property in China Town and other Office/retail buildings throughout Los Angeles. Shomof produced For the Love of Money, a crime film starring James Caan, Jeffrey Tambor and Edward Furlong, in 2012. In 2013, Shomof purchased the Sears, Roebuck & Company Mail Order Building in Boyle Heights, Los Angeles for US$29 million from Mark Weinstein, another developer. Shomof expressed his intention to transform the building to 1,030 apartments, 200,000SF of creative office and 100,000SF of retail shopping/restaurants. Shomof secured entitlements for a 34-story tower at 4th and Broadway, and subsequently sold the site to SCG America, a subsidiary of Shanghai Construction Group, for $32 million in 2015. Shomof purchased the Rialto Theatre in South Pasadena, California in 2015. Additionally, he made a US$80 million bid on the Revel Atlantic City in Atlantic City, New Jersey.
Philanthropy
Shomof believes homelessness must end on Skid Row, as it is "inhumane". With his business partnerLeo Pustilnikov, Shomof was honored by the LAMP Community, a non-profit organization which aims to prevent homelessness in Los Angeles, in 2015.
Personal life
Shomof has a wife, Aline, and five children. They reside in Beverly Hills, California. He collects cars, and has over 100 cars in his collection ranging from old American Muscle to brand new exotic supercars. Shomof owns a Ford GT 40 signed by Carroll Shelby and a newer Ford GT.
