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Friday, May 20, 2022

John Arrillaga Sr, who helped build Silicon Valley, dies at 84

John Arrillaga Sr., the real estate developer who physically turned Silicon Valley into tech orchard office parks and became a major donor to Stanford University, died Monday in Portola Valley, California. He was 84 years old.

His daughter Laura Arrillaga-Andreessen announced his death in a Medium post. His family declined to give a reason.

Beginning in the 1960s, Mr. Arrillaga transformed the pastoral farmlands of Silicon Valley into a sprawling network of corporate campuses. At the time, the semiconductor industry was booming in the Santa Clara Valley, and companies like Intel were growing as fast as they could find buildings to expand.

To meet this demand, Mr. Arrillaga and his business partner Richard Peary have bought up thousands of acres of farmland around California cities, including Mountain View, Sunnyvale and San Jose. Even before they found tenants, they developed designs for low concrete buildings that were cheap and easy to build.

They ended up building over 20 million square feet of commercial real estate. Many of these developments are owned by technology companies, including Intel, Apple, Hewlett-Packard and Google.

Mr. Arrillaga and Mr. Piri became billionaires when property values ​​skyrocketed. Forbes has estimated Mr. Arrillaga’s net worth at $2.5 billion.

As the technology industry grew and the population of Silicon Valley increased, some residents began to speak out against the development. Several of Mr. Arrillag’s projects have run into obstacles, with residents protesting the proposed height of 100-foot office towers in Palo Alto and disagreeing with the new library’s location in Menlo Park.

In later life, Mr. Arrillaga also physically transformed Stanford, which he attended on a basketball scholarship. He has donated money to more than 200 projects and buildings at the university, including at least nine buildings and rooms bearing his family’s name and 57 scholarships. In 2013, he pledged $151 million to the university, the largest single living donor gift to Stanford.

Mr. Arrillaga was born April 3, 1937 in Inglewood, California. His father, Gabriel, was a professional football player who later became a laborer at the Los Angeles grocery market. His mother, Frida, was a nurse.

In 1955, Mr. Arrillaga entered Stanford, where he studied geography. At 6’4″, he was the captain of the basketball team while also working part-time to cover his expenses.

After graduating in 1960, he briefly played professional basketball—according to a Fortune article, he was with the San Francisco Warriors for six weeks, although there is no record of him playing—before before going into business. property.

In 1966, he and Mr. Piri founded the real estate firm Peery Arrillaga. Their partnership lasted five decades. In 2006, they sold about half of their 12 million square foot portfolio for $1.1 billion to Deutsche Bank’s real estate investment arm.

In 1968, Mr. Arrillaga married Frances Marion Cooke, a sixth grade teacher and Stanford graduate. They had two children. She died of lung cancer in 1995. In 2003, he married Joya Fasi, a former lawyer from Honolulu.

She and his daughter outlived him, as did his son John Jr.; two sisters, Alice Arrillaga Kalomas and Mary Arrillaga Danna; brother William Arrillaga; and four grandchildren.

Mr. Arrillag’s ties to the tech industry grew even stronger in 2006, when his daughter, who teaches at the Stanford Graduate School of Business, married Mark Andriessen, a venture capitalist and founder of Netscape.

Mr. Arrillaga began making small donations to Stanford immediately after graduation. By the early 2000s, his donations to the school, primarily to the athletics department, had grown to over $80 million. In 2006, he donated $100 million to Stanford, the largest amount from a single donor until he eclipsed that amount with his 2013 donation.

For 30 years, Mr. Arrillaga has rebuilt and funded nearly all of Stanford’s athletic facilities, including the Maples Pavilion in 2004 and Stanford Stadium in 2005 and 2006. Arrillaga’s name is ubiquitous on campus and can be found at the Francis C. Arrillaga Alumni Center. the Arrillaga family dining room and both campus gyms.

Mr. Arrillaga, who avoided media coverage and avoided interviews, has developed a reputation for paying attention to detail in his construction projects.

During the renovation of Stanford’s football stadium, “he chose every single palm tree, designed the best shape for every structural element, and created his own seat design,” Arrillaga-Andreessen wrote in a Medium post. She added that he was known for “personally picking up every piece of trash he saw and rearranging individual stones in fountains all over campus.”

World Nation News Deskhttps://www.worldnationnews.com
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