S. Jon Kreedman

Kreedman began his career by working for his father at the age of 15, first as a carpenter and later as a builder.[2] He later worked for a construction firm.[2] In 1948, he founded his own real estate development company, S. Jon Kreedman & Co., a real estate development company headquartered in Beverly Hills, California.[1]

The Hotel Alexandria in Downtown Los Angeles, owned by Kreedman from 1961 to 1970.

Kreedman began by building tract homes in Los Angeles, California.[2] He subsequently moved on to commercial buildings.[2] He built the Brierwood Terrace-Valley Convalescent Hospital in Encino, California in 1958; its construction cost more than US$50,000.[3] In 1959, he purchased the Plush Horse Restaurant at 1700 South Pacific Coast Highway in Redondo Beach, California from Harold Gelber with two Chicago investors to build a new resort;[4] it became known as the Plush Horse Inn in 1961.[5] Meanwhile, he acquired the Hotel Alexandria in Downtown Los Angeles in 1961, only to restore it in 1970.[6][7] Kreedman built the United California Bank Building on the corner of Wilshire Boulevard and Camden Drive in Beverly Hills, but its foundation wall collapsed because of the underground parking lot in 1961.[8][9] By 1962, he controlled US$50 million of real estate.[2] He built the One Wilshire in Downtown Los Angeles in 1966.[1] In 1973, he converted The Century Towers in Century City from luxury rentals to condominiums.[1][10]

One Wilshire, developed by Kreedman.

Kreedman had an option on "50 retail stores and 12 parking lots" in Westwood owned by Arnold Kirkeby, which he sold to investors M. A. Borenstein, Bernard M. Silbert and Harvey Silbert in 1961.[11]

Kreedman was appointed to the Advisory Commission on Housing Problems by Governor Pat Brown in 1961.[12][13]

The company was sued in S. Jon Kreedman & Co. v Meyers Bros. Parking-Western Corp. in 1976 over the construction of a parking lot.[14] The case showed that regardless of the lack of architectural plans, construction firms must repay the tenants for their lost profits.[14]

Kreedman was invited to give lectures about the construction industry on the campuses of UCLA in 1960,[15] and the Harvard Business School in 1967.[1]

Kreedman founded American City Bank in 1963.[16] He served as its chairman.[16] It became "the largest independent bank in the Los Angeles area",[1] with seven branches in Southern California by 1983.[17] However, it went bankrupt that year,[1][16] and it was acquired by the United Overseas Bank.[17]

Kreedman was appointed to the board of directors of CalPERS in 1979.[1] Three years later, in 1982, he was appointed to the board of administration of the Public Employees Retirement System for the City of Los Angeles.[1][18]