Arte Moreno, the billionaire behind the Los Angeles Angels, made headlines not for his baseball prowess, but for his unconventional real estate purchase. Instead of investing his fortune in a glitzy new development or using the money to benefit a sports team, he decided to buy an office building near his home in an effort to prevent it from being converted into a parking garage.
Yes, you read that right. Moreno’s $60 million purchase was all about privacy. The office building sat near his residence, and instead of letting it be demolished and replaced with a parking lot, he swooped in and bought it, ensuring that it wouldn’t disrupt the neighborhood's aesthetic or his personal space.
