The Passing of One of Home Building’s Bright Lights: Ray Watt
One of the home building industry’s pioneers, Ray Watt, has died.
The Los Angeles Times reports:
Courtesey of the Los Angeles Times.
Ray Watt, a prolific builder who did much to define the look of modern Los Angeles, died Tuesday of natural causes at Eisenhower Medical Center in Rancho Mirage. He was 90.
Watt was a pioneer and innovator in the development industry who continually created new products to meet the tastes of Southern California as the region grew after World War II. He was widely credited as the first in the West to popularize condominiums, strip shopping centers, time-share vacation homes and residential communities with shared amenities such as golf courses, tennis courts, swimming pools and lakes.
In 1998, Watt merged his company with U.K.-based John Laing Homes to form WL Homes LLC, and remained on the company’s board of directors through its $1.06 billion sale to Emaar Properties in 2006.
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