Jonathan Goldstein

Jonathan Goldstein has spent years telling the world that Cain believes in Los Angeles. In 2026, he secured another $4.3 billion on that basis.

Cain and Eldridge Industries in March secured the financing to complete One Beverly Hills, the 17.5-acre mixed-use development rising at Wilshire and Santa Monica boulevards. J.P. Morgan Chase led a $2.8 billion senior loan, while Vici Properties provided $1.5 billion.

The project has grown into an estimated $10 billion development, combining two Aman-branded residential towers, Aman’s first West Coast hotel and private club, nearly 200,000 square feet of luxury retail and dining, a renovated Beverly Hilton, and 10 acres of gardens and open space. The first phase is expected to be complete in early 2028.

Goldstein said construction is progressing quickly enough that the long-planned project is becoming tangible.

“Every time we walk the site, it feels more alive, from the arrival at Aman and the gardens through to the restaurants and retail,” he said.

Dolce & Gabbana, Casa Tua Cucina and Los Mochis have committed to the retail component, while residential sales have surpassed $1 billion. Goldstein said more than $200 million of residences sold over the summer, with many buyers already familiar with Los Angeles and choosing to invest more deeply in Beverly Hills.

“The demand we are seeing from luxury brands that want to be here is incredibly compeling,” he said.

Cain itself has also evolved, dropping “International” from its name, and sharpening its strategy around landmark developments, living and hospitality, supply-chain infrastructure, and sports and entertainment. As of June 30, Cain managed more than $14.5 billion across the U.S., U.K. and Europe.