RE: Shame and disgust!6 Aug 2021 23:46
An Innova subsidiary and Pasaca Capital registered two Gulfstream jets early this year, according to Federal Aviation Administration records. One was a Gulfstream 650, among the top corporate jets on the market. A new Gulfstream 650 costs more than $60 million. Pasaca’s jet was built in 2015.
Innova’s second Gulfstream, registered in February, was an older model that can spaciously seat 20.
In the San Gabriel Valley, three local real estate agents, who spoke on condition of anonymity due to nondisclosure agreements, said executives with the companies have been looking at estates in Pasadena, San Marino and Arcadia listed for anywhere from $3 million to $20 million over the last year.
Such tours aren’t given to just anyone. One agent said several executives, including Huang, flashed an Innova bank statement with a $175-million balance as proof of funds.
Real estate records show at least two properties were purchased by executives tied to Innova in the last year.
In October, Innova President and Chief Executive Daniel Elliott shelled out $4.1 million for an 8,000-square-foot mansion in Arcadia. According to the listing, the two-story showpiece includes six bedrooms, eight bathrooms, two kitchens, a sauna, wine cellar, movie theater and elevator.
Then in April, Weining Mao, president of the Charles Huang Foundation, paid $4.198 million for a traditional-style estate near San Marino’s Lacy Park. The 3,700-square-foot home claims nearly half an acre and comes with a swimming pool, spa, multiple entertaining areas and a bocce ball court set among manicured gardens.