"Following the money shows some big ties to real estate for incumbent Karen Bass heading into Los Angeles' June mayoral race. Campaign contribution filings, the most recent of which were due Monday for the reporting period through Dec. 31, show Bass in a big lead having raised $2.4 million since sending out her first fundraising email in the summer of 2024."
"Plenty across real estate from agents and brokers to large land holders and developers are backing the city's current mayor, who has raised over $60,000 from the industry, or about 2.6 percent of her campaign's overall contributions, according to a review of filings with the Los Angeles City Ethics Commission. It's by far the largest amount raised from real estate in a crowded, and growing, landscape of over 30 hopefuls looking to unseat Bass."
"Among the big donors to Bass' reelection campaign are Stewart and Lynda Renick, who each pitched in the maximum $1,800. The billionaire couple, whose wealth Forbes estimates to be $10.8 billion, own privately held The Wonderful Company which includes consumer brands such as POM Wonderful, Fiji Water and Wonderful Pistachios and are some of the state's largest owners of land and water rights. The Resnicks, through a spokesperson for The Wonderful Company, declined to comment on Bass or their contributions."
"Developer Steve Soboroff was another early contributor back in July 2024, with $500. Soboroff supported Bass in 2022, saying she is exactly who Los Angeles needs right now. That was before his relationship with city hall soured once he was tapped by Bass to be chief recovery officer post-Palisades fire in April 2025. That was followed in short order by a very public unraveling mired in accusations by Soboroff that he was sidelined from key decisions."
Karen Bass has raised $2.4 million since summer 2024 and leads fundraising heading into the June Los Angeles mayoral race. Real estate agents, brokers, large landholders and developers contributed over $60,000, about 2.6% of her campaign's overall contributions, the largest real estate share among more than 30 challengers. Major donors include Stewart and Lynda Resnick, each giving the $1,800 maximum, and Richard Ziman, who contributed $1,800 in July 2024. Developer Steve Soboroff contributed $500 in July 2024 and later served as chief recovery officer after the Palisades fire; that appointment preceded a public fallout with city hall.
Read at therealdeal.com
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