Résumé

Founder, CoastFed Properties, Los Angeles, CA, c. 1985. CoastFed Properties was a leading developer of apartment buildings in Southern California in the mid-1980s.

Chairman and Chief Executive Officer, Casden Property Company, LLC, Los Angeles, CA.

Owner, National Partnership Investments Corporation, Los Angeles, CA, c. 2003.

High School / College

Graduate, Alexander Hamilton High School, Los Angeles, CA, 1963.

Coursework, University of California, Los Angeles (UCLA), Westwood, Los Angeles, CA, c. 1965.

Relocation

In 1950, Alan Casden was the middle of three children had by Marion Simon and Myron M. Casden. At this time, the Casdens lived in a residence at 8037 Shadyglade Avenue in North Hollywood, Los Angeles, CA. (See Ancestry.com, Source Citation National Archives at Washington, DC; Washington, D.C.; Seventeenth Census of the United States, 1950; Year: 1950; Census Place: Los Angeles, Los Angeles, California; Roll: 27; Page: 82; Enumeration District: 66-53A, accessed 08/20/2024.)

Parents

His father Myron M. Casden worked as a salesman for the distilling industry in 1950. His mother Marion Simon raised their three children.

Spouse

Casden has married multiple times.

He wed Bernice P. Zupnik in Los Angeles, CA. They divorced in 12/1968. (See Ancestry.com, Source Information Ancestry.com. California, U.S., Divorce Index, 1966-1984 [database on-line]. Provo, UT, USA: Ancestry.com Operations Inc, 2007, accessed 08/20/2024.)

He wed Debra Carey Stoller in 07/31/1977 and divorced her on 08/16/1978 in Los Angeles County, CA. (See Ancestry.com, Source Information Ancestry.com. California, U.S., Divorce Index, 1966-1984 [database on-line]. Provo, UT, USA: Ancestry.com Operations Inc, 2007, accessed 08/20/2024.)

He divorced Mary Gora in San Francisco, CA, in 05/1973. (See Ancestry.com, Source Information Ancestry.com. California, U.S., Divorce Index, 1966-1984 [database on-line]. Provo, UT, USA: Ancestry.com Operations Inc, 2007, accessed 08/20/2024.)

He married Nancy C. Cadigan (born c. 1949) on 01/20/1979 in Los Angeles County, CA.

Biographical Notes

In 04/2003, a Federal civil court case raised by fellow investors found Casden and employees at Casden Properties, Incorporated, guilty of violating federal securities laws. The Los Angeles Times.com wrote: "A jury verdict in favor of former investors in a series of limited partnerships operated by Los Angeles apartment tycoon Alan Casden was upheld by a federal judge, but damages were reduced by $64 million to about $120 million. Casden and his associates at Casden Properties Inc. were found guilty in November of violating federal securities laws and breaching their fiduciary duties. A class-action lawsuit filed on behalf of about 18,000 investors in 1998 charged that Casden Properties unlawfully made misleading statements in seeking investors’ votes to approve a transfer of ownership in 98 apartment complex partnerships. U.S. District Judge Dean Pregerson in Los Angeles late Thursday reduced the jury’s award of $92.5 million in punitive damages to $2.6 million. But he upheld the $92.5 million in compensatory damages and awarded $25 million in prejudgment interest, said Nicholas Chimicles, senior partner at Chimicles & Tikellis, a Haversford, Pa., law firm that represents the investors." (See Roger Vincent, Los Angeles Times.com, "Judge Reduces Jury Award Against Casden Properties," 04/05/2003, accessed 08/20/2024.)

In 2003, a Los Angeles County grand jury examined the legality of political contributions made by Casden to Los Angeles city political candidates. The Los Angeles Times reported in 11/2003: "Casden, who is on the Forbes 400 list of wealthiest Americans, and his firm have contributed $213,000 to Los Angeles city candidates in the last four years, records show. The Los Angeles County District Attorney;s Office is investigating whether employees or subcontractors of Casden's firm were reimbursed improperly for contributions made to city candidates, according to sources close to the investigation." (See Anna Gorman and Patrick McGreevy, "Developer Wants Warrants Unsealed," Los Angeles Times, 11/20/2003, p. B3.)