Many in South Pasadena Welcome New Owner of Landmark Rialto Theatre

Many in the community have weighed in with their thoughts after the announcement that the Rialto Theatre in South Pasadena will undergo renovations headed by its new owner, a team led by Izek Shomof.

The group recently acquired the national landmarked site from Wells Fargo Private Bank’s Real Estate Asset Management group, as corporate trustee for the Jebbia Family Trust. NGKF Capital Markets represented the sellers in the transaction.

“This is a big win for the city of South Pasadena, its residents, and lovers of historic property to have this iconic building restored and reutilized,” said Matthew Dobson, a managing director with NGKF Capital Markets, who represented the seller along with NGKF Senior Managing Directors Josh Levy and Hook McCullough.

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