WAYNE RATKOVICH passed away on September 24, 2023.
Wayne was many things to many people: a loving husband, a caring father, a trusted friend and advisor, a mentor, a thoughtful listener, and a visionary in the world of real estate. His and his company’s work, including renovating landmarks in Los Angeles like the Art Deco Wiltern Theatre, the James Oviatt and Fine Arts buildings, The Hercules Campus at Playa Vista, and The Bloc in Downtown LA, will continue to impact people’s place in the built environment for generations to come.
Wayne had a talent for connecting with people. He was a wonderful storyteller and always had a fitting story or quip for the occasion. Wayne was somehow both larger than life and invariably authentic. Regardless of how, when, and where Wayne entered your life, you undoubtedly came away with a positive connection to him.
We are grateful to have known him, proud to have worked with him, and deeply saddened to see him go. Wayne’s legacy will live on through the company he founded and through each of us as we remain guided by his unwavering kindness and relentless optimism.
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WAYNE RATKOVICH founded The Ratkovich Company (TRC), whose mission is “to profitably produce developments that improve the quality of urban life.” Throughout his career, Wayne had an uncanny ability to see opportunities others missed.
TRC has a reputation for reimagining existing structures, reinventing their use, and revitalizing neighborhoods and communities that they work in. The firm’s urban developments include landmark properties brought back to life such as The Bloc, a dramatic $250 million transformation of the former Macy’s Plaza in the heart of downtown Los Angeles, and The Hercules Campus, an 11-building complex of historic former Hughes Aircraft Company Buildings now leased by Google and YouTube.
In 1977, Wayne started TRC by purchasing the Oviatt Building, a 12-story Art Deco gem in downtown Los Angeles that became a landmark renovation success with the Rex il Ristorante in the former ground floor men’s haberdashery. Later, TRC would reimagine The Wiltern Center, The Fine Arts Building, Chapman Market, and 5900 Wilshire, a 30-story office tower across from the Los Angeles County Museum of Art, among others.
In 1999, Wayne purchased the 46-acre former CF Braun Engineering headquarters in his hometown and reinvented it into an education, health, and wellness campus called The Alhambra. This nearly one million square foot, 40-acre office campus produces 75% of its own power using Bloom Energy fuel cells and operates on 85% reduced water consumption thanks to a drought-tolerant native landscape setting.
The City of Los Angeles selected TRC to develop a 42-acre waterfront site on the LA waterfront in San Pedro called West Harbor. The Company is actively developing the site into a world class mixed-use dining, recreation, and entertainment destination. Wayne helped bring the iconic Hollywood restaurant, Yamashiro, to West Harbor.
In 2011, the Urban Land Institute named Ratkovich a Life Trustee, an honor given to fifteen members in the 80-year history of the 35,000-member organization. He was also a Trustee Emeritus of the National Trust for Historic Preservation.
Locally, Wayne served as co-chair of the California Hospital Medical Center’s capital campaign and as a board member of Homeboy Industries. Wayne received the Distinguished Businessperson Award from the USC Architectural Guild and the Design Advocate Development Award from the Los Angeles Chapter of the American Institute of Architects, among many other illustrious awards in his career.