The Sol Price Award recognizes the lifetime achievement of a business leader and entrepreneur who also has made a significant philanthropic impact on communities and social policy. In selecting Michael Keston to receive the Sol Price Award, we recognize his exceptional business achievements as a successful real estate executive responsible for the acquisition, development, and management of commercial properties, homes, and apartments throughout Southern California. Additionally, we are pleased to honor his past leadership on the Board of Directors of the California Regional Water Quality Control Board, the Board of the Los Angeles Department of Water and Power, and the Los Angeles Conservancy. Lastly, we recognize Michael’s generous philanthropic contributions to the Price School, including his leadership in the establishment of the former Keston Institute for Public Finance and Infrastructure, as well as the recently established Keston Family Chair in Global Real Estate.
About the Honoree:
Michael Keston is a business leader in the real estate community and is very active as a major philanthropist in education, medical research, music, and community and foreign affairs organizations.
Michael is Chairman and CEO of KFG Investment Company, a privately owned real estate and investment company. KFG Investment Company and Affiliates have built and marketed approximately 30,000 residential units in more than 140 separate communities and over 2 million square feet of commercial properties since Mr. Keston joined the Company in 1970.
Michael serves on the Board of Councilors of the University of Southern California Price School of Public Policy and is a member of the Executive Committee of the USC Lusk Center for Real Estate. He has been an Adjunct Professor in the Master of Real Estate Development program at USC for more than twenty years. In 2002, Michael and his wife Linda established the USC Keston Institute for Public Finance and Infrastructure and in 2012, endowed a new Commercial Real Estate Chair within the Sol Price School of Public Policy and the Marshall School of Business.
Michael is currently a Trustee of the Washington Institute for Near East Policy headquartered in Washington, DC, a member of the Board of Directors of the Music Academy of the West in Montecito, California, a supporter of the Colburn School of Music and a current member of Heal the Bay in Santa Monica and Heal the Ocean in Santa Barbara. He has previously served for 10 years between 1992 and 2002 on the Board of the California Regional Water Quality Control Board and on the Los Angeles Board of Water and Power Commission, is a past Director of the Los Angeles Conservancy, past Director of the California State Chamber of Commerce, and a past member of the Board of Governors for the Western Los Angeles County Council of the Boy Scouts of America. He is a 1996 recipient of the BIA Medal of Honor and was inducted into the California Building Industry Foundation Hall of Fame in 2004.
Michael is a native of New York City, received a Bachelor of Science Degree in Engineering from City University of New York in 1961, a Master of Science Degree in Engineering from San Diego State College in 1964 and a Master of Business Administration Degree from the Wharton Graduate School of the University of Pennsylvania in 1966. He has been an avid clarinet player since he was eight years old and he has studied as an adult at the Colburn Conservancy and USC’s Thorton School of Music.