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Billionaires certainly do love the idea of wave pools even if very few of them have shown the ability to turn much of a profit. A new pool may be going into livable, lovable El Segundo, California if Toba Capital<\/strong><\/a> gets their way, according to a story on Costar.com<\/strong><\/a>.<\/p>\n A company tied to billionaire Vinny Smith\u2019s Toba Capital<\/strong> has spent $54 million for a 9-acre slice of the former Raytheon Technologies<\/strong> Campus at 100 Nash<\/a><\/span><\/span> in the city adjacent to Los Angeles, according to CoStar data. . . The firm is expected to build a surf park, a type of mixed-use real estate that is gaining traction across the globe with improvements in artificial wave technology and consumer demand for experiences in the wake of the pandemic.<\/p><\/blockquote>\n You may remember Mr. Smith from his first pool venture, the Palm Springs Surf Club<\/strong>. Again, if a billionaire just wants to throw a couple ten millions around and get not much in return, we know of a great website they could buy. It’s surf adjacent, has a small, dedicated following, and could make those millions disappear in a myriad of fun ways.<\/p>\n