LA Real Estate CEO Shot While in Rolls Royce

Los Angeles police are searching for a suspect in the shooting of the CEO of a Los Angeles real estate company while he was sitting in his Rolls Royce.

Kameron Segal was in his car in Hollywood, California, when he was shot around 8:40 p.m. Friday, according to the Los Angeles Police Department. The suspect managed to escape from the area on a bike, police said.

Segal is the CEO of William Holdings Property Management and Acquisitions and is described on the company's Facebook page as having 15 years of real estate management experience. A person who answered the phone at the William Holdings Property Management and Acquisitions said the company was not making any statements at this time.

A police spokeswoman said she could not confirm reports that the shooting was related to a robbery and said detectives were exploring all possibilities.

According to ABC News affiliate KABC-TV in Los Angeles, Segal was taken to Cedar-Sinai Medical Center. Police said he remained in critical but stable condition.