A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. xref There is a large body of people around the world who have no access to education, Francis Najafi said. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . Pivotal Group CEO and founder and developer of Promontory, F. Francis Najafi, found inspiration in the massive 7,200 acre landscape to create a timeless mountain club for all ages. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. SALT LAKE CITYIn a highly unusual bankruptcy outcome, the developer of a luxury golf community near Park City bought it back for pennies on the dollar Friday because the leading creditor was unable to scrap together a bid and nobody else was interested. Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are highly successful Iranian-American investors who happen to be politically active. %%EOF Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. 0000176062 00000 n His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Script error: No such module "Draft topics". He runs Najafi Companies, a Phoenix-based private-equity firm, and is partial owner of the Phoenix Suns NBA team. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. 0 After graduating from Harvard with a master's degree in business economics in 1986, Najafi worked for Wall Street firm Solomon Brothers that eventually became a part of Citigroup. "Ultimately, I believe in the magic of America," said Najafi, an Iranian-born, self-made real-estate tycoon who believes the market for expensive second homes will come back. Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . Key Quotes: A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. Work History. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. PHOENIX, AZ - Pivotal Group, Inc., announced the successful acquisition of 21 apartment communities located in Midland, Odessa and Longview, Texas totaling over 3,200 units. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. 0000156916 00000 n He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. He founded the privately held firm 30 years ago, investing in landmark properties. 0000161708 00000 n F. Francis Najafi "is Founder and Chief Executive Officer of Pivotal Group, a real estate based investment and development company with presence in all major product types including luxury hotels, office buildings, urban mixed-use projects and residential communities. Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. Contact Tyler Rives diversity of the American people is what makes this nation great. , and they look to take control positions in companies. If youd like to learn more or opt-out, please. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly transferred $50,000 to the Democratic Governors Association in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. For one, it uses his initials BK, just as Suzanne Kovners company uses the initials SK. Its address is the same as Kovners firm Caxton Alternative Management. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. Want first access to OpenSecrets' investigations and data features? The federal-level Iranian American PAC has received $15,000 from Francis Najafi, while the groups state-level, in the 2016 election cycle and another $2,500 from the Jahm Najafi-owned, Hundreds of miles and several national parks north of Phoenix, a general business with the name National Vista, Inc. was formed in June 2018 using the address of a registered agent in Boise, Idaho. [3] Najafi led the company through the acquisitions of the Pert Plus shampoo brand and Sure deodorant brand from Procter & Gamble in 2006,[17][19] and Trend Homes Inc. in 2008,[20] Also in 2008, Najafi and Najafi Cos. purchased Direct Group, the parent company of the Book of the Month Club, Columbia House and BMG Music Service, from Bertelsmann AG, a German book publisher. Francis Najafi. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the Arizona 9th Congressional District Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. Internet Explorer presents a security risk. Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . And in a $244,200 contribution to Paul Ryans joint fundraising committee. With more than 40 years of experience, Pivotal Group is an active investor across multiple asset classes, and today maintains a focus on Private Equity, Growth Equity, and Real Estate. All Rights Reserved. Hoovestol and his wife Monica arent quite megadonors, but they have given $118,320 to Republican candidates and groups and just $1,050 to Democrats since 2002, according to data from the Center for Responsive Politics. This award embodies the ideals of freedom, tolerance and acceptance [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. Chief Executive Officer. Mr. Najafi currently serves as Chairman of the Board of Global Capacity, on the Board of Directors of the EastWest Institute, active in the World's President's Organization (WPO . %PDF-1.4 % Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. In 1972, Najafi moved to Arizona where he attended Arizona State University. All rights reserved. Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are highly successful Iranian-American investors who happen to be politically active. Not all apparent shell companies are necessarily dark money. Pivotal Group Team (17) Name Title Related Financings Office Contact Info; Francis Najafi Ph.D: Founder & Chief Executive Officer: 0: Phoenix, AZ Richard Garner: Chief Operating Officer: Phoenix, AZ Scott Knauer: Managing Director: Phoenix, AZ Tyler Rives: Managing . Headquarters 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States (703) 752-6178 Pivotal Group Profile and History Established in 1985, Pivotal Group is an investment company that focuses on private equity and real estate. In addition to his professional success, this father of . Lee Iacocca, Rupert Murdoch and Barron Hilton. The Pivotal Foundation has in the last three years given $205,000 to the National Iranian-American Council (NIAC), which has been a vocal advocate for the Iranian nuclear deal the Obama . The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. We understand that it takes vision, persistence, and humility to succeed. In 1982 he founded Pivotal Group, a real estate opportunity fund with uncanny market timing and wisdom. ), Both releases use identical wording in several instances and note the exact same findings. Thats the same address as private investment firm Najafi Companies, owned and operated by Jahm Najafi, a longtime Phoenix investor and partial owner of the, Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. 0000000016 00000 n You have revoked consent to allow cookies. Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and . Eventually, the initiative will be available for learners worldwide, reaching the goal of 100 million learners. years ago, investing in landmark properties including the Century Plaza "I have a tremendous amount of respect for Francis Najafi (Pivotal's founder and CEO) and the team he has built at Pivotal, where I will have the opportunity to lead the private equity. Name. 0000155666 00000 n 0000061404 00000 n Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island The offices are home to a number of investment and banking firms and, according to FEC filings, theyre also home to an unknown corporation called DPUS LLC that contributed $100,000 to the liberal Senate Majority PAC in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. trailer acquired and sold Network Solutions, a leading provider of Web-based Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. 41 0 obj <>stream Ellis Island is the gateway [4][21][22], Najafi and his company Najafi Cos. were named highest bidder in negotiations to buy out Borders Group from bankruptcy protection in 2011. Download Full Image. Habib also got another $3,900 from the Iranian American PAC. Najafi insisted the bankruptcy was not his doing. I learned my basic management skills and leadership here at Thunderbird, where I also learned that you can work through your cultural and social differences. awarded the Ellis Island Medal of Honor for outstanding citizenship, Despite being located in a drab single-story office building, Corporation Trust Center is the go-to registered agent for companies that dont want to be found, serving as the registered agent address for roughly 300,000 businesses, But DPUS may have slipped up with its 2018 contribution, forgoing the Delaware address and listing its address as 2525 E Camelback Rd Ste 850. Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an estimated net worth of $3.4 billion, according to Forbes. Francis Najafi CEO c5753ccd5d71c0 9d6ee09b348272075e14599 17ce51b948cc 7cdd6cbe9cddd078a. Mr. Najafi serves as a Board Member of several private companies. As an immigrant some five decades ago, I learned the value of education. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. The honorees are remarkable Americans who exemplify outstanding Francis Najafi is an Iranian-American businessman and investor. 0000176450 00000 n continued economic prosperity and world leadership, said Mr. Najafi. 0000001742 00000 n 6 0 obj <> endobj Habib also got another $3,900 from the Iranian American PAC. 0000156504 00000 n (Photo by Joe Jaszewski for The Washington Post via Getty Images). at Carey School of Business Deans Council. unwavering efforts to advance global business and global citizenship, Website by Needlestack. continuing to preserve the distinct values and rich heritage of their We seek to identify new strategic investments in established companies to create significant value over time. A truck leasing company in a small Iowa town is one of several companies linked to nondisclosed dark money contributions during the 2018 election cycle. The National Ethnic Coalition of Organizations could not have Status. Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. Suite 201, Sherman Oaks, CA 91403. Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup, before he served as CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he ran with his brother, Francis Najafi. The group aired multiple television ads to attack Cherny, comparing him to Newt Gingrich in one ad and labeling him a Washington, D.C. insider in another. Najafi Companies did not respond to a request for comment on any potential connection with DPUS. Promontory is a Pivotal Group Community. OpenSecrets Following the money in politics. In 2015, Huffington Post reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. Between 2015 and 2016, the group. He came to America from Iran to get an education and earned four degrees from three universities. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. 0000061585 00000 n He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Melaleuca sells its products through a multi-level marketing structure. DPUS was incorporated in Delaware in July 2012 and immediately got to work funneling money into Arizona politics, giving a total of $175,000 to a brand new super PAC called Restoring Arizonas Integrity in 2012. Im honored to be among the Later he broadened Pivotal Group's mandate, successfully investing in private equity and growth venture opportunities.