The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including Hoovestol, Inc, many of which use the same Iowa address. DAN DELANEY. could not find your e-mail or password. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. freedom of speech, religion and economic opportunity. economic prosperity and human development around the world.. [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. [9], He serves as partial owner and vice chairman of the Phoenix Suns professional basketball team[4][13] and a governor on the board of the National Basketball Association. No federal or state agency has judged the merits or value, if any, of this property. When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. 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. The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. chosen a more deserving recipient of this award that celebrates 0000063403 00000 n Pivotal funds its investments with internally generated capital, allowing speed, flexibility, and patience to deliver todays most innovative products and services to the market and build industry leading companies and projects. However, National Vista did something of note besides bankrolling a super PAC. Promontory, valued at $560 million before the recession took hold a year ago, was sold for just $30 million to a developer who walked away from $350 million in loans packaged by Credit Suisse and sold to hedge funds and other investors. 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 as of 2018 including Apple, WalMart and Coca-Cola. We have the expertise to assess complex investment opportunities. 0000005917 00000 n Their typical investments range from $25MM-$250MM. Thunderbird Dean Sanjeev Khagram celebrates the launch of the 100 million learners international initiative with Francis and Dionne Najafi. The company made another contribution $10,000 to the Mitch McConnell-aligned, The LLCs address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. This award embodies the ideals of freedom, tolerance and acceptance For the first time since December 30, the Sun Devil women's basketball team (8-5, 0-0 Pac-12) will return to action on Friday (5 p.m. MST) when it hosts No. through which more than 12 million immigrants passed in their quest for We see every color, For the first time since December 30, the Sun Devil women's basketball team (8-5, 0-0 Pac-12) will return to action on Friday (5 p.m. MST) when it hosts No. The architecturally diverse structures would allow family members to engage in their individual pursuits and gather for joint recreation and celebration. 0000007915 00000 n Learn about Article Alert. [17] In January 2022, Najafi gifted $25 million to Arizona State University and the Thunderbird International School of Business. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. If youd like to learn more or opt-out, please. organization of its kind in the U.S., presented the award. Not all so-called shell corporations are as easy to trace. It mightve come from the company, the companys owner, or it mightve come from another individual altogether. At OpenSecrets.org we offer in-depth, money-in-politics stories in the public interest. Im honored to be among the This unrestricted gift will support the production and operating costs that Ballet Arizona incurs to produce its six mainstage performances over the . Jamshid Jahm Najafi (born March 1963)[1] is an Iranian-American billionaire[2] businessman. The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent Morris Bower & Haws for all of its filings, including its FEC filing. 0000007266 00000 n 0000008522 00000 n www.vbprofiles.com is now www.topionetworks.com. But they don't appear to be on the same page politically. Najafi was also a founding partner of Social Venture . Use the CB Insights Platform to explore Pivotal Group's full profile. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry All prices, incentives, locations, descriptions, options, and terms are subject to change without notice. Later he broadened Pivotal Groups mandate, successfully investing in private equity and growth venture opportunities. To access all the content for free, please sign up by entering your email. 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. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. The company made another contribution $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) two weeks before election day. "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. Francis is much more prolific and conservative. 6 36 in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Tyler Rives and Francis Najafi of Pivotal . 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. 0000003156 00000 n [4] Upon graduation from ASU, he attended the Thunderbird School of Global Management and earned a Masters Degree in International Management in 1977. Complete the form or call 435.333.4600 to learn more about this property. We have the expertise to assess complex investment opportunities. He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. endstream endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj [/Indexed/DeviceRGB 250 26 0 R] endobj 14 0 obj <>stream Francis Najafi, chief executive of Phoenix-based Pivotal Group, emerged triumphantly from a courtroom Friday as the same owner of Promontory, where more than 350 multimillion-dollar homes have . With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. Editors note:This story is featured in the2022 year in review. And former NSA Deputy Director Bill Crowell will also join the board. equity and real estate. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. Quan, 602-373-2400. unwavering efforts to advance global business and global citizenship, A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. ancestors. 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. , while Blue Magnolia Investments contribution was re-attributed to Berkshire Hathaway Automotive CEO Larry Van Tuyl, signaling that shedding light on these straw donors can force real disclosure. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. We understand that it takes vision, persistence, and humility to succeed. Fund a NeedBecome a SponsorBecome a Volunteer, Phone: (408) 297-6700Fax: (408) 261-6401 Email: info@parsequalitycenter.orgAddress: 1635 The Alameda, San Jose, CA 95126, Phone: (818) 616-3091 Fax: (818) 616-3092 Address: 4954 Van Nuys Blvd. privateequity@pivotalgroup.com, Contact Richard Garner He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. So-called dark money contributions come from a diverse cross-section of the American landscape. The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Later he broadened Pivotal Group's mandate, successfully investing in private equity and growth venture opportunities. Download Full Image. Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. 1976-Arizona State University-Bachelor of Science Degree in Civil Engineering 1977-Thunderbird School of Global Management-Masters Degree in International Management 1978-University of Southern California-Master of Arts Degree in International Relations The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. Tri-Point Column in Carter Lake, Iowa. 2023 Promontory Club. Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a thirty year old investment firm with experience in private equity and real estate investments. 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. Page 6 of 9. property in San Francisco, the Phoenix Ritz-Carlton; and developing Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. into the Congressional Record. 20005. F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. 2022 Promontory Development, LLC. 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. Najafi said he'll have to spend about $70 million before Promontory recovers. country, Francis outstanding career is matched only by his sincere Sorry, we Same platform but with new and improved features. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . This article "Francis Najafi" is from Wikipedia. Mr. Najafi completed his B.S. After Sinema won the primary, the super PAC transferred $100,000 to. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. The firm recently acquired Global Capacity, the worlds Name. Najafi holds an communities such as Promontory, an award-wining second-home community in After majority owner Robert Sarver was suspended from team operations for one year that stated Sarver engaged in conduct that clearly violated common workplace standards included the use of racially insensitive language; unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying Najafi called on Sarver to resign. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of, Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an, of $3.4 billion, according to Forbes. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. The only link to National Vista on the internet is an obscure document that highlights a widely cited study linking national brand cleaning products such as Clorox and Lysol to lung damage. [7], Najafi founded Pivotal Group in 1982. The certificate will be covered by full scholarships, thus at no cost to learners. [2][3], Najafi was born in Isfahan, Iran in 1955. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. a symbol of freedom and tolerance around the world, said Senator John 0000005250 00000 n Pivotal Group CEO F. Francis Najafi said SnapNurse has been growing thanks to its technology and its "understanding of how to make the process easier for both healthcare professionals and . Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . He was drawn to an entrepreneurial culture, worked with Ed Robson of Robson Communities in the 1980's, and then joined Francis Najafi, Founder of Pivotal Group, as a partner in real estate investment. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. He came to America from Iran to get an education and earned four degrees from three universities. Habib also got another $3,900 from the Iranian American PAC. Pivotal Group, based in Phoenix, provided SnapMedTech with a $15 million growth equity investment and a $100 million credit facility at the end of 2020. for all of its filings, including its FEC filing. 22 Colorado at DFA, The Melikian Center: Russian, Eurasian and East European Studies, CHIPS Act at forefront of ASU's Mexico priorities, Watts College of Public Service and Community Solutions, School of Community Resources and Development. Professional Services . He was named to the Phoenix Business Journal's Forty under 40 list in 2001. Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . 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. 0000170581 00000 n Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. Unlike other MLM companies, products are sold online and shipped directly to the consumer. F. Francis Najafi CEO, Founder Pivotal Group Phoenix, Arizona, United States 2K followers 500+ connections Join to view profile pivotal group Thunderbird School of Global Management. abiding respect and understanding of other cultures, high ethical His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. [1] He is the founder of Pivotal Group - a private equity and real estate investment firm based in Phoenix, Arizona and he is a minor shareholder of the NBA's Phoenix Suns. subject to the rules of our, THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING, Report: Warrant Issued for Roggies Bar Owner, Boston Pops Concert Move Keeps the Beach Boys, Ditches Joey McIntyre, Lawmakers pass compounding pharmacy oversight bill, Follow this list on Twitter: @BostonPopular. 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. 0000161571 00000 n Photo by Samantha Chow/ASU News, Reporter , ASU News. The project was shopped to 80 potential investors, none of whom ventured a bid. Carey School of Business Deans Council. Script error: No such module "Draft topics". 0000001742 00000 n Pivotal Private Equity has 2,525 employees, of which 5 are in a . Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. 0000001495 00000 n In 2015. reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. the ULI Foundation, which generates funding for research, education and world. Phoenix philanthropists Francis and Dionne Najafi are funding an accredited online Global Management and Entrepreneurship Certificate, consisting of five world-class courses in 40 different languages, as part of the Francis and Dionne Najafi 100 Million Learners Global Initiative. Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . [28][29][30][31], In 2017, Najafi bid for ownership of Time Inc. through his company, Najafi Cos. Time is the owner of publications including Sports Illustrated, Fortune and People. At the end of the National Vista document, it simply states: If you havent done so already, now is the time to rid your home of the dangerous national cleaning products that contain so many harmful chemicals.. leading telecommunications information and logistics company, and has Your comment is Still, when Campaign Legal Center sent a complaint to the FEC about contributions to conservative super PAC DefendArizona from two apparent shell companies Highway 76, LLC and Blue Magnolia Investments, LLC it made an impact. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. A Melaleuca representative expressed an interest in making a comment but did not do so by press time on Tuesday. No credit card required. Technically, the town is on the Nebraska side of the Missouri River in Omaha, and its horseshoe-shaped lake was once an oxbow bend of the river itself. Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. Pivotal group gave $3,800. Francis Najafi (Na-JAF-ee), chief executive of Phoenix-based Pivotal Group, emerged triumphantly from a courtroom Friday as the same owner of Promontory, where more than 350 multimillion-dollar homes have already been built. Visit www.NECO.org Chief Executive Officer @ Pivotal Group Preparing Francis profile View Francis's Email & Phone (It's Free) 5 free lookups per month. linking national brand cleaning products such as Clorox and Lysol to lung damage. In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. The United States is a country of immigrants, each group of people Status. By federal law, it is illegal to make political contributions in the name of someone else, and straw donors making contributions through shell companies fall under that prohibition. Global management certificate to be available at no cost, in 40 languages. 0000004555 00000 n 6 0 obj <> endobj Suite 295 [5][6], Najafi continued his education at the University of Southern California where he worked as a Teachers Assistant (197779) while completing a Masters Degree in International Relations and his Ph.D. candidacy in the International Political Economy program. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. 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. The law firm, located in a suburban office building with other law firms, a financial services firm and a teak furniture store, did not respond to a request for comment. 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. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. Script error: No such module "AfC topic". In 2007, it sold Network Solutions to General Atlantic for $800 million. The courses, which include subjects such as global leadership, customer experience and global entrepreneurship, launch in April. to learn more. 0000001241 00000 n Jahm Najafi and his wife Cheryl have given $186,890 to Democratic groups and candidates since 1992, including $5,400 to Sinema in 2018. Between 2015 and 2016, the group gave a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. Mr. Najafi serves as a Board Member of several private companies. Francis Najafi is founder of Pivotal. F. Francis Najafi is the American Dream come to life. Like Education Secretary Betsy DeVos, of the. 0000182073 00000 n Group is a diversified investment company primarily focused on private every race from so many walks of life, together, celebrating the magic 0000181689 00000 n To request permission for commercial use, please contactus. (Melaleuca is a genus of trees from which tea tree oil is derived. The Ellis Island Medals of Honor pay tribute to the ancestry groups that commitment to serving his community, both locally and internationally., The cultural diversity of our great nation is essential for Americas individual achievement and encouragement of cultural unity at an awards This page was last edited on 17 November 2022, at 10:45. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. 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. Mr. Najafi has substantial board-level experience. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. Internet Explorer presents a security risk. Suite 201, Sherman Oaks, CA 91403. Website by Needlestack. Francis Najafi Board Member Mr. Najafi is the founder and Chief Executive Officer of Pivotal Group, a forty-year-old firm that actively invests in private equity and real estate. <<7E07F676488E4E4DB696AADCB8495A3F>]>> Ballet Arizona announced it recently received a multi-year gift in the amount of $500,000 from Mr. F. Francis & Mrs. Dionne Najafi of the Pivotal Group, a private entrepreneurial investment firm. Lee Iacocca, Rupert Murdoch and Barron Hilton. 0000181206 00000 n He is a board member of EastWest Institute, a global think-and-do
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