When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. 0000161571 00000 n . When Robert Sarver eventually sold the team to new ownership led by Mat Ishbia and his brother Justin Ishbia, Najafi was one of three minority team owners to keep all their stakes with the team once the sale went through on February 7, 2023. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. 0000001318 00000 n One dark money trail leads to Carter Lake, Iowa, population 3,785. Internet Explorer presents a security risk. July 14, 2020 10:10 AM Eastern Daylight Time. Homeowners and a group of other creditors expressed confidence in Najafi's continued management and his $30 million bid, which pays off some debts, but not the Credit Suisse loan holders. [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. Want first access to OpenSecrets' investigations and data features? a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. Copyright 2009 Associated Press. could not find your e-mail or password. . Mr. Najafi started a family of privately held firms 30 Before becoming CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he headed with his brother, Francis Najafi, Najafi worked for Salomon Brothers, a Wall Street firm that later joined Citigroup. Excluding contributions from Melaleuca to major super PACs, VanderSloot and his wife Belinda give plenty of money on their own, contributing nearly $3.5 million to GOP candidates and groups since 1992. 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. (Melaleuca is a genus of trees from which tea tree oil is derived. through which more than 12 million immigrants passed in their quest for We have the expertise to assess complex investment opportunities. Just because you can suspect an LLC has connections to company, it doesnt really tell you anything about the source of the money, Fischer said. Pivotal Group is the largest investor in the startup company. But it doesnt make the money any less dark, as there is no way to know the real source of the funds. Najafi. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. F. Francis Najafi is Founder and Chief Executive Officer of Pivotal Group, a thirty-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. , and they look to take control positions in companies. Francis Najafi. As an immigrant some five decades ago, I learned the value of education. The commission could rule that National Vista, in producing a document about the hazards of national cleaners, shows that it has a purpose besides acting as a conduit to funnel anonymous contributions. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was 0000181206 00000 n 0000002534 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. 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. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. North of downtown, in an affluent suburb near the Biltmore Golf Club played by presidents Eisenhower, Kennedy, Johnson, Nixon, Ford and George H.W. Chief Executive Officer @ Pivotal Group Preparing Francis profile View Francis's Email & Phone (It's Free) 5 free lookups per month. 0000003156 00000 n "Integrity is your word, your character and the foundation for all future endeavors. In 1982, he founded Pivotal Group, a real estate opportunity fund. said Thunderbird President ngel Cabrera, Ph.D. Mr. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. Visit www.NECO.org Two Thunderbird alumni, Francis and Dionne Najafi, donated $25 million to launch the initiative, the largest gift since Thunderbird joined ASU. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. Promontory is a Pivotal Group Community. 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. We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. They will have lifelong learning options and alternative educational pathways through Thunderbird and ASU, or will be able to transfer the credits to other universities worldwide. 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. 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. Suite 201, Sherman Oaks, CA 91403. Francis Najafi is founder of Pivotal. He came to America from Iran to get an education and earned four degrees from three universities. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry Francis Najafi is an Iranian-American businessman and investor. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. "We have been impressed with the artistic excellence, the strong leadership, and the financial stability of Ballet Arizona over the years," said Francis Najafi, Founder and CEO of Pivotal. Bush sits a large, reflective office building in an upscale shopping center at 2525 E Camelback Road. OpenSecrets Following the money in politics. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. As an immigrant some five decades ago, I learned the value of education. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. F. Francis Najafi CEO Pivotal Group. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. Hotel in Los Angeles, 650 California Street, a Class A commercial office The PAC received its largest donation of $20,000 from Francis Najafi, founder and CEO of the investment firm Pivotal Group. Script error: No such module "Draft topics". 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 . (Photo by Joe Jaszewski for The Washington Post via Getty Images). Our most important investment criterion is an outstanding management team. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Written by Melissa Larsen. In 2007, it sold Network Solutions to General Atlantic for $800 million. 0000175548 00000 n 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. 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 . Suburbs, big cities and even small towns are home to corporations created primarily to conceal the true source of money flowing to super PACs that spend millions of dollars to influence elections. 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. freedom of speech, religion and economic opportunity. Washington, The company asserts that its products are healthier and more environmentally-friendly than national brands. The only link to National Vista on the internet is an. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. . [13][14], Some of the organizations that have benefitted from Najafi's Pivotal Foundation which was established in 2005 includeBallet Arizona (to assist in performance production),[15][16] PARSA Community Foundation. It shouldnt require pulling records from other states to reveal a possible connection to another company.. Pivotal Group's private equity arm focuses on middle-market companies and annual. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. To request permission for commercial use, please contactus. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . We see every color, 0000176450 00000 n Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 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 . Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . Mr. 0000001742 00000 n It has a local reputation as a lower-income town of small houses, mobile homes, airport hotels, a few industrial businesses and a large abstract steel sculpture called Tri-Point Column by the late sculptor Rod Kagan sitting alone in a field on Abbott Drive. recipients who represent all sectors and cultures in our society.. Habib also got another $3,900 from the Iranian American PAC. And in a $244,200 contribution to Paul Ryans joint fundraising committee. Current. Najafi, head of the company, invests only his own capital. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, is being awarded the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations. Script error: No such module "Draft topics". 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 communities such as Promontory, an award-wining second-home community in that is America, said Nasser J. Kazeminy, Chairman of NECO. The bid fell through when Borders was liquidated. [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. "My wife and I think of education as part of your basic human rights. 0000001016 00000 n Since 2001, we have generated a substantial economic impact to Summit County, including $2 billion in construction projects, $90 million in property tax revenue, $340,000 for affordable housing, $1.2 million in grants to local non-profits, $3 million-plus in agriculture protection fees, $84 million in employee wages plus an additional $84 abiding respect and understanding of other cultures, high ethical Name. 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.. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. 0000061404 00000 n [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. 0000008522 00000 n The National Ethnic Coalition of Organizations (NECO), the largest realestate@pivotalgroup.com, 3200 East Camelback Road the ULI Foundation, which generates funding for research, education and Global management certificate to be available at no cost, in 40 languages. F. Francis Najafi, CEO of Pivotal Group, will join CYR3CON's Board of Directors which currently includes CEO Paulo Shakarian, CTO Jana Shakarian, and Dieter Kraft of Trumpf Ventures. Najafi is the founder of private equity firm Najafi Cos. Mr. Najafi completed his B.S. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. 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. The project was shopped to 80 potential investors, none of whom ventured a bid. We do not acquire companies from management teams; we partner with them. In 1982 he founded Pivotal Group, a real estate opportunity fund with uncanny market timing and wisdom. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . ), One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to, (CLF) on the same date. The Valley's Most Powerful Men2011 - Page 6. Copyright 2021 Pars Equality Center. "There is no question in my mind that the economy will recover.". His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. 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. <<7E07F676488E4E4DB696AADCB8495A3F>]>> Richer's PAC had $69,761 in total expenditures, with $45,000 going to Defending Arizona Values, a campaign launched by Arizona Democrat Rep. Ann Kirkpatrick. Jobs; Sign In; Careers; By Job Titles; . No federal or state agency has judged the merits or value, if any, of this property. Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the. , 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 founder and Chief Executive Officer of Pivotal Group, a thirty year old investment firm with experience in private equity and real estate investments and take it from me, this guy knows what he is doing! standards, and a firm belief that business can be a powerful source of Iranian-American investors who happen to be politically active. The honorees are remarkable Americans who exemplify outstanding public service activities offered by the Urban Land Institute. Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . [7], Najafi founded Pivotal Group in 1982. Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. Sorry, we The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. country, Francis outstanding career is matched only by his sincere 0000007915 00000 n If youd like to learn more or opt-out, please. for all of its filings, including its FEC filing. McCain. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. The certificate will be covered by full scholarships, thus at no cost to learners. 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. 0000182369 00000 n 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. An immigrant from Iran, Mr. Najafi founded the Pivotal Group, a real estate and private entrepreneurial . 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. Pivotal Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. You have revoked consent to allow cookies. 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 Presidents Organization (WPO) and Chief Executives Organization (CEO). 0000003204 00000 n world. All Rights Reserved. Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. equity and real estate. "He feels a sense of obligation to the community and a desire to protect the reputation of a development he's so closely associated with," said David Jordan, one of the lawyers for the Pivotal Group subsidiaries that operate Promontory. 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. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. 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. diversity of the American people is what makes this nation great. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. To access all the content for free, please sign up by entering your email. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. Our private mountain club began in 2001, when the world was introduced to the vision of Promontory by an uncompromising developer with extensive experience in building communities and providing high-end hospitality. Lee Iacocca, Rupert Murdoch and Barron Hilton. individual achievement and encouragement of cultural unity at an awards The commitment made to the school by Francis and Dionne Najafi will impact communities around the world and be a force that brings all of us closer together. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. Mr. Najafis interest and commitment to community service spans the xref Pictured is a section of the Boise, Idaho skyline. There is a large body of people around the world who have no access to education, Francis Najafi said. Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a forty-year-old investment firm with experience in private equity, growth ventures and real estate investments. 0000156504 00000 n 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. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. every race from so many walks of life, together, celebrating the magic The company later acquired the France, Belgium, Switzerland and Quebec operations of Direct Group. [5], It may require cleanup to comply with Wikipedia's content policies, particularly, Last edited on 22 February 2023, at 23:17, Learn how and when to remove this template message, https://find-and-update.company-information.service.gov.uk/officers/7kT3EZmjY_q3xCRr-sV12MaDUOY/appointments, "How billionaire is using financial muscle for racial equity", "Network Solutions bought for $20 million, sold for $800 million three years later", "Possible New Owner for Borders: Meet Jahm Najafi", "Resolution COO Jeff Franklin Exits Agency", "Pivotal Private Equity to Acquire World's Largest Domain Name Registrar, Network Solutions", "Phoenix Investors Group Buys Century Plaza Hotel", "Pivotal plunking down $138M for office tower", "Najafi kicks Penske's tires; no Deadline deal", "NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization", "Phoenix Suns minority owner Jahm Najafi calls for Robert Sarver's resignation", https://arizonasports.com/story/3487485/mat-ishbias-purchase-of-phoenix-suns-set-to-be-complete-by-tuesday/, "U.S.-based MSP Sports Capital buys into McLaren F1", "Penguin Random House Sells Self-Publishing Company", "Borders Picks Najafi Companies as Lead Bidder", "Report: Phoenix investor competes with Alec Gores in bid for Borders Group", "June 27 deadline looms for bids to buy Globe", "Jeff Berg Speaks: Plans for New Agency, What Really Happened at ICM (Exclusive)", "Paula Deen Lands $75 Million to $100 Million Business DealShe's Making a Comeback, Y'all! Jahm Najafi has a brother called Francis Najafi with whom he runs The Pivotal Group, a firm that focused on the purchase of major commercial properties in California Jahm Najafi Net Worth According to reports, Jahm Najafi has an estimated net worth of $3.5 billion. committed graduates, not only in his professional career, but also for Francis Najafi Phone Number Found 3 phone numbers: 602625XXXX 602-956-XXXX . No credit card required. With our medalists, we see America at its best. 0000007266 00000 n 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. Read More sale of $100 million to $1 billion. All rights reserved. economic prosperity and human development around the world.. Website by Needlestack. 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. Francis Najafi is one of Thunderbirds most notable, successful and %PDF-1.4 % Like Education Secretary Betsy DeVos, of the Amway multi-level marketing fortune, VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. 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 federal-level Iranian American PAC has received $15,000 from Francis Najafi, while the groups state-level 527 arm took a $5,000 contribution from DPUS in the 2016 election cycle and another $2,500 from the Jahm Najafi-owned Phoenix Suns in the 2018 cycle. Habib also got another $3,900 from the Iranian American PAC.

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