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could not find your e-mail or password. for all of its filings, including its FEC filing. [7], Najafi founded Pivotal Group in 1982. xb``Pd``qe```:01G"300284; SsjB'89\{ )Nwnsn(ijtd`;4lF@Nb+ fe`, r One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to Congressional Leadership Fund (CLF) on the same date. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. After Sinema won the primary, the super PAC transferred $100,000 to. 2022 Promontory Development, LLC. Pictured is a section of the Boise, Idaho skyline. Pivotal Group is a leading investment company focused on private equity linking national brand cleaning products such as Clorox and Lysol to lung damage. 0000002534 00000 n This material may not be published, broadcast, rewritten, or redistributed. And former NSA Deputy Director Bill Crowell will also join the board. Park City, Utah. 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. A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. The courses, which include subjects such as global leadership, customer experience and global entrepreneurship, launch in April. 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. [11][12], Najafi was a founding partner of Social Venture Partners, a philanthropic venture capital fund that invests in emerging nonprofit organizations, as well as on the board of Urban Land Institute and the Arizona State University Committee for Design Excellence. 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. DRA Strategic CommunicationsDenise D. Resnik, 602-956-8834Nick He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. (Melaleuca is a genus of trees from which tea tree oil is derived. Pivotal Group is a leading investment and development company with primary concentration on all real estate asset classes. 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. | PRIVACY POLICY | REVOKE COOKIE CONSENT. Page 6 of 9. 8758 N Promontory Ranch Rd 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 public service activities offered by the Urban Land Institute. (Photo by Wes Clowers). Ellis Island is the gateway 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. DC No federal or state agency has judged the merits or value, if any, of this property. Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. Mr. Najafi is also a patron on numerous cultural and civic organizations. 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. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. 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. Not all apparent shell companies are necessarily dark money. He is a board member of EastWest Institute, a global think-and-do The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. 6 36 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. Learn about Article Alert. Melaleuca sells its products through a multi-level marketing structure. [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. Bush sits a large, reflective office building in an upscale shopping center at 2525 E Camelback Road. Former recipients include business icons 0000000016 00000 n Credit Suisse had matched Najafi's $30 million bid at an auction on Wednesday but, unable to raise even that amount, it withdrew the bid a day later. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. We look forward to providing you with even more cutting-edge market research, as Topio Networks. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. [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. 0000156504 00000 n individual achievement and encouragement of cultural unity at an awards 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 . in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. Website by Needlestack. 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. DPUS didnt limit its political giving to federal elections. Najafi said he'll have to spend about $70 million before Promontory recovers. The purpose of disclosure is to allow people to know immediately upon looking at an FEC report who the contributors are. (Photo by Wes Clowers). Picture courtesy of Thunderbird College of International Administration at ASU. Promontory is a Pivotal Group Community. [16], He has also served on the board of directors for the Phoenix Symphony and Phoenix Metropolitan Area Convention and Visitors Bureau, and as chair of the board of trustees of Phoenix Country Day School. Copyright 2009 Associated Press. Crowell previously served as an advisor to CYR3CON. 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. "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. every race from so many walks of life, together, celebrating the magic The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned, The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. 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. "My wife and I think of education as part of your basic human rights. 0000182369 00000 n Pivotal Private Equity Company Rankings Script error: No such module "Draft topics". They are headquartered in Phoenix, Arizona. OpenSecrets Following the money in politics. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. (Photo by Joe Jaszewski for The Washington Post via Getty Images). Professional Services . Najafi holds an The learners in the initiativewill receive a badge for each course they complete and a 15-unit accredited certificate upon successful completion of all five courses. 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 . Pivotal Private Equity has 2,525 employees, of which 5 are in a . Founder and Chief Executive Officer in 2012. Global Capacity and Pivotal Group have now commenced seeking regulatory approvals and estimate the . A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 Read More sale of $100 million to $1 billion. the ULI Foundation, which generates funding for research, education and [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. 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. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. and real estate. In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Not all so-called shell corporations are as easy to trace. Najafi insisted the bankruptcy was not his doing. F. Francis Najafi is the American Dream come to life. chosen a more deserving recipient of this award that celebrates "There is no question in my mind that the economy will recover.". One dark money trail leads to Carter Lake, Iowa, population 3,785. And in a $244,200 contribution to Paul Ryans joint fundraising committee. said Thunderbird President ngel Cabrera, Ph.D. Mr. Phoenix, AZ 85018. Pivotal's Francis Najafi and Tyler Rives also join SnapNurse's Board of . We see every color, 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 $3.4 billion, according to Forbes. Pivotal Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. 0000007266 00000 n HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi 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 facilities" instead of getting bogged down with lengthy processes and credentialing paperwork. In 1972, Najafi moved to Arizona where he attended Arizona State University. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. Our goal is to enable A+ teams to reach their peaks and achieve greatness. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . [8][9], Najafi has also been on the boards of directors of; The Quincy Institute for Responsible Statecraft,[10] Greater Phoenix Economic Council,[11] Phoenix Art Museum,[12] and EastWest Institute. Francis Najafi. The certificate will be covered by full scholarships, thus at no cost to learners. 0000170581 00000 n At OpenSecrets.org we offer in-depth, money-in-politics stories in the public interest. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. He runs Najafi Companies, a Phoenix-based private-equity firm, and is partial owner of the Phoenix Suns NBA team. Francis Najafi (Pivotal Group), Dionne Najafi, Leila Ghaffani, Shaygan Kheredpir and and Abdi Soltani (ACLU - American Civil Liberties Union of Northern California) pose for a photograph at the PARS Equality Center 4th Annual Nowruz Gala at Marriott Waterfront Burlingame Hotel on March 8, 2014 in Burlingame, California. [32][33], On 7 December 2021, Jahm Najafi's Najafi Companies announced that it had reached an agreement to acquire STX Entertainment from ErosSTX for US$173 million. [14][15] While Sarver served his season-long suspension in September 2022, Najafi was considered a candidate to take on the role of interim team governor for the Suns before the position was ultimately given to Sam Garvin. Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . 0000003867 00000 n All rights reserved. Disclosure of who is spending money in elections is a vital component of our campaign finance system, but transparency is undermined when a wealthy donor launders their contribution through a shell company, said Brendan Fischer, director of federal reform at the nonpartisan Campaign Legal Center. But they dont appear to be on the same page politically. NECO was created in 1984 on the conviction of its founders that the Tyler Rives and Francis Najafi of Pivotal . Their largest recipient is, 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. a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. immigrants significant contribution to this country than Francis Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. With our medalists, we see America at its best. No credit card required. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. 0000003156 00000 n Chief Executive Officer @ Pivotal Group Preparing Francis profile View Francis's Email & Phone (It's Free) 5 free lookups per month. The takeover required a buyer to raise millions more to keep operations at Promontory going. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of four $250,000 contributions to anti-Obama super PAC Restore Our Future in 2011. Visit www.NECO.org Photo by Samantha Chow/ASU News, Reporter , ASU News. Thank you for accessing our content on the Topio Networks Market Intelligence Center. where he earned a Bachelors Degree in Engineering in 1976. Francis Najafi is one of Thunderbirds most notable, successful and The first contribution was refunded, 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. tank; a trustee and alumnus of Thunderbird School of Global Management; Not all apparent shell companies are necessarily dark money. In the first year, the initiative aims to reach learners in Iran, Kenya, Mexico, Indonesia, Egypt, India, Senegal, Brazil and Vietnam in their native languages. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. As an immigrant some five decades ago, I learned the value of education. One of the reasons Arizona State University is so pleased to have Thunderbird as part of our enterprise is because it is a school that has been focused on sustained prosperity worldwide for decades. This article "Francis Najafi" is from Wikipedia. If youd like to learn more or opt-out, please. [18], In 2003, Najafi, through Najafi Cos., purchased Network Solutions from Verisign Inc. for $20 million. - F. Francis Najafi, CEO of Pivotal Group. 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. 0000181689 00000 n 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. continuing to preserve the distinct values and rich heritage of their He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Want first access to OpenSecrets' investigations and data features? Najafi, head of the company, invests only his own capital. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . 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. The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. 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. Together, we anticipate growth and success for our customers, employees, and partners." "With this agreement, we are combining two highly complementary organizations with closely aligned core values and operating strategies," stated F. Francis Najafi, founder and CEO of Pivotal Group, owner of Global Capacity. As one of the leading Iranian-American entrepreneurs in the
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