We see every color, [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. Subscribe to see more. that is America, said Nasser J. Kazeminy, Chairman of NECO. every race from so many walks of life, together, celebrating the magic The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. We understand that it takes vision, persistence, and humility to succeed. Same platform but with new and improved features. 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. 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. [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. 0000001241 00000 n Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi They gave just $20,400 to Republicans during that time. Jamshid Jahm Najafi (born March 1963)[1] is an Iranian-American billionaire[2] businessman. . The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. 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. Read More sale of $100 million to $1 billion. Park City, UT 84098. Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. 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. 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. Lee Iacocca, Rupert Murdoch and Barron Hilton. Pivotal Private Equity Company Rankings standards, and a firm belief that business can be a powerful source of 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. DC DAN DELANEY. Work History. 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. We have the expertise to assess complex investment opportunities. organization of its kind in the U.S., presented the award. said Thunderbird President ngel Cabrera, Ph.D. Mr. Suite 295 Pivotal Group is a leading investment company focused on private equity Current. Website by Needlestack. Thunderbird Dean Sanjeev Khagram celebrates the launch of the 100 million learners international initiative with Francis and Dionne Najafi. In addition to his professional success, this father of . <<7E07F676488E4E4DB696AADCB8495A3F>]>> through which more than 12 million immigrants passed in their quest for 0000182369 00000 n 0000156916 00000 n 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 . degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). Francis is much more prolific and conservative. The Ellis Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. 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. 0000175548 00000 n A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 public service activities offered by the Urban Land Institute. Visit www.NECO.org The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. acquired and sold Network Solutions, a leading provider of Web-based 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. [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. McCain. 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 Tri-Point Column in Carter Lake, Iowa. Internet Explorer presents a security risk. For more information, visit. 0000176774 00000 n 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. He has made such an amount from his various business. 0000003867 00000 n trailer 0000176062 00000 n In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. Jahm Najafi and his wife Cheryl have given $186,890 to Democratic groups and candidates since 1992, including $5,400 to Sinema in 2018. If youd like to learn more or opt-out, please. But it doesnt make the money any less dark, as there is no way to know the real source of the funds. 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. 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. The plan is for a phased approach. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. xb``Pd``qe```:01G"300284; SsjB'89\{ )Nwnsn(ijtd`;4lF@Nb+ fe`, r 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). The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. Subscribe to see more. [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. Name. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. Our goal is to enable A+ teams to reach their peaks and achieve greatness. 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. 20005. Najafi is founder and CEO of Pivotal Group, a 30-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. 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. | PRIVACY POLICY | REVOKE COOKIE CONSENT. By the fourth year or earlier, the program will have expanded to Europe and Central Asia with 40 total languages. 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. 0000004555 00000 n It is unclear how DRT is funded and what the company does, outside of giving political contributions. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. ), Both releases use identical wording in several instances and note the exact same findings. Title. Park City, Utah. Ellis Island is the gateway 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. Najafi Companies did not respond to a request for comment on any potential connection with DPUS. Like Education Secretary Betsy DeVos, of the. OpenSecrets Following the money in politics. Contact Tyler Rives "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. "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. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. He is a board member of EastWest Institute, a global think-and-do He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. 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 . We are grateful for their commitment to a borderless expansion of the opportunities that come with higher education.. (Photo by Joe Jaszewski for The Washington Post via Getty Images). 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. 0000155666 00000 n ", "Paula Deen makes $75M deal to re-boot her empire", "NBA team owner may soon own Sports Illustrated's owner", "Boivin: The story behind Sean Miller's questionable timeout vs. UCLA", "STX Separating From Eros As Najafi Companies Enters $173M Agreement To Acquire Hollywood Studio", https://en.wikipedia.org/w/index.php?title=Jahm_Najafi&oldid=1141017506, This page was last edited on 22 February 2023, at 23:17. Francis Najafi CEO c5753ccd5d71c0 9d6ee09b348272075e14599 17ce51b948cc 7cdd6cbe9cddd078a. "Integrity is your word, your character and the foundation for all future endeavors. Sign up for our newsletter to track moneys influence on U.S. elections and public policy. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. For over twenty-five years, Pivotal has been involved with niche residential projects, commercial development, master planned communities, luxury hotel and spa properties, commercial office buildings and other real estate . Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. Status. No federal or state agency has judged the merits or value, if any, of this property. awarded the Ellis Island Medal of Honor for outstanding citizenship, 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! Najafi holds an 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 [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. Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. F. Francis Najafi CEO Pivotal Group. 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. and real estate. Tyler Rives and Francis Najafi of Pivotal . 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. Request a free trial. Editors note:This story is featured in the2022 year in review. [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. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. The McCain group has also accepted at least $100,000 from the Pivotal Foundation, which was created by Francis Najafi who owns the Pivotal Group, a private equity and real estate firm. Carey School of Business Deans Council. My wife and I think of education as part of your basic human rights. Habib also got another $3,900 from the Iranian American PAC. diversity of the American people is what makes this nation great. (Melaleuca is a genus of trees from which tea tree oil is derived. 0000181206 00000 n At OpenSecrets.org we offer in-depth, money-in-politics stories in the public interest. 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. Francis is much more prolific and conservative. Mr. Najafis interest and commitment to community service spans the Later he broadened Pivotal Group's mandate, successfully investing in private equity and growth venture opportunities. Medal of Honor this year. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. The document is copyrighted 2018 National Vista, Inc. Some of the wording in it exactly mirrors that used in a, , an Idaho-based company that sells its own cleaning products along with an arsenal of health-related products. immigrants significant contribution to this country than Francis He came to America from Iran to get an education and earned four degrees from three universities. [4][5], Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup,[4][6] before he served as CEO of Pivotal Private Equity[7] and partner and COO of the parent company, The Pivotal Group,[8][9][10] which he ran with his brother, Francis Najafi. 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. The main office of represented VC is situated in the Phoenix. Pivotal Group appeared to be the VC, which was created in 1982. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). You have revoked consent to allow cookies. Melaleuca sells its products through a multi-level marketing structure. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. 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. 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 . 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. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. 0000003204 00000 n 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. She has served as an executive for Pivotal Group, a private equity and real estate investment firm, KSL, a KKR, Kohlberg, Kravis and Roberts company, and as Executive Director of The National Women's Hall of Fame in New York, which recognizes and celebrates the achievements of extraordinary American women. [13][6][27], In 2014, Najafi, through Najafi Cos., invested between $75 and $100 million to Paula Deen and Paula Deen Ventures to fuel her rebranding after she was fired from The Food Network in June 2013. Francis Najafi See All CEO & Executives The Inside Scoop Since 1982, Pivotal Private Equity, a real estate investment and development company, has been dealing with commercial and residential clients. 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. Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 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. Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . Download Full Image. Help provided: Students staff ASU's Counselor Training Center, Leaders on how ASU masters degree in nonprofit management prepared them for successful careers, 14-year-old ASU Online student hoping to engage, empower the next generation, Biden cybersecurity strategy a positive step, ASU expert says, Morrison Institute contributing to the 'future of democracy,' Crow says, Melikian Center receives federal funding to expand global study opportunities, Francis and Dionne Najafi 100 Million Learners Global Initiative, Sun Devil WBB opens Pac-12 play on Friday vs. No. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. The list of its authors can be seen in its historicaland/or the page Edithistory:Francis Najafi. equity and real estate. Not all apparent shell companies are necessarily dark money. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. Francis Najafi is founder of Pivotal. This page was last edited on 17 November 2022, at 10:45. ancestors. We seek to identify new strategic investments in established companies to create significant value over time. So-called dark money contributions come from a diverse cross-section of the American landscape. Phoenix, AZ 85018. 0000001495 00000 n 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 . Members pay hefty fees for golf and other amenities, including opulent lodges and a warehouse-sized horse stable. Just a stones throw from Park City, generations of families could pursue active recreation amid a diverse array of superb amenities, while completely immersed in nature. [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. %PDF-1.4 % 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. world. Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . The Ellis Island Medals of Honor pay tribute to the ancestry groups that 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. The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. Health Care. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. To request permission for commercial use, please contactus. However, National Vista did something of note besides bankrolling a super PAC. Your comment is Najafi countered that Credit Suisse agreed to loan money he says he didn't even need and that the bank was a victim of its own excess. This approach allows us to profit from the cyclical nature of the real estate market. %%EOF It mightve come from the company, the companys owner, or it mightve come from another individual altogether. Najafi was also a founding partner of Social Venture . For more information, visit www.pivotalgroup.com. Sorry, we Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Learn about Article Alert. Copyright 2009 Associated Press. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. 0000156504 00000 n The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 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. He previously served on the . The initiative, made attainable by a $25 million donation from the Najafis, will educate and empower 100 million learners by 2030, with 70% of them girls. Francis Najafi Phone Number Found 3 phone numbers: 602625XXXX 602-956-XXXX . The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. Whether youre reading about 2022 midterm fundraising, conflicts of interest or dark money influence, we produce this content with a small, but dedicated team. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. Pivotal group gave $3,800. Thunderbird has touched more than 2 million learners in its 75-year history, said Thunderbird Director General and Dean Sanjeev Khagram. Suite 201, Sherman Oaks, CA 91403. 0000001318 00000 n Open Secrets following the money in politics, An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC, in April 2018. 0000001908 00000 n Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. After Sinema won the primary, the super PAC transferred $100,000 to House Majority PAC, which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. Script error: No such module "Draft topics". In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . 41 0 obj <>stream To ensure the most secure and best overall experience on our website, we recommend the latest versions of. [17] In January 2022, Najafi gifted $25 million to Arizona State University and the Thunderbird International School of Business. Locally, Mr. Najafi serves, on the Board of Directors of Sandra Day OConnor Institute, is a Cabinet Member of the Presidents Club at Arizona State University, a Board Member Emeritus and Capital Campaign Chair of Arizona Science Center, and serves on ASUs W.P. Global Capacity and Pivotal Group have now commenced seeking regulatory approvals and estimate the . Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. 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 Phoenix Suns. where he earned a Bachelors Degree in Engineering in 1976. Habib also got another $3,900 from the Iranian American PAC. 0000005917 00000 n July 14, 2020 10:10 AM Eastern Daylight Time. 2022 Promontory Development, LLC. And in a $244,200 contribution to Paul Ryans joint fundraising committee. 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. Page 6 of 9. 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. 0000170314 00000 n (Photo by Wes Clowers). The developer is Valley resident F. Francis Najafi, founder and CEO of The Pivotal Group. Todays announcement is a game-changer in many respects, said Soraya Hakuziyaremye, a Thunderbird alumna, former Rwandan minister of trade and current deputy Central Bank governor of Rwanda. In this case, the source of the money is Kovner, but it takes some digging to figure that out, and BK2s contributions arent always disclosed as such. All rights reserved. ), 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. Want first access to OpenSecrets' investigations and data features? Francis Najafi is an Iranian-American businessman and investor. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. 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. at 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. unwavering efforts to advance global business and global citizenship, realestate@pivotalgroup.com, 3200 East Camelback Road There is a large body of people around the world who have no access to education, Francis Najafi said. . This article "Francis Najafi" is from Wikipedia. To access all the content for free, please sign up by entering your email. continued economic prosperity and world leadership, said Mr. Najafi. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 0000006605 00000 n With our medalists, we see America at its best. [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. [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. Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. The bid fell through when Borders was liquidated. Pictured is a section of the Boise, Idaho skyline. In 1982, he founded Pivotal Group, a real estate opportunity fund. 0000000016 00000 n Hotel in Los Angeles, 650 California Street, a Class A commercial office adding to the rich diversity and cultural hodgepodge that makes America 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 .