Hadi Makarechian

updated bio here: http://regents.universityofcalifornia.edu/about/members-and-advisors/bios/hadi-makarechian.html
Appointed October 24, 2008 to term expiring March 1, 2020 (by Schwarzenegger);


Committee Membership (2016-2017)


Compliance and Audit 


Finance (Vice Chair)


Grounds & Buildings (Chair)


Health Services


Investments  


Long Range Planning





Committee Membership (2015-2016)

Compliance and Audit
Finance
Governance
Grounds & Buildings (Chair)
Health Services
Investments
Long Range Planning


Committee Membership (2013-2014)
Compliance and Audit (Vice Chair)
Governance
Grounds & Buildings (Chair)
Health Services
Investments

Education: B.S. (Civil Engineering), B.A. (Economics), State University of New York;
Profession: Chairman of Makar Properties Board of Directors and Banning Lewis Ranch Management Company Board of Directors.
Hadi Makarechian serves as Chairman of Makar Properties Board of Directors and Banning Lewis Ranch Management Company. He received his B.S. in Civil Engineering and his B.A. in Economics from the State University of New York. Prior to his retirement in June 2008, Mr. Makarechian served as chief executive officer and chairman of the board of directors of Capital Holdings, Inc., a company he founded in 1991. He also founded and served as president of Shamron Corporation from 1979 to 1991. Mr. Makarechian was appointed as a Regent in October 2008 by Governor Schwarzenegger to a term ending in 2020.

source: http://www.universityofcalifornia.edu/regents/regbios/makarechian.html
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The italicized section below comes from " Financial Dossiers of Regents to Watch" from this ongoing news story Investor’s Club: How the UC Regents Spin Public Funds into Private Profit By Peter Byrne -please see that article for much more information. We will attempt to update the tab dossiers with links to new items -- if you think we missed something feel free to leave a comment at the Byrne article directly and/or here. Byrne has given multiple updates to his story so it may help for compilation.
Hadi Makarechian
Dates of term:
October 24, 2008 to March 1, 2020

Education:
University at Buffalo, State University of New York

Profession:
Real estate developer

Potential conflict alert
Makarechian is the founder and chairman of Capital Pacific Holdings, which develops residential real estate in California and other Western states.

Since the early 1990s, Capital Pacific entered into numerous joint ventures with IHP Capital Partners, an investment firm that specializes in equity financing for residential development. IHP was founded in 1992 when CalPERS entered the real estate financing realm and it provided IHP with $75 million to develop homes in Northern California. IHP reports providing a 40 percent net return to CalPERS on its first deal, and the state retirement fund has continued to invest with IHP.

Another CalPERS real estate equity partner is an investment firm called Hearthstone. In 2008, CalPERS invested $185 million in Hearthstone and paid the company $1.8 million in fees. Capital Pacific has partnered with Hearthstone on various joint venture development deals for more than six years. Capital Pacific is currently working with Hearthstone on a residential project in Arizona.

Professional bio:
Hadi Makarechian is based in Newport Beach, and one of the local papers, the OC Weekly, has called the Makarechians the “closest thing Orange County has to the Rockefellers.”

For more 30 years, Makarechian has planned, built, developed and invested in luxury residential real estate through the company he founded, Capital Pacific, which is ranked the 65th largest home builder in the country in 2009 with $188 million in new residential revenue and $753,000 in other revenue, according to Professional Builder magazine’s “Annual Report of Housing’s Giants.”

Makarechian is credited with innovating the way that beachfront condos and hotels are developed by maximizing the number of units with ocean views. Additionally, the term “McMansions” was first used in a New Yorker article to describe Makarechian’s deluxe Palos Verdes, California, development. One of Capital Pacific’s largest ongoing projects is the development of Banning Lewis Ranch, a 21,000-acre development that could consist of 75,000 homes.

A subsidiary of Capital Pacific is Makar Properties, which primarily handles commercial real estate developments. Run by Makarechian’s sons, Paul (CEO) and Cyrus (executive vice president), the firm is primarily associated with developing luxury hotels. Its assets are located throughout Southern California, Texas, Florida, and Colorado, and it’s been reported that it has more than $10 billion in development projects.

Major investments:
Makarechian is the founder of Capital Pacific Holdings, and has served as its CEO and chairman. He is also the chairman of Makar Properties, a subsidiary of Capital Pacific.

According to public records, through the Hadi Makarechain Trust, Makarechian and his wife own a number of properties in Southern California valued at more than $5 million (no upper limit is specified).

Corporate boards:
Makarechian does not participate on publicly traded corporate boards.

Estimated earnings (2008):
In a 2008 story about its wealthiest residents, the Orange County Business Journal estimated that Makarechain has an estimated worth of $600 million—down from $1 billion the previous year because of the economic downturn. The newspaper also estimated that Capital Pacific and Makar Properties own several billions dollars’ worth of real estate, and the Makarechians’s stake in these holdings are worth hundreds of millions.

Philanthropy and community service:
Makarechian serves on the board of trustees of Chapman University and the State University of New York, University at Buffalo, where he is the 2005 recipient of the Distinguished Alumni Award.

Makarechian has also donated on an ongoing basis to organizations such as Habitat for Humanity, Boys and Girls Clubs, and the Boy Scouts of America.

Political ties/campaign contributions:
Makarechian was among the top 50 contributors to Gov. Arnold Schwarzenegger’s reelection campaign, and he also served as a national campaign finance co-chair for Mitt Romney’s 2008 presidential campaign.

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Bad Deal for State Involves a UC Regent

UC Regents Trying To Buy and Sell CA State Buildings While UC Buildings Fall Apart

There is this story of some not so great news on real estate and involves Farallon Capital (associated with Hellman Friedman etc. --recall the Hellman family association to University of California.)
ironically, "Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif."
-- but it looks like things are looking up in Santa Barbara in 2013

and this Horatio Alger Society profile- includes video interview