This week’s episode of Leading Voices in Real Estate features Alex Mehran Sr., the Chairman of the Board of Sunset Development Company and the immediate past Chairman of the Federal Reserve Bank of San Francisco. Sunset Development was founded in 1951 by Alex’s father who had emigrated from Iran, and today it is in its third generation of leadership, run by Alex’s son. Under Alex’s leadership, the company acquired and developed Bishop Ranch, a 585-acre mixed-use community in the Bay Area with best-in-class offices, retail, and entertainment. The development includes over 9.5 million square feet in workspace for 30,000 employees with 600 tenants including IBM, AT&T, Chevron, and GE Digital. Matt and Alex discuss the constant evolution of suburban office park developments, the successes of a multi-generational family business, and Alex’s civic leadership roles.
Alex is a San Francisco Bay Area native. He graduated from Harvard College with honors and continued his higher education at Cambridge University in England where he earned a Law Degree, also with honors. After completing his formal education, Alex joined J. P. Morgan of New York where, for three years, he managed real estate companies and assets owned by the Bank. Shortly after, Alex joined Sunset Development in 1977.
Beyond his civic engagement with the Federal Reserve Bank of San Francisco, Alex is the Chairman of the Contra Costa Economic Partnership, a Trustee of the California Institute of Technology and a member of the International Council of the Belfer Center for Science and International Affairs at Harvard University. Alex has two adult children. He and his wife, Carolyn, live in San Francisco.
Episodes will be released the first and third Mondays of every month, with our next interview on March 2nd featuring a special live recording with Ricardo Pagan, Founder and CEO of Claridge Properties.