January 3, 2017 Comments Off on CRE Leader Appointed Chairman of SF Fed Views: 486 California News, Top California, West

CRE Leader Appointed Chairman of SF Fed

Bay Area CRE leader Alexander R. Mehran, Sr. was designated chairman of the Federal Reserve Bank of San Francisco’s board of directors. Since 2015, Mehran served as deputy chairman.

The appointment by the Board of Governors of the Federal Reserve System became effective January 1st. Each of the nation’s 12 Federal Reserve Banks has a nine-member board of directors.

Mehran is chairman and CEO of San Ramon, CA-based Sunset Development Company, which owns and operates Bishop Ranch, a 585-acre development. The largest mixed-use business community in the San Ramon Valley is home to 30,000 employees and more than 600 companies.

The former chairman of the board of directors of The Bay Area Council, Mehran is a current member of its executive committee. He is also a member of the board of directors of the Presidio Trust and chairman of the Contra Costa Economic Partnership.

Read more at Federal Reserve

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