According to state records, one of the investors in California’s $2.3 billion sale of 11 state office buildings is a Newport Beach company founded and run, until 2008, by Hadi Makarechian, a contributor of more than $314,000 to Gov. Arnold Schwarzenegger since 2003 and nearly $175,000 to ballot measures backed by the GOP governor. Makarechian, 62, a long-time real estate developer and investor, was appointed by the GOP governor as a University of California regent in 2008. ... Makarechian was traveling and unavailable, his office said. Kern said Makarechian was still an owner and officer of the company. In his...
