Alvin Dworman

Alvin Dworman is Chairman and Founder of ADCO, a full-service merchant banking and real estate company. Throughout his career, Mr. Dworman has excelled using an entrepreneurial approach, teaming up on a project basis with other prominent businessmen, acquiring controlling interests in a number of public and private companies, and creating several innovative and very successful enterprises. Active in all phases of the real estate industry, Mr. Dworman has developed, owned, and operated commercial, residential, and industrial properties across the United States and Europe. Through lending affiliates, he has financed numerous major projects for other real estate developers and investors with equity participation. With the creation in the 1960's of Great Universal Development Company (a private company) and the acquisition of the Franchard Corporation and then The Mastan Company (both public companies), ADCO became an important source of funding for other real estate investors and developers in addition to structuring its own projects. In the 1970's, Alvin Dworman merged Franchard, Mastan, and the public Lee Tire and Rubber Company to form Lee National Corp. which was subsequently privatized. Both Lee and Great Universal remain active ADCO affiliates. Among his achievements are: the development and ownership of Bacara Resort & Spa, a $300 million resort and spa in Santa Barbara, California; the development and construction of 80th at Madison, a 28-story, super-luxury condominium in New York City; and Museum Parc, an architecturally distinguished 15-story condominium overlooking Moscone Center in San Francisco. Also in San Francisco, at 201 Third Street, Mr. Dworman built Convention Plaza, a 314,000 sq. ft. office building, owning 50% of the building upon completion and acquiring 100% of it in 2006. In Colorado, Mr. Dworman purchased from Exxon and further developed the city of Battlement Mesa.

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