Team

Jim Maginn is a Board Member at Watt Capital Developers.

In 1986, Jim Maginn joined Watt Companies as Senior Vice President/Chief Financial Officer. In this position, he was responsible for all of the development, permanent, and mortgage financing related to residential and commercial operations.

In the early nineties, he assumed the position of President of Watt Companies where he worked on restructuring the organization which included selling one residential subsidiary to Beazer Homes which subsequently went public, and forming a joint venture with Goldman Sachs with another residential subsidiary. This JV eventually evolved into John Laing Homes which built over 3,000 homes per year and generated over $1.1 billion in revenue. Mr. Maginn was a member of the John Laing Board of Directors until the company was sold in June 2006.

In 2003, he established a joint venture with Australia’s Centro Properties Group known as Centro Watt, which sought to build a significant national shopping center ownership and management platform in the United States. During the next four years, the venture acquired over 700 retail centers, with more than 155 million square feet, with properties located in 38 states and a total asset value in excess of $11.0 billion. After reaching the shared objective of building a strong U.S. retail platform, Watt successfully exited the JV as planned. Mr. Maginn was also the President/CEO of Centro Watt. In 2010, Mr. Maginn stepped down as President/CEO of Watt and Nadine Watt assumed his responsibilities. He and an associate started a division that focuses on investing directly in commercial and residential ground-up and redevelopment projects.

Before coming to Watt, he was Manager of Corporate Banking for California First Bank (Union Bank), a wholly-owned subsidiary of the Bank of Tokyo/Mitsubishi Group. In this position, he was also responsible for the U.S. business in the Far East and spent three years in Tokyo.

He received his B.S. from the U.S. Naval Academy and MBA from UCLA. He is on the Board of Governors for ULI, treasurer/board member of the National Tuberous Sclerosis Alliance and a member of both ICSC and the California Business Property Association. He spent 20 years in the Navy, both active duty and reserves. He retired as a Navy captain.

David Frosh is a Director and Principal of Fidelity Bancorp Funding Inc, a leading provider of bridge and permanent financing for commercial real estate, located in Santa Ana, CA. Mr. Frosh is also a General Partner in Tapestry Management LLC, a joint venture formed to build Silverwood, a master planned community in the Mohave River Valley in Southern California. Upon completion, Silverwood will comprise 16,000 homes across 9,500 acres.  He is also a board member for the Fritz Duda Company, a real estate development company based in Dallas, TX with primary holdings in California, Texas, and Reno Nevada.  From 2009 – 2019 Mr. Frosh served as managing partner and co-founder of Center Street Lending, based in Irvine, CA., one of the nation’s largest specialty real estate lenders. From 2004 – 2010 he also served as managing partner of Whiskey Hill Partners, an early-stage investment firm that funded and sold multiple early-stage companies, creating more than $50 million in value for its investors. From 2000 – 2006, Mr. Frosh served as President of Sperry Van Ness Commercial Real Estate, during which, the annual revenues grew from $15 million to $150 million, while adding over 1,200 agents as staff. Prior to joining Sperry Van Ness, Mr. Frosh served as President of CAM Commerce Solutions, a software provider focused on point-of-sale, inventory control, and credit card processing.  During his tenure, the company’s market capitalization increased more than 20x. Mr. Frosh has served as a board member for Pacific Union Real Estate, EV Roberts Chemicals, Evans Manufacturing, California Stem Cell, Sellers Advantage, Cam Commerce Solutions, Cabo Chips, and the Navy Seal Foundation. He also served as an adjunct professor of marketing for the MBA program at Pepperdine University for six years and has been a member of the Young Presidents’ Organization for 28 years. Mr. Frosh holds a bachelor’s degree in business management from Central Michigan University, and an Executive MBA from Claremont Graduate School.