Dan Hedigan

Chief Executive Officer, FivePoint Holdings

Hedigan helms one of the most consequential developers in California, connected to deep-pocketed Lennar, with a roster of master-planned communities including two that are underway: Great Park Neighborhoods in Orange County, and Valencia in Los Angeles County. A third, in San Francisco, made significant progress after Hedigan replaced Emile Haddad (see related entry) as CEO, in shifting two million square feet of entitlements from the stalled-half to another that’s becoming a standalone development.

Buttoned-up Hedgian, who stands in contrast to Haddad, previously served as president of land sales and homebuilding for Irvine Company and was a real estate attorney — holding general counsel roles at California Pacific Homes, American Real Estate Group — which was likely a plus in that recent success in getting entitlements moved from the Shipyard to Candlestick in San Francisco after delays due to a botched environmental cleanup that has left land in the hands of the Navy. 

The developer could finally break ground on Candlestick this year, but FivePoint needs to solidify its financing. For a while, Hedigan’s posture was that FivePoint was continuing to explore all financing opportunities. That tone changed somewhat during a 2025 earnings call, when he said the company “remains engaged with potential capital sources to advance development.” 

All together, the three mega-developments would deliver 40,000 homes and 23 million square feet of commercial space in California. As of Sept. 2025, about 12,500 homesites — lots where homes can be built — had been completed. FivePoint’s Great Park Neighborhoods is the most mature, and successful, where the company recently neared $10 million per acre on land sales.