Mr. Arthur D. Nearon was born in Lima, Ohio on July 30, 1910. In 1928, at the age of 18, he traveled to San Francisco, reportedly with $5.00 in his pockets, to seek his fortune.
He obtained his college degree in San Francisco, and worked during the 1930’s for PG&E. Part of his responsibilities at that time were to seek suitable sites in the Sierra Mountains for the construction of hydroelectric dams. Later, he worked for the Internal Revenue Service. Mr. Nearon obtained his law degree from Golden Gate University, and formed and operated his own law practice, from 1945-1963. His firm went on to become a pioneer in the field of estate and tax planning.
In 1960, Mr. Nearon formed Nell Investment Company, to focus on real estate investing, and by 1963, retired from practicing law. The real estate investment company was based in Palo Alto, long before the advent of today’s booming Silicon Valley, eventually moving to Danville in 1996 and then to Walnut Creek in 2015.
Throughout the 60’s, 70’s and 80’s, the company focused on development of commercial and multifamily properties in the Bay Area, Colorado, and Hawaii. His wife, Gladys, was a constant and valuable influence in the company’s day-to-day affairs. By the 1980’s, and as the Silicon Valley was emerging, the Company’s properties were heavily concentrated in Palo Alto, Mountain View and Sunnyvale.
In 1993, Mr. Nearon retired from active management of the company, but continued to serve on the Board of Directors for several more years. In 2002, Mr. Nearon passed away at the age of 92. During the '90s and '00s, the company grew in size and diversified geographically, into other Western markets and throughout Northern California.
Today, Nearon Enterprises oversees over $700 million in assets, with properties concentrated in three main areas of the Bay Area, Southern California, and Utah. The company is professionally managed by executives and a support team of employees, all of whom have dedicated their careers to real estate development, investment and management. The company’s governance is provided by a Board of Directors, which is comprised of third-generation family members.