Michael A. Pollack is president and founder of Michael A. Pollack Real Estate phoenix real estate, established in 1973 in San Jose, California. The company specializes in asset management, property management, real estate sales and leasing, phoenix real estate financing and construction management of its own property portfolio.
Michael earned his general contractor's license in his early 20's and began designing, building and renovating several multi-family and industrial projects in California, and Texas before moving to the Phoenix area.
In 1991, he purchased his first Phoenix shopping center, a 23,623 square-foot eyesore that was ninety percent vacant, and within months the occupancy rate climbed to more than ninety percent. Today, Michael A. Pollack Real Estate phoenix real estate and its affiliated entities are one of Arizona's largest independent shopping center owners and operators.
An advocate of renovating and repositioning undervalued phoenix real estate and revitalizing surrounding neighborhoods, Michael now owns or controls more than 50 shopping centers in metropolitan Phoenix alone - totaling more than 2 million square feet. With all of his success, Michael still answers his own phone, signs every check and personally selects each member of his team.
Known for his quick deal-making, which often takes place on a Prevost touring bus outfitted with communications and computer equipment, Michael enjoys the flexibility of conducting business directly from a site's parking lot. Since decisions do not require board approval, the company is able to quickly move from letter of intent to ownership in a matter of days - a luxury many of his phoenix real estate competitors do not have.
The company headquarters, which include a carnival game room, domed ceilings, a video arcade and the world's largest antique advertising memorabilia museum, best exemplify Michael's flair for the unconventional.
Over his career, Michael has received numerous awards and accolades from Senators, Congressmen and Mayors. Among these is a certificate of special recognition from Arizona Governor Jane Dee Hull and letters of congratulations from Vice President Al Gore and Donald Trump.
To assure that we will have the first opportunity to review any new investment property on the market, Michael A. Pollack Real Estate phoenix real estate functions in aggressive property acquisitions as a principal on phoenix real estate purchases and does not participate in commissions. In addition, Michael A. Pollack Real Estate phoenix real estate is able to close escrow very rapidly and, if required, make an all cash purchase.
Upon generating all the required leasing and marketing brochures, Michael A. Pollack Real Estate phoenix real estate in addition to using its own staff of professional leasing agents, also cooperates with outside leasing brokers to maximize the leasing penetration that each property receives. From 1994 through 1999 Michael A. Pollack, President of MAP International Management Inc., has signed 1,303 leases totaling more than 2,937,309 square feet and representing over $92,775,481.00 in gross lease dollars.
When it is deemed the appropriate time to sell or exchange the property to receive the optimum return on equity, sales brochures, appraisals and other sources of information are generated to assist in the selling process. Although Michael A. Pollack Real Estate phoenix real estate staff of sales agents will seek buyers for the property, the marketing information is also provided to the brokerage community with commission sharing so maximum sales coverage can be achieved.
Michael A. Pollack Real Estate phoenix real estate makes the business management decisions on properties that are company owned as well as corporate, joint venture, Limited Liability Company and General Partnership properties. It evaluates each potential property using demographic analysis, feasibility studies, market research and financial modeling. Once the phoenix real estate is placed in escrow, the company performs all due diligence including market surveys, appraisals, establishment of renovation and lease up budgets, inspection and approval of site plans, rent rolls, leases and previous income and expense reports.
Upon close of escrow, the renovation and lease up budgets are transferred into detailed actions plans.
Throughout the entire time that the phoenix real estate is managed by Michael A. Pollack Real Estate phoenix real estate or one of its affiliates (MAP International Management Inc.), the latest information processing technologies are used to stay abreast of the current status of phoenix real estate. Our corporate-based computer system is used essentially for investor documentation, acquisition modeling, construction tracking and property management accounting.
Throughout the ownership of the property, the building or site is examined for possible upgrades, expansion or options for adding greater profitability.
Michael A. Pollack is a licensed general contractor in both California and Arizona. The construction division is responsible for both renovations of existing buildings as well as expansion and new development of commercial projects.
The construction division works with carefully screened architectural firms to develop a full set of plans for any new or redevelopment projects. Multiple bids are obtained from qualified sub contractors. Construction loan packages are put together where required to obtain project funding.
The construction division oversees the build out of the project to assure that the project is delivered within budget and on schedule.
When Valley real estate investor Michael Pollack walked into a deserted furniture warehouse in Chandler, he had visions of grandeur. The boxy building's low ceilings and exposed wires didn't deter Pollack, who has amassed a $200 million real estate portfolio by seeing the upside of older or rundown projects. He saw the foundation for the office building of his dreams.
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