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> In the Press >Real estate mogul
out to make a difference
Real
estate mogul out ‘to make a difference’
Date: 06-30-04
Newspaper: The Arizona Republic
Location: East Valley Opinions
Author: Patricia Biggs
If it’s true that everything old
will be new again, then real estate redeveloper Michael A. Pollack
will continue his stunning success.
Since moving to Arizona in 1991, Pollack has been
involved in developing and redeveloping more than 9 million square
feet of commercial buildings. Drive down any major Chandler street
and you’ll see his name.
This month, Michael A. Pollack Real Estate Investments
was named Business of the Year by the Chandler Chamber of Commerce.
But to cast Pollack as the “King of Strip
Malls” is to touch only one aspect of his personality.
His main office is an opulent building renovated
from a furniture store once voted the ugliest building in Mesa
by homeowners. It is home to an eclectic art collection, ceiling
frescoes of his grandparents and walls of memorabilia from a 31-year
career that includes television, radio, singing and auctioneering.
There are photos of Pollack with Tanya Tucker (just
friends) and Tattoo from Fantasy Island. A photo from eight years
ago depicts Pollack astride his horse, taking second place in the
Tennessee Walker Championships.
The main event in the 31,000-square-foot building
is Pollack’s Advertising Museum, a collection of 4,000 pieces
dating from the 1600’s to the 1990's.
But there’s more.
A game room is offered for kids’ organizations
during some of the company’s charity events. A video arcade
is available for employees, who also have a lunch room decorated
as a 1950's diner, complete with a jukebox that plays a 45 rpm
single Pollack recorded in the 1980's as part of an advertising
campaign for a Houston apartment complex.
There’s even a fitness center, which Pollack
readily admits is the least-used room in the building.
Tucked in beside a repair bench for his advertising
collection is a drum set that Pollack plays occasionally.
Then there’s his slot machine collection
that includes an original one-armed bandit carved from wood with
the slot workings tucked into the bandit’s torso.
Ensconced behind locked French doors is Pollack’s
private retreat room, furnished from Louis XVI and Louis XVII,
where he can relax and sip a glass of wine while waiting for another
building to renovate.
Many Properties in Chandler bear your name. Tell
me about your redevelopment work.
"I challenge myself each and every time to try
and one-up the last one I did. I collect real estate. What some
people would call work I call my hobby. This isn’t work,
this is the greatest fun."
"That good old-fashioned sense of pride has been
lost along the way. People say, 'You put your name on everything.'
I’m
proud of them."
When you look at a boarded-up strip mall, what
do you see?
"I can automatically feel and see and envision
exactly what it’s going to look like when I get done with
it."
Do you prefer redeveloping to building from scratch?
"Redevelopment can be more rewarding at times.
It’s
so dramatic, and I’ve never, ever had a complaint on any
of the redevelopment projects. Yet, you always hear of the controversies
when something’s going to be built from the ground up."
"Redevelopment is contagious. It starts on the
hard corners and spreads to the neighborhoods."
What’s your basic philosophy?
"We’re not in the real estate business
just to try to make money. We’re in the real estate business
to truly make a difference. I would hope that people see that and
it’s evident in the work we do in our redevelopment."
"If I was in the business to just make money, a
lot of the redevelopment I’ve done I probably wouldn’t
have done. North Park Plaza’s a prime example of that. It
was
100 percent leased when I started the rehab. There are not too many people
that would want to go in and spend $900,000 just to make something look prettier."
"I wanted to set a standard, at the highest standard,
and North Park has done that."
So you would consider it your best accomplishment?
"You know, they’re kind of like children.
You love them all. But it definitely is one of the most dramatic
because it was built in the ‘50s, and it showed the ravages
of time. Probably one of the most expensive that I’ve done."
There’s a “Watching You” web
site dedicated to you and calling you “briefly the most famous
person in Houston.” Have you seen this web site?
"I have. Basically, between 1980 and 1984, I was
about 25 years old. I was hired to do a huge promotion on a huge,
1,838 unit apartment complex - Colonial House. I was indeed managing
that for somebody else."
"My job was to promote it. I did all the commercials
for it. It looked like a used car
dealer to be honest. And that was my job at that time."
Is that part of why you decided to quit doing working
for other people?
"Exactly. I was asked by the people I was working
for to wear the most hip and, how would you call it, swinger type
things. We were catering to a singles lifestyle. I was the Pied
Piper at that time of the singles generation back in the ‘83, ‘84
time frame, and now here we are 20 years later and obviously not
even close to that."
"It was my job. It wasn’t what I necessarily
wanted to be, it was the image the people I was working for wanted
me to portray."
There weren’t web sites then. This was created
in 2000. In a way it’s a compliment.
"It’s kind of tongue in cheek. We had
done the largest television and radio advertising campaign, and
billboards, that the city had seen. I was basically at that time
a household word."
So,it was your personality out there selling it.
"That’s exactly what happened."
Does the site bother you?
"First of all, there’s nothing I can
do about it, it’s on the Internet. Second of all, it doesn’t
really bother me because anyone who knows me today knows that that
was a completely different person. I don’t think any of us
could look back when we were 24, 25 and try to be the same person
when we’re 50. So,no it doesn’t bother me in the least.
That was my job.I was paid to be that person and I was good at
being that person at the time. Could I do i today? The answer’s
not only no, but absolutely no."
Tell us about your museum.
"Everything is 3-dimensional that’s
in the museum. And it’s advertising."
"Today, they would be so antiquated. These pieces
in their time. They all stood for something. They all had slogans
and they meant something. Today, they would fall flat on their
face because they just wouldn’t work."
A couple years ago, you encouraged your employees
to study Spanish. How is that going?
"Well, that’s a good subject. It didn’t
do great for us to be honest. Some of us were able to get a basic,
very rough understanding of Spanish. Some dropped out right away
in the classes, so it didn’t do as well as I would’ve
liked. I think part of it was, too, we just didn’t have enough
hours in the day.
I personally stayed in the majority of all the
classes until the end and then even I ran out of time."
Anything else you want to touch on, work or community
involvement?
"I think one of the most exciting projects we worked
on last year was the Michael A. Pollak Feed the Need program. We
did it with St. Mary’s Food Bank. We used the majority of
all our shopping center locations as drop-off points for people
to bring food.
It was an extremely successful program. Many tons
of food were raised for the people that truly need it. This year,
we’re hoping to double the numbers we had last year. I was
really thrilled with that."
Is there anything that you fear?
"You know, I think my biggest fear would probably
be that someday I know I won’t be able to do what I’m
doing today, and I know I would miss it so much.
Not just for me, but for so many of those charitable
organizations that we work with. I can’t tell you how many
lately I’ve either been the master of ceremonies for at their
events or I’ve been their guest auctioneer. And I think I
fear that day when I can’t do that anymore, and I know that
day will come because it comes for all of us."
Michael
A. Pollack
Age: 49
Claim to fame: In the real estate business for 31 years, involved in more than
9 million square feet of development and redevelopment projects.
Where did you grow up?
San Jose, Calif. Spent time in Houston, then moved to the Valley in 1991.
Education: Unfortunately, at 18 years old I went right to work and didn’t
have the opportunity to get a proper education. I have a son now in the business
who graduated from ASU. He’s 24 and now the fourth generation in business.
I told him he had no choice (but to go to college). Today, education is critical.
Absolutely critical.
Professional experience: I actually started at 18. The day I got out of school
I built my own house. It took six months. My first profit was a whopping $ 3,000.
Favorite hobbies or sports: Collecting for my museum. It’s the largest
3-D advertising museum in the world, more than 4,000 pieces. SPorts, I enjoy
both basketball and football.
What is the biggest misconception people have about you?
People have said to me, “You’re like an overnight success.” If
you consider 31 years in the same business n overnight success, you could be
right. But I don’t think so.
Other community involvement's: I actively support over 65 charitable organizations,
so we have a huge involvement in the local community.
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