Established in 1973 in San Jose, Calif., Michael A. Pollack Real Estate Investments is a full-service real estate company specializing in asset management, leasing, development and redevelopment of its own property portfolio. In 1991, the company purchased its first Phoenix shopping center, a 23,623-square-foot eyesore that was 90 percent vacant. Pollack quickly redeveloped and leased the property. Today, Michael A. Pollack Real Estate Investments in its 31,000 square foot corporate office is located in Mesa Arizona.The company and its affiliated entities are one of Arizona’s largest independent commercial properties owners and operators.
The companies currently own or control over 60 commercial properties in metropolitan Phoenix alone. Its Arizona portfolio includes renovated and redeveloped retail centers in Phoenix, Tempe, Mesa, Chandler, Glendale, Peoria and Gilbert. Pollack Investments, in many cases, has doubled the gross income and occupancy rates of properties in its portfolio, and many of its retail centers are currently 97 percent to 100 percent leased.
An advocate of renovating and repositioning under-performing commercial properties and revitalizing surrounding neighborhoods. Michael A. Pollack is known for quick deal-making, which often takes place on his Prevost touring bus outfitted with communications and computer equipment. Pollack relishes the flexibility and immediacy of a mobile office that allows him to telecommunicate an offer to buy a property from that property’s parking lot.
While unconventional, Pollack’s mode of operation – finding centers efficiently, closing deals rapidly, renovating and leasing quickly – is among the most effective and admired skills in today’s market. The company frequently moves from a letter of intent to a signed contract to ownership in a matter of days, as decisions don’t have to obtain approval from a board of directors – a luxury many of Pollack’s real estate competitors do not have. The goodwill Pollack has generated with real estate brokers during the last 40+ years has contributed to the phenomenal growth of his company. Because of its track record and long-term relationships with investors and bankers, the company enjoys quick access to funds and is able to either make cash purchases or quickly qualify for loans.
The company and its related entities currently control a real estate portfolio that includes more than four million square feet of properties located in Nevada, Arizona and California.
Michael A. Pollack Real Estate Investments prides itself on its speed, agility, flexibility and performance record. This track record, coupled with an intricate knowledge of the rapidly changing real estate market, has built a real estate empire known for it’s diversity, creativity, accessibility and most important, success.
Michael Pollack has received numerous city, state and national proclamations, Senatorial and House of Representative awards and 100’s of acknowledgements in appreciation of leadership including State and National Congressional awards, Mayoral recognition’s and a letter from President George W. Bush for his humanitarian involvement.
Since 2005 Michael Pollack has been voted for and recognized from Ranking Arizona as the number one owner/operator for commercial real estate in Arizona.