Michael Saba

Once completing the development project, I would plan to sell the condominium units within it. By selling the condo's within the center, if structured to profit enough, the profit I generate on the sale of condo's can help to pay off the construction loans and mortgages for other components of the lifestyle center, such as the retail and/or hotel facilities. By doing so, I will be able to maintain a position in the retail component of the center highly under leveraged to produce as much COC *(cash on cash) return as possible on the development. Holding a majority of the property, I would intend it to keep it forever for generations to come. The reason for this is that once stabilized this would generate an income flow forever ( providing we continue to innovate on the property) Having this strategy would influecne my decision to focus on the retail component more, however product condo's that are sellable and in turn greatly built condominiums for people to live in.

For this reading reflection I chose to read  How To Fail At Almost Everything And Still Win Big by Scott Adams. The theme of the book generally was how to accept failure, and how it is not always the worst thing to happen, but can sometimes be the best thing. Failure teaches you lessons and causes you to work harder. the book helped me to come and realize all of my past failures and the lessons i've subtly learnt from each of them. When looking back at all of the failures in my life, in each one, I come out with a lesson learned, and something that pushes me to strive for success everyday. If I would design an exercise for this book, it would be to write a summary about a time you failed and then furthermore include a time that same lesson helped you succeed in another scenario. The biggest surprise in the book was when I had realized that failure brings true success in every aspect of life. Failure is what helps you become the person you are today and woul...

This semester I had failed with my original course load. When beginning UF Online I had elected to take 4 courses not realizing the work load that it would have been. I also picked fairly difficult courses. With operating two separate businesses I had come to the realization it would be next to impossible handling the school work load on top of my business work. When realizing this rather than quit, I had taken a simple step back to continue staying in school and continue to work. I worked on my time management and prioritization of work and when to do it. I learned to create set schedules and right down each night what you want to do the next day. I tend to always get down on myself when I fail but, rather than let it ruin my attitude, I look at failures as lessons learnt.

The development of Lifestyle Centers is initially targeted to middle class to upper class/ affluent families and individuals. However the designation to poorer or lower income areas I believe can work as well. Retailer such as Dollar General and Dollar Tree are growing faster than ever in our larger online retail landscape. This will help to develop and larger scope of bringing lifestyle centers to everyone. In these landscapes strategically placing lower priced stores and restaurants can create the same impact as in the more affluently located developments.   Upon this I interviewed two people both being college kids.   The first person I interviewed was Jake. Jake is a college kid who doesn’t have much money. He chooses to shop and eat at lower priced restaurants these include fast food stores and thrift shops. He also frequents stores such as Dollar General. When bringing up the idea to him he seemed enthusiastic to a place that has all of these lower priced s...

The Development of more Lifestyle Shopping Centers where current "Dead" Traditional malls stand.  United States Online Shoppers and Consumers are continuing to shop online in an ever-growing commerce world. This being said, the retail industry in the United States is slowly declining in outdated and slowly dying shopping malls of the past. As a result of this Amazon and other online retailers are slowly taking a larger and larger market share of overall retail consumption.   As online retailers grow people find less of a reason to go to traditional shopping malls. As the large anchors leave, it creates a “dead mall.” These leave gaps in what once was a town square and more than just a shopping mall, but an activity and common ground for all people within the city or town they are located in.   There are many people in the United States that are in areas where their malls and common shopping areas are closing due to online retailers. Many people in the...

Resources of experienced people in the industry - Having access with people to rich out to for advice when creating the project, who have been within the industry for 25+ years.   Financial Capital - Right tools to utilize leverage for the project that others will find harder to obtain rather than someone who has connections within portage banks Personal knowledge within the industry being the qualified age and primarily target customer - having the right group of people to reach out to for help with high experience within the industry is next to impossible to replicate the connections and knowledge.   Experience within the industry and access to highly experienced people within the industry - Once again highly impossible to replicate the knowledge from the circle of experienced people within the industry   Socially within a group of people to help finance the project. - connections to financiers and banks that are willing to lend out money for a project of ...

The book I chose to read was The Art of Social Media: Power Tips for Power Users, Guy Kawasaki In the book I learned a lot of key tips, ideas, and overall understanding of what to me seems to be a crucial thing to know in 2018.   The book went over the huge importance of social media in the time we live in and just how much it can really help you if you have a great understanding of it. Marketing through social media takes a huge role in the overall idea of the book and how moving forward marketers must understand how to work social media. IT also goes over how in our day and age social media pages serve as a second resume to employers, as your facebook, twitter, linkedin, and instagram account will show them who you truly are.   The book connects and enhances with the overall general idea of ENT 3003 with being innovative and constantly adjusting to changes. Many companies today are going out of business because they have failed to adapt to the changes in societ...

One person that would suit to help and be a perfect fit to helping with this project would be my father. Having been in real estate as his career he would have much of the know how within the industry, as well as the connections.   He would fit the domain and market expert category, having been in the business for many years and still in the business he is both an expert on this type of market and owns the same kind of company, being a real estate firm.   I have found this person him being my father.   Being my father the nature of the exchange would be fairly simple.   Including him in my network would give me a lot of the know how, I may currently not have within developing this project.   Another person that would be suit to help would be my Uncle. My Uncle is an architect in Manhattan and works on building and designing many new modern commercial buildings.   He would fit into the supplier to my industry. When going about developing ...

Having always grown up in Real estate and always having a love for it, I see this business being something that I would wake up every morning and love to do. Loving what I do would allow me to work more and really dive into making this idea a reality. I see this business potentially being a career in my life.   I’m offering the customers of this business a place to live, work, and play and somewhere they will love to common.   I’m offering this to people who are tired of traditional malls and may be living in areas where their traditional mall is completely dying. People who order many things they need on Amazon or online, however, feel that they still want a place to be able to go too. The lifestyle centers serve to offer things online cannot such as movie theaters, gyms, hotels, etc…   I feel that my core competencies are that I have the work ethic to make an idea a reality, I don’t wait and I’m fairly impatient. Although patience is a virtue, impatience...