Hussain Sajwani, DAMAC Owner Responsible for Dubai’s Revitalized Real Estate Market

The fourth-richest Arabian on Earth (according to Forbes), Hussain Sajwani, who is also the founder and owner of DAMAC Properties, recounts a time back when the company he built from the ground up was in jeopardy. When the 2008 crash of the global real estate market occurred, he foresaw the impending drop and jumped into crisis mode, cutting jobs, expenses, and consolidating land and projects while his company received bad press because of it. It was a rough six months, states the DAMAC owner.

 

1996 was the first time Hussain Sajwani ventured into real estate development, building hotels in Dubai, and he went on to found DAMAC in 2002. In 1982, just two years after graduating from the University of Washington, he started a catering business, which continues to operate to this day. He learned his entrepreneurial skills from his father, who was a successful shop owner, in-tuned with his client base.

 

The DAMAC owner was able to keep his company afloat by making smart business decisions, including not consolidating or selling ten buildings in Business Bay, and he also kept business going in the Marina. Hussain Sajwani also adds that escrow funds helped keep DAMAC Properties alive. It’s a time in his thirty five years of business experience that he doesn’t like talking about, according to Arabian Business.

 

DAMAC Properties is responsible for building several luxury real estate projects in Dubai from 2002 to 2005, thus leading to the city attracting growing attention from around the world, from numerous media sources to curious investors, though the DAMAC owner did not take any money from investors, funding his company through his profitable side businesses and his regional stock investments. They went global and started projects in other countries like Egypt and Lebanon, and their reputation grew in tandem. Their prosperity came to a halt when the 2008 crisis occurred, but they rebounded with an IPO worth $379 million on the London Stock Exchange as of late 2013.

 

DAMAC Properties has a 2016 revenue of nearly $2 billion and Hussain Sajwani has a net worth of $4.2 billion as of 2017.

Sahm Adrangi’s Negative Report on St. Joe Matter

Sahm Adrangi is the chief investment officer at Kerrisdale capital located in New York. He has a Bachelor of Arts in Economics from Yale University. His previous position includes serving as the analyst at Longacre Fund Management, Leveraged Finance Investment Banking, and Restructuring Investment Banking group among others. Longacre Fund Management is a privately owned investment partnership that had $1.2 billion of assets under their management in the year 2008. Sahm Adrangi used to conduct research and analysis in the firm for both equity and credit funds.

Information is circulating on a negative report that he issued on the St. Joe Company. In the report, Sahm says that St. Joe’s land holdings are worth a fraction of the market valuation of the company and they are overhyped. This is under very aggressive development assumptions made. The largest shareholder at St. Joe, Fairholme Fund, is prone to the new SEC liquidity rules and terms. The rules will require the company to minimize their stakes, which may raise the risks for forced selling. There is no optimism regarding the capital budget of St. Joe. Sahm Adrangi has taken a step to publish a negative report that explains its small position at St. Joe Company. This company is devoted, and it hopes to transform the exposed land near Panama City Beach to become a desirable destination for businesses and retirees. However, St. Joe may not be in a position to develop the land due to the valuation of $1 billion in the company. Minimal growth and development are going on in the interior land. Minimal activities are happening regarding building, and another advancement progresses. Due to this, Sahm Adrangi points that there will be a need for the long-suffering investors to continue waiting for more to see the progress at St. Joe. This is because the company is continually struggling to attempt monetizing the land though at a pace that justifies the valuation. More problems continue to be experienced by the investors with its largest shareholder facing more problems. It holds more than a third of the shares at ST. Joe Company. It is therefore expected to reduce its position by almost half. Nevertheless, Kerrisdale has a short position here and is set to benefit when the share price drops.

 

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

The Life Changer Investment: Roberto Santiago Manaira Mall

The primary goal of many investors is to accumulate large profits and make in the list of the most prestigious business people in the world. It may surprise you to know that Roberto Santiago is among the most named Brazilian entrepreneurs even though his motive for beginning the business was far from the usual goals.

Roberto Santiago is now 58 years old. He was born and brought up in Joao Pessoa. As he was growing up, he realized that most of his people lived dull lives due to lack of recreational facilities. Those who made an effort to have a little fun had to travel to distant places to access the luxury joints. Something needed to be done, and somehow, Santiago felt this was his call.

To begin with, he had to acquire education to gain the knowledge on how to go about it. He first went and studied Finance at the Pio-X-Marist College. He felt the need to upgrade his education and signed up with the University of Joao Pessoa, where he graduated with a Bachelor Degree in Business Administration.

Having completed school; it was time to put into practice what he had learned in school. Meanwhile, he was slowly gaining popularity through his blogging activities. He got his first job at Café Santa Rosa. Well, this wasn’t exactly the kind of job he was hoping for, but he describes it as his foundation of greatness. In Café Santa Rosa, he learned the importance of money and saving.

It wasn’t long before Roberto Santiago quit the job and began his venture. He began a cartonnage company, where he manufactured cardboards using cartons. Eventually, the business expanded and was now competing with prestigious home décor companies in Brazil.

Despite this success, Roberto Santiago had another goal that he had to accomplish. He, therefore, used the profit he had gained to buy the land on which he built the Roberto Santiago Manaira Mall. Santiago had a strategic plan because by 1989; he launched the mall.

This was the end of the many problems the people of Joao Pessoa had experienced in the past years. The mall had entertainment premises and all the facilities that one needs for survival.

In 2009, he further surprised the occupants by launching the Domus Hall. The Domus Hall has special features that make it the best place to watch concerts, 3D movies and hold personal occasions.

Roberto Santiago’s aim has been fully achieved through the mall. Today, the residents of Joao Pessoa shop under one roof and their social life has been fully revolutionized.

We can only hope that other entrepreneurs will base their projects on improving the welfare of their vicinities before investing in other areas.

 

Samuel Strauch In Miami

Miami is an important location for different real estate professionals. The city has constantly gone through changes that are important overall. It has grown in to a metropolis in its own right over time. Samuel Strauch is a real estate agent that works in the city of Miami. He has his own company that is called Metrik Real Estate.

Samuel Strauch is currently the Principal of that real estate group. They handle investments and real estate acquisitions almost every week. That has given them a great amount of experience when it comes to these deals.

Samuel Strauch earned his education from Hofstra University in New York. He graduated with a degree in business, giving him an advanced set of skills. Samuel Strauch has applied his education wisely since that graduation day. He has become a premier realtor in his own right. People respect his educational background and the expertise that he brings to the table. That has helped him rise the ranks of realtors working in the city too. People trust his reputation as a real estate expert with years of experience.

People can learn a lot from the model that he sets in place. Samuel Strauch is a good choice for anyone new to the city of Miami. He can help people buy or sell any real estate option. Samuel Strauch is a role model and leader for his own company. That has helped many people admire the work that he does. The realtor is working to fulfill his end of the bargain.

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Omar Yunes on Winning the BFW Competition

Omar Yunes is well-known as he is the franchisee of Sushi Itto. His efforts for the brand have paid off as he is the winner of the Best Franchisee of the World (BFW) award. He won this competition that was held in Florence, Italy. This was organized on 5th December. This is recognition of the efforts made by Omar Yunes to the brand that he represents.

Basically, Omar Yunes was just 21 years old when he became a franchisee of this Japanese food chain. Today he is the owner of 13 units of this franchise. These units are spread all over in Mexico City, besides Puebla along with Veracruz. In fact, this is nearly 10% of the total units which this brand has.

No wonder that Omar Yunes is feeling proud of this feat. He says that he is just a representative as this award actually belongs to the 400 employees working in these 13 units. They have managed the brand so well, and hence the award truly belongs to them. Due to these reasons and the brand which has led them to innovate, they have managed to win this highly coveted award.

This is the 2015 edition of this BFW award. It saw representation from 34 countries. These included Mexico, Portugal, besides Hungary and Brazil, along with France, Italy, as well as Argentina. All the franchisees were evaluated based on certain parameters. The main parameter was the effect that they had on the franchise network. The impact on the brand was not the main consideration here. The factors considered were the way in which it influenced the network, besides the contributions made through knowledge. Next were the kind and amount of savings that had been implemented. Other aspects included how motivated the employees were, besides the amount of invoice. Another factor being considered is the improvements to the business model that have been proposed and implemented.

Diego Elizarrarrás is the organizer of BFW Mexico. He says that Omar Yunes is the winner as he has been a highly important change factor in this kind of relationship between the franchise and the franchisee. Click here to know more.