Michael Mugel
For more than 25 years, Michael H. Mugel, chief executive officer of Red Mountain, has been involved in re-developing commercial and mixed-use real estate as an investor and builder, positively impacting communities in eleven states. Mr. Mugel has successfully completed over 250 acquisition, re-development or disposition transactions in the past 20 years in eleven different states across the country. Mr. Mugel founded Red Mountain in 1991 with one moderately sized shopping center in Mesa, Arizona. Under his leadership, Red Mountain quickly expanded and doubled both in portfolio size and portfolio value year after year, successfully growing into a portfolio encompassing over five million square feet of commercial developments across eleven states with a value of over one billion dollars. With a strong values-based leadership, a unique culture exists at Red Mountain. Red Mountain’s team and management philosophy have been studied by the Drucker School of Management of Claremont University with the results being published in the second edition of Value-Based Management with Corporate Social Responsibility. Describing the mission for Red Mountain, Mr. Mugel says, “Having the opportunity to revitalize vacant buildings into beautiful community focal points by working proactively with cities and neighborhoods is one of my greatest rewards. I see this work as an opportunity to bring life into areas once filled with physical and economic blight.” Born in Los Angeles, Mr. Mugel moved to Orange County in 1987. He earned a degree in Business Administration from the University of San Diego with an emphasis on International Relations by studying in 13 different countries. Following university life, Mr. Mugel helped found Sperry Van Ness Investment Brokerage in Newport Beach, California, rising to Partner after only three years. Mr. Mugel then ventured out on his own as an investor and re-developer before founding Red Mountain at age 27. Mr. Mugel is an active board member for Pine Village Housing as well as for Phoenix Affordable Home Ownership Program. Two of these entities focus on bringing affordable residential housing solutions to communities that have been destroyed by the current economic conditions. Mr. Mugel is a current GenNext member; a 20-year member of Vistage International (a CEO roundtable); and has been an active member of ICSC for the past 25 years. Mr. Mugel currently resides in the China Cove area of Corona Del Mar with his wife and sons.
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