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Michael W. Dardick

Michael W. Dardick

Granite Properties Inc.

Michael W. Dardick is a founding partner and president and CEO of Granite Properties Inc. Formed in October 1991, Granite Properties is a developer, investor, and manager of commercial real estate, across the Southern United States. The company currently owns and operates over 10 million square feet of commercial real estate, including office, industrial, and retail properties. Prior to founding Granite Properties, Dardick was in banking, most recently serving as a senior vice president at a JPMorganChase predecessor, running the foreclosed real estate division.

Stories by Michael W. Dardick

Commercial Real Estate

Michael Dardick: The MLB, NHL, NBA, and Dallas Development

How about the Rangers, the Stars, the Mavericks and the Dallas development scene? Lots of winners—right? (Well, kind of ...) But more to the point, how are they all managing to put some W’s up on the board in spite of a lot of naysayers?
Business

Michael Dardick: What Does the World Series Have to Do With Real Estate Cycles?

Although the St. Louis Cardinals and Boston Red Sox seem to be evenly matched, they do have different styles. These differences are best captured in the “mottos” of each—“The Cardinal Way” and “Boston Strong”.
Uncategorized

Michael Dardick: Practicing Positivity!

I don't know about you, but I'm tired of the political "attack season" and, therefore, the constant messaging about everything that is wrong with the country. For those of you who know me, I don't wear rose-colored glasses and ignore reality. It's clear that we have a lot of heavy lifting to bring solutions forward.
Uncategorized

Michael Dardick: Perspectives from Abroad

I just returned from an overseas trip, and part of the excursion was certainly about perspective. It is hard to view a 1,000-year-old construction and not be impressed that it is still standing! Moreover, all the ornate stonework in these old buildings leaves one awestruck at the craftsmanship.
Commercial Real Estate

Michael Dardick: A Time for Discriminating Risk-Taking

With some $1.2 trillion of real estate debt coming due the next several years, and much of it not fully supported by the asset, there will be many unique opportunities. However, not all will be worth the risk. This early part of the recovery is very much about city, submarket, and asset-specific picks—a “stock picker’s” market versus a “buy the index” market.
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Stories by Michael W. Dardick

Uncategorized

Michael Dardick: A Dose of Certainty in Unusually Uncertain Times

Uncertainty creates a dilemma around decision-making, often leading to paralysis and no decisions. Other times it leads us to try many different things, but without conviction or finality. We have a saying for this in our shop: "Don't confuse motion for progress."
Uncategorized

Michael Dardick: How Will Municipal Budget Woes Affect Development Costs?

Developers need to proactively work with the municipalities to minimize extra cost burdens—read: revenue enhancement for them—and also face up to the reality that we will need to factor these business costs into our go-forward plans.
Commercial Real Estate

Michael Dardick: Absolute Employment Versus Unemployment

I recently heard an interesting take on the unemployment rate. It centered on absolute employment levels related to occupancy of real estate. By 2013 we could have the same level of jobs—or "butts in seats"—as the peak occupancy, and it is unlikely there will be much in the way of deliveries by then.
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