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The Mindset of a Real Estate Mogul – Michael Staenberg

The Mindset of a Real Estate Mogul – Michael Staenberg

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 Michael Staenberg is a visionary real estate developer and philanthropist who has developed over 200 retail centers totaling more than 45 million square feet. With a career spanning nearly five decades, Michael has worked with some of the biggest names in retail, including Walmart, McDonald’s, and Home Depot. Beyond his business success, he is known for his philanthropic efforts, having donated over $100 million to various causes. His impact on the St. Louis region is undeniable, from major retail developments like Chesterfield Commons to his leadership in revitalizing Chesterfield’s downtown district.In this episode, Michael shares his journey from a young leasing agent to a powerhouse in commercial real estate, offering invaluable insights on persistence, mentorship, and long-term vision. He discusses the evolution of retail, the importance of understanding tenant needs, and his strategy for creating sustainable, community-driven developments. Michael also reflects on his philanthropic philosophy, emphasizing the power of giving back and inspiring the next generation of leaders. Whether you're interested in real estate, entrepreneurship, or the mindset behind success, this conversation is packed with valuable takeaways.Twitter: twitter.com/ItsRajTutLinkedIn: linkedin.com/in/rajtutInstagram: instagram.com/ItsRajTutTikTok: tiktok.com/@itsrajtutConnect with Michael Staenberg:The Staenberg Group Website: tsgproperties.comThe Staenberg Group LinkedIn: linkedin.com/company/the-staenberg-groupMichael Staenberg's Website: michaelstaenberg.comTimestamps:00:00 – Introduction01:37 – Early Chat & Greetings02:30 – Childhood & Work Ethic05:00 – Mentors & Early Career at Leo Eisenberg09:50 – Transition from Brokerage to Developer12:00 – Meeting Sam Walton & Walmart Deals15:20 – Moving to St. Louis & First Projects17:00 – The 1993 Flood & Vision for Chesterfield Commons21:40 – The District & The Factory24:45 – “Main Street” vs. Big-Box Retail27:00 – Downtown Chesterfield Project33:00 – Michael’s Giving Philosophy36:00 – Examples of Philanthropy & Hands-On Giving41:30 – Personal Stories & “Pants One Leg at a Time”46:00 – Mentorship & “Checking Ego at the Door”52:20 – The “Three T’s”: Time, Talent, Treasure59:00 – Greatest Advice (“Hole in One”)1:04:00 – Closing RemarksThis podcast is brought to you by Storyboard Living.If you're looking to sell us a 40+ unit multifamily property in the St. Louis region, or another part of MO/IL, please email deals@storyboardliving.comConnect with us: Website: storyboardliving.com LinkedIn: linkedin.com/company/storyboard-living

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