Business Details
35 Years
experience
Your Trusted Partner in Retail Real Estate Redevelopment
Red Mountain Retail Group was founded in 1991 with a vision to transform challenges into opportunities through innovative real estate redevelopment. Our expertise lies in acquiring distressed retail properties and revitalizing them into thriving community shopping centers. With over 30 years of experience and a portfolio spanning 22 states, we combine deep industry knowledge with localized strategies to maximize value for both investors and communities. Our in-house team manages every aspect of the redevelopment lifecycle, from acquisition and leasing to construction and asset management.We prioritize relationships, fostering partnerships with tenants and stakeholders to ensure long-term success. Our track record of $4.5 billion in developed/redeveloped assets reflects our commitment to quality, innovation, and community impact. Headquartered in Santa Ana, California, we maintain regional offices to better serve our nationwide operations. Our approach integrates financial acumen with a focus on sustainable growth and community enrichment. This philosophy has established us as a trusted leader in the retail real estate sector.
Services
Retail Property Acquisition
Retail Redevelopment
Property Management
Asset Management
Leasing & Marketing
Details
- Year established: 1991
Highlights and features
- We have 30+ years of experience in retail real estate redevelopment.
- Our nationwide portfolio spans 22 states with 6.5 million square feet.
- We offer end-to-end in-house capabilities from acquisition to leasing.
- Our community-focused approach enhances local economic vitality.
- Weve completed over 350 transactions totaling $4.5 billion in value.
Services
Retail Property Acquisition
We identify and acquire distressed retail properties nationwide, specializing in empty retail boxes and underperforming shopping centers. Our team conducts thorough due diligence to assess redevelopment potential and market alignment. With 30+ years of experience, we leverage deep industry relationships and financial expertise to secure strategic investments that align with our clients' goals.
Retail Redevelopment
Our redevelopment services transform blighted retail spaces into thriving community hubs. We manage full-scale construction, design, and entitlement processes to maximize property value. By integrating local market insights, we create customized solutions that attract tenants and enhance neighborhood vitality through sustainable, community-focused improvements.
Property Management
We provide comprehensive property management services for retail assets nationwide. Our team ensures optimal operational efficiency through proactive maintenance, tenant relations, and financial reporting. By maintaining strict cost controls and leveraging our regional expertise, we preserve asset value and enhance long-term returns across diverse market conditions.
Asset Management
Our asset management team strategically oversees retail portfolios to maximize returns and minimize risk. We analyze market trends, conduct performance reviews, and implement value-add initiatives tailored to each property's unique characteristics. This data-driven approach ensures alignment with investor objectives while maintaining operational excellence.
Leasing & Marketing
We specialize in leasing retail spaces through targeted marketing and relationship-driven strategies. Our experienced team builds partnerships with national and local tenants to achieve high occupancy rates. By understanding market dynamics and tenant needs, we create leasing plans that drive foot traffic and establish properties as community destinations.
People
Michael H. Mugel
Chief Executive Officer & Founder
Michael Mugel founded Red Mountain Retail Group in 1991 and has led over 500 real estate transactions across 11 states. With 30+ years of industry experience, he specializes in redeveloping mixed-use properties and has transformed communities nationwide through strategic investments.
George F. Derrington
Chief Financial Officer
George Derrington brings 30+ years of finance and accounting expertise to Red Mountain Retail Group. He manages investor relations, debt structuring, and financial reporting, having previously restructured $750 million in debt while overseeing asset growth to $2+ billion.
Carl Roude
President & Chief Investment Officer
Carl Roude oversees strategic vision and investment decisions at Red Mountain Retail Group. With 30+ years of real estate experience, including legal roles with major developers, he has facilitated $2 billion in asset transactions and specializes in risk management and portfolio optimization.
Lori Gast
COO / President, Retail Properties
Lori Gast leads leasing, asset management, and property operations with 30+ years of Western U.S. retail expertise. She founded Gast Retail Group and previously held leadership roles at Marketplace Properties and GVD Investments, specializing in tenant representation and development.
Bob Layne
President of Development
Bob Layne directs development projects with a focus on construction management and cost control. He ensures timely execution of redevelopment initiatives while maintaining quality standards across Red Mountain Retail Group's nationwide portfolio.
Questions
What types of properties does Red Mountain Group specialize in?
We focus on acquiring and redeveloping distressed retail properties including empty retail boxes, partially occupied shopping centers, and sites for build-to-suit developments across 22 U.S. states.
How does Red Mountain Group approach community impact?
We prioritize community enrichment by transforming blighted properties into vibrant shopping centers that meet local needs, enhance economic vitality, and create sustainable neighborhood destinations.
What services does Red Mountain Group offer?
We provide end-to-end real estate services including acquisitions, redevelopment, property management, asset management, and leasing for retail properties nationwide.
Where are Red Mountain Group's offices located?
Our corporate headquarters are in Santa Ana, California, with regional offices in Phoenix, Arizona, and active operations across 22 U.S. states.
