Local developers have the right stuff | Projects span state
By Vicki Nisbett
The Prestige Development Group slogan is it’s a “one-stop shop,” and Chief Executive Officer of Michael J. Dixson has the experience to bring it all together.
He enjoys the challenges and says, “Every deal is very different.”
Prestige’s clients are major retailers, office buildings, government leases, apartment complexes, hotels, residential development and more. A list of its other clients includes Buffalo Wild Wings Bar and Grill, Carl’s Jr. restaurants and Verizon.
“We work hard and things fall into place,” Dixson said.
Prestige’s services include real-estate brokerage, commercial development and comprehensive construction. Prestige is able to provide the capital and structure for its clients.
For example, Prestige bought a local IHOP restaurant, located on Del Rey Boulevard in April 2012, remodeled it and rented it to a new operator.
Handling the entire development process, the developers work from formulating ideas all the way to finding sites, designing, planning, financing, brokerage, permitting and construction. There are four in-house staff members, but it regularly contracts an outside team.
For commercial construction projects, Prestige offers in-house architecture, structural, mechanical and electrical engineering. It also offers general construction and design build services, which reduces risk to the client by coordinating through all phases of the project process.
Dixson said he’s never had a one-deal client; all of their clients return to them for additional projects because they are so satisfied with the work done by Prestige.
Recent projects Prestige has worked on include another IHOP restaurant in Los Lunas, Buffalo Wild Wings in Carlsbad and the commercial shopping center on Rinconada Boulevard in Las Cruces, which houses the new Walmart.
A 35-year-old entrepreneur, Dixson began his career as a developer working on residential master plans in Albuquerque. He started a business venture with an Albuquerque IHOP franchisee to develop a restaurant in August 2008, and ended up handling another IHOP development there later on. He said IHOP once had different classes of developers. He decided that he wanted to be what they called a “preferred developer,” and has been that for IHOP restaurants ever since.
Dixson said his management team not only has great experience, but are specialized, aggressive and creative. The team is always concurrently working on projects and its turnaround time is very expeditious.
It usually can get its entire package done, including demographics, in as little as two or three days. The types of professionals Prestige utilizes include draftsmen, engineers, brokers, a site acquisition specialist, a construction specialist, project financing and more. They handle buying, selling, building and renting.
Prestige also has clients in various Western states.
“In Washington, we’re developers for Yumbrand,” Dixson said. “They’re a publically traded company.”
Because Prestige has a cooperative business culture, Dixson said, whenever he meets with a potential employee, he knows within minutes whether they’re going to fit in with the organization or not.
Prestige finds the best people and gets them hired, he said, and they’re very good at what they do.
“The energy in this office is unbelievable,” Dixson said. “We feed off of each other.”
They’re currently working on a project in Tucson, Ariz., and looking to have another office soon in northern California.
Prestige belongs to the Mesilla Valley Economic Development Alliance and the Greater Las Cruces Chamber of Commerce. Most staff members are involved in some type of community project, Dixson said.
Christina Marmolejo, staff member who handles land acquisition and retail sales, is very involved with Big Brothers Big Sisters of Southwestern New Mexico.
Prestige is located at 3530 Foothills Road, Suite I. For more information, call 532-9779 or 993-8678.
May 9, 2014