By Ken Sain | Chandler News
There is a lot of uncertainty in the market for businessmen, said Chandler real estate magnate Michael Pollack, but that doesn’t mean aggressive entrepreneurs shouldn’t be investing.
“Are we in a green light economy right now where you can do anything you want and get away with it? No,” Pollack told a large gathering at a Chandler Chamber of Commerce economic summit. “We’re really in a yellow light economy, where you cautionary proceed with your business.”
Pollack and his son, Robert, lead Pollack Investments, which has opened and a large number of strip malls across the Valley, operating some of them.
The two were the keynote speakers for the Chamber’s Economic Update — The State of Real Estate lunch event at SoHo 63 April 24.
Michael Pollack said President Trump’s tariff policies have introduced uncertainty into the marketplace.
“Do I think we’re going to have 150% tariffs (with China)? No, I don’t,” Pollack said, adding that this is not what he calls a ‘red light economy,’ when owners don’t expand or try to grow their business.
